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 Marcela ( Goa) branch in North Goa, Marcela, Goa, 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 North Goa or anywhere in Goa can transfer funds instantly by using the correct IFSC Code SBIN0012525. 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, Marcela ( Goa), North Goa
Here are the main details that are associated with the IFSC Code SBIN0012525 of State Bank Of India for its branch located in North Goa, within the district of Marcela in the state of Goa.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0012525 |
| Branch | Marcela ( Goa) |
| City | North Goa |
| District | Marcela |
| State | Goa |
| Address | Datta Krupa ,Palang House,Main Road,Main Bazar,Marcela Goa,Distnorth Goa403107 |
These details are crucial, not just for online banking users but also for businesses and individuals who use State Bank Of India in North Goa for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0012525 for the Marcela ( Goa) 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 that is provided by the Reserve Bank of India. A unique IFSC like SBIN0012525 is given to every bank branch, including State Bank Of India located in Marcela ( Goa), North Goa, Goa, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the State Bank Of India branch in North Goa.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any kind of confusion between multiple branches of the same bank across different places like North Goa and Marcela.
- It removes errors in fund transfers and improves accuracy.
- It lets the sender banks validate and confirm branch details before they process the payments.
There are thousands of branches across Goa and the rest of India, which is why the IFSC Code ensures that transactions meant for State Bank Of India in Marcela ( Goa) doesn't end up at another location.
Format of the IFSC Code SBIN0012525
The format of the IFSC Code for banks, including State Bank Of India, follows 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 Marcela ( Goa) in North Goa.
For example, the IFSC Code SBIN0012525 of State Bank Of India for the Marcela ( Goa) branch includes these elements, identifying the bank and the branch location in North Goa and Goa accurately.
How to Find IFSC Code for State Bank Of India?
If you are trying to find the IFSC Code SBIN0012525 of State Bank Of India for its Marcela ( Goa) branch located in North Goa, the following methods can help:
Cheque Book
The cheque book issued by State Bank Of India includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
Most banks, including State Bank Of India branches in North Goa and Marcela, print the IFSC and MICR codes on the first page of your passbook.
Bank Website
Visit the official website of State Bank Of India and navigate to the branch locator section. Search for Marcela ( Goa) or North Goa to get the exact IFSC Code SBIN0012525.
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 keeps an updated list of all IFSC codes. If you search for State Bank Of India and North Goa, you'll get the correct details.
How to Use IFSC Code SBIN0012525 for Online Transfers?
Once you have the IFSC Code SBIN0012525 for the Marcela ( Goa) branch of State Bank Of India in North Goa, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code SBIN0012525. 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 SBIN0012525.
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 Marcela ( Goa) in North Goa, 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 Marcela ( Goa), 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 North Goa to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is SBIN0012525.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Datta Krupa ,Palang House,Main Road,Main Bazar,Marcela Goa,Distnorth Goa403107 located in North Goa, Marcela, Goa.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.