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 Salt Lake 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 SBIN0001612. 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, Salt Lake, Kolkata
Below in the table are the key details related to IFSC Code SBIN0001612 of State Bank Of India for its branch located in Kolkata, within the district of Kolkata in the state of West Bengal.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0001612 |
| Branch | Salt Lake |
| City | Kolkata |
| District | Kolkata |
| State | West Bengal |
| Address | Db-2, Sector-I, Salt Lake City, Dist North 24 Parganas, West Bengal 700064 |
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 SBIN0001612 for the Salt Lake 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including State Bank Of India located in Salt Lake, Kolkata, West Bengal, is provided a unique IFSC like SBIN0001612 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the State Bank Of India branch in Kolkata.
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Kolkata and Kolkata.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across West Bengal and the rest of India, the IFSC Code ensures that transactions meant for State Bank Of India in Salt Lake do not get misguided to another person.
Format of the IFSC Code SBIN0001612
This is the format of the IFSC Code for banks, including State Bank Of India, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For State Bank Of India, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Salt Lake in Kolkata.
For example, the IFSC Code SBIN0001612 of State Bank Of India for the Salt Lake 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?
To find the IFSC Code SBIN0001612 of State Bank Of India for its Salt Lake branch located in Kolkata, the following methods can help you out:
Cheque Book
The cheque book issued by State Bank Of India includes the IFSC Code printed on each cheque leaf. 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 go to the branch locator section. Then search for Salt Lake or Kolkata to find the exact IFSC Code SBIN0001612.
Mobile Banking App
If you use State Bank Of India's mobile app, you can 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. Searching for State Bank Of India and Kolkata will provide accurate information.
How to Use IFSC Code SBIN0001612 for Online Transfers?
If you have the IFSC Code SBIN0001612 for the Salt Lake branch of State Bank Of India in Kolkata, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SBIN0001612. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for high-value payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. Asks for the recipient's account details and State Bank Of India IFSC Code SBIN0001612.
Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for State Bank Of India Salt Lake in Kolkata, it may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of State Bank Of India in Salt Lake, here are some ways that 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.
If you know both IFSC and MICR codes, then it can help account holders in Kolkata manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Salt Lake Kolkata branch is SBIN0001612.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Db-2, Sector-I, Salt Lake City, Dist North 24 Parganas, West Bengal 700064.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.