IFSC Code of State Bank Of India, Lake Town, Kolkata, West Bengal- SBIN0001506

Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of State Bank Of India for its Lake Town branch in Kolkata, Kolkata, West Bengal, then this guide will give you detailed information.

The banking system has evolved significantly in India, and today the customers of State Bank Of India located in Kolkata or anywhere in West Bengal can transfer funds instantly by using the correct IFSC Code SBIN0001506. You should definitely know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.

Details of IFSC Code for State Bank Of India, Lake Town, Kolkata

The table below shows the main details of the IFSC Code SBIN0001506 for the State Bank Of India branch in Kolkata, which falls under the Kolkata district in West Bengal.

These details are crucial, not just for online banking users but also for businesses and individuals who use State Bank Of India in Kolkata for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0001506 for the Lake Town branch of State Bank Of India has an important role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with State Bank Of India located in Lake Town, Kolkata, West Bengal, are allotted a unique IFSC like SBIN0001506 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It clearly tells which bank branch it is in Kolkata.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It prevents confusion between different branches of the same bank in places like Kolkata and Kolkata.
• It reduces errors in fund transfers and improves accuracy.
• It helps the sender banks to validate and confirm branch details before processing payments.

It makes sure that money sent to State Bank Of India in Lake Town reaches the right place, even though there are thousands of branches in West Bengal and across India.

Format of the IFSC Code SBIN0001506

The format of the IFSC Code for banks, including State Bank Of India, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown:

• First 4 characters (AAAA): Show the bank code. For State Bank Of India, these letters represent the bank's short name.
• 5th character: Is always zero and is kept for future use.
• Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Lake Town in Kolkata.

For example, the IFSC Code SBIN0001506 of State Bank Of India for the Lake Town branch includes these elements, identifying the bank and the branch location in Kolkata and West Bengal accurately.

How to Find IFSC Code for State Bank Of India?

If you are trying to find the IFSC Code SBIN0001506 of State Bank Of India for its Lake Town branch located in Kolkata, the following methods can help:

Cheque Book

The cheque books that are issued by State Bank Of India include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.

Passbook

Most banks, including State Bank Of India branches in Kolkata and Kolkata, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

Visit the official website of State Bank Of India and find the branch locator section. Search for Lake Town or Kolkata to get the exact IFSC Code SBIN0001506.

Mobile Banking App

If you use State Bank Of India's mobile app, you can easily check your account details to find your branch's IFSC code.

RBI Website

The Reserve Bank of India maintains an updated database of all IFSC codes to help you in searching for State Bank Of India and Kolkata that will provide accurate information.

How to Use IFSC Code SBIN0001506 for Online Transfers?

Once you have the IFSC Code SBIN0001506 for the Lake Town branch of State Bank Of India in Kolkata, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0001506. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. You need the recipient's account details and State Bank Of India IFSC Code SBIN0001506.

Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for State Bank Of India Lake Town in Kolkata, it can result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of State Bank Of India in Lake Town, here are some of the ways you can get it:

• Check the bottom of your cheque leaf.
• Refer to the first page of your passbook.
• Visit the official State Bank Of India website.
• Search the RBI portal.

Knowing both IFSC and MICR code can help account holders in Kolkata manage their online transfers and cheque clearances easily.