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 Madam Cama Road branch in East Garo Hills, Mumbai, Maharashtra, 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 East Garo Hills or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SBIN0008586. 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, Madam Cama Road, East Garo Hills
Here are the key points that are associated with the IFSC Code SBIN0008586 of State Bank Of India for its branch located in East Garo Hills, within the district of Mumbai in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0008586 |
| Branch | Madam Cama Road |
| City | East Garo Hills |
| District | Mumbai |
| State | Maharashtra |
| Address | Distbrihan Mumbai Maharashtra 400021 |
These details are essential not only for online banking users but also for businesses and individuals who use State Bank Of India in East Garo Hills for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0008586 for the Madam Cama Road branch of State Bank Of India plays 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 Madam Cama Road, East Garo Hills, Maharashtra, is provided with a unique IFSC like SBIN0008586 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 East Garo Hills.
- 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 East Garo Hills 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 Maharashtra and the rest of India and the IFSC Code ensures that transactions meant for State Bank Of India in Madam Cama Road do not get mixed with another location.
Format of the IFSC Code SBIN0008586
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 Madam Cama Road in East Garo Hills.
For example, the IFSC Code SBIN0008586 of State Bank Of India for the Madam Cama Road branch includes these elements, identifying the bank and the branch location in East Garo Hills and Maharashtra accurately.
How to Find IFSC Code for State Bank Of India?
If you are looking for the IFSC Code SBIN0008586 of State Bank Of India for its Madam Cama Road branch located in East Garo Hills, the following methods can help:
Cheque Book
The cheque book that is issued by State Bank Of India includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including State Bank Of India branches in East Garo Hills and Mumbai, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of State Bank Of India and look for the branch locator section, then search for Madam Cama Road or East Garo Hills to get the exact IFSC Code SBIN0008586.
Mobile Banking App
If you use State Bank Of India's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for State Bank Of India and East Garo Hills, then it will provide you proper information.
How to Use IFSC Code SBIN0008586 for Online Transfers?
Once you have the IFSC Code SBIN0008586 for the Madam Cama Road branch of State Bank Of India in East Garo Hills, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code SBIN0008586. The transfer is completed in batches instead of instantly. It is useful for both 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 SBIN0008586.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the State Bank Of India Madam Cama Road in East Garo Hills, your payment can get delayed or might not go through at all.
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 Madam Cama Road, 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 East Garo Hills to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is SBIN0008586.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Distbrihan Mumbai Maharashtra 400021 located in East Garo Hills, Mumbai, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.