IFSC Code of State Bank Of India, Kannanalloor, Kollam, Kerala — SBIN0071121

The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of State Bank Of India for its Kannanalloor branch in Kollam, Kollam, Kerala, this complete guide will provide you with detailed information.

The banking system in India has changed over the years, and today customers of State Bank Of India located in Kollam or anywhere in Kerala can transfer funds instantly by using the correct IFSC Code SBIN0071121. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for State Bank Of India, Kannanalloor, Kollam

Here are some of the key details that come with the IFSC Code SBIN0071121 of State Bank Of India for its branch located in Kollam, within the district of Kollam in the state of Kerala.

These details helps users in online banking and for businesses and individuals who use State Bank Of India in Kollam for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0071121 for the Kannanalloor branch of State Bank Of India plays a vital 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 Kannanalloor, Kollam, Kerala, is provided a unique IFSC like SBIN0071121 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 Kollam.
• 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 Kollam and Kollam.
• 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 Kerala and the rest of India, the IFSC Code ensures that transactions meant for State Bank Of India in Kannanalloor do not get misguided to another person.

Format of the IFSC Code SBIN0071121

The format of the IFSC Code for banks, including State Bank Of India, has 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 Kannanalloor in Kollam.

For example, the IFSC Code SBIN0071121 of State Bank Of India for the Kannanalloor branch includes these elements, identifying the bank and the branch location in Kollam and Kerala correctly.

How to Find IFSC Code for State Bank Of India?

To find the IFSC Code SBIN0071121 of State Bank Of India for its Kannanalloor branch located in Kollam, 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 Kollam and Kollam, 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 Kannanalloor or Kollam to find the exact IFSC Code SBIN0071121.

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 Kollam will provide accurate information.

How to Use IFSC Code SBIN0071121 for Online Transfers?

If you have the IFSC Code SBIN0071121 for the Kannanalloor branch of State Bank Of India in Kollam, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0071121. 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 SBIN0071121.

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 Kannanalloor in Kollam, 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 Kannanalloor, here are some ways to obtain 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.

Having both the IFSC and MICR codes makes it easy for account holders in Kollam to handle online money transfers and get their cheques cleared smoothly.