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 Retail Assets Small Enterprises Credit Cell, Panaji branch in Aurangabad, Mumbai, Goa, 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 Aurangabad or anywhere in Goa can transfer funds instantly by using the correct IFSC Code SBIN0010290. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for State Bank Of India, Retail Assets Small Enterprises Credit Cell, Panaji, Aurangabad
Here are some of the key details that come with the IFSC Code SBIN0010290 of State Bank Of India for its branch located in Aurangabad, within the district of Mumbai in the state of Goa.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0010290 |
| Branch | Retail Assets Small Enterprises Credit Cell, Panaji |
| City | Aurangabad |
| District | Mumbai |
| State | Goa |
| Address | Ra And Se Cc Panaji Mumbai |
These details are crucial, not just for online banking users but also for businesses and individuals who use State Bank Of India in Aurangabad for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0010290 for the Retail Assets Small Enterprises Credit Cell, Panaji 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, including State Bank Of India located in Retail Assets Small Enterprises Credit Cell, Panaji, Aurangabad, Goa, is provided with a unique IFSC like SBIN0010290 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the State Bank Of India branch in Aurangabad.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Aurangabad and Mumbai.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Goa and the rest of India and the IFSC Code ensures that transactions meant for State Bank Of India in Retail Assets Small Enterprises Credit Cell, Panaji do not get mixed with another location.
Format of the IFSC Code SBIN0010290
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 Retail Assets Small Enterprises Credit Cell, Panaji in Aurangabad.
For example, the IFSC Code SBIN0010290 of State Bank Of India for the Retail Assets Small Enterprises Credit Cell, Panaji branch includes these elements, identifying the bank and the branch location in Aurangabad and Goa correctly.
How to Find IFSC Code for State Bank Of India?
If you are trying to find the IFSC Code SBIN0010290 of State Bank Of India for its Retail Assets Small Enterprises Credit Cell, Panaji branch located in Aurangabad, 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 Aurangabad and Mumbai, 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 Retail Assets Small Enterprises Credit Cell, Panaji or Aurangabad to get the exact IFSC Code SBIN0010290.
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 Aurangabad that will provide accurate information.
How to Use IFSC Code SBIN0010290 for Online Transfers?
Once you have the IFSC Code SBIN0010290 for the Retail Assets Small Enterprises Credit Cell, Panaji branch of State Bank Of India in Aurangabad, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SBIN0010290. Transfers are processed in batches. This is 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. Requires the recipient's account details and State Bank Of India IFSC Code SBIN0010290.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for State Bank Of India Retail Assets Small Enterprises Credit Cell, Panaji in Aurangabad may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of State Bank Of India in Retail Assets Small Enterprises Credit Cell, Panaji, you can find it by any of the following ways:
- Check the bottom of your cheque leaf.
- Go to the first page of your passbook.
- Visit the official State Bank Of India website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Aurangabad manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Retail Assets Small Enterprises Credit Cell, Panaji Aurangabad branch is SBIN0010290.
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 Ra And Se Cc Panaji Mumbai.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.