SBIN0005550 IFSC Code, STATE BANK OF INDIA, RAJARAM TIMBER MARKET, KOLHAPUR

IFSC Code of State Bank Of India, Rajaram Timber Market, Kolhapur, Maharashtra IFSC CODE & MICR CODE

STATE BANK OF INDIA, RAJARAM TIMBER MARKET, KOLHAPUR - SBIN0005550

  • Bank name: STATE BANK OF INDIA

Bank Address: Kalamba Road Near Race Course Naka Kolhapur Distt Kolhapur Maharashtra 416002

  • IFSC Code sbin0005550
  • Bank Code SBIN
  • Bank name STATE BANK OF INDIA
  • Bank contact number
  • Bank branch RAJARAM TIMBER MARKET, KOLHAPUR
  • Bank ISO3166 Code IN-MH
  • Bank Center KOLHAPUR
  • MICR Code 416002008
  • State name MAHARASHTRA
  • District name KOLHAPUR
  • City name KOLHAPUR
  • Swift Swift not provided
  • IMPS No
  • NEFT No
  • UPI No
  • RTGS No

What is an IFSC Code?

The Indian Financial System Code (IFSC) is an 11-character alphanumeric code used to uniquely identify a bank branch for online fund transfers. The IFSC code for STATE BANK OF INDIA, RAJARAM TIMBER MARKET, KOLHAPUR branch is SBIN0005550, ensures that your transactions are directed to the correct branch.

How to Use SBIN0005550 for Transactions?

  • NEFT: Use the IFSC code to transfer funds quickly to accounts in other banks.
  • RTGS: For high-value transactions, the IFSC code ensures your payment is processed instantly.
  • IMPS: The IFSC code allows 24/7 fund transfers, including weekends and holidays.

What is a MICR Code?

The Magnetic Ink Character Recognition (MICR) code is a 9-digit code used for processing paper-based transactions, such as cheques. For the RAJARAM TIMBER MARKET, KOLHAPUR branch, this code complements the IFSC code for efficient banking operations.

Benefits of Using the Correct IFSC Code

  • Accuracy: Ensures your funds are directed to the right branch.
  • Security: Prevents fraudulent transactions by uniquely identifying each branch.