For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of State Bank Of India for its Old Goa branch in North Goa, Old Goa, Goa, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of State Bank Of India located in North Goa or anywhere in Goa can transfer funds instantly by using the correct IFSC Code SBIN0014375. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for State Bank Of India, Old Goa, North Goa
Below in the table are the key details related to IFSC Code SBIN0014375 of State Bank Of India for its branch located in North Goa, within the district of Old Goa in the state of Goa.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0014375 |
| Branch | Old Goa |
| City | North Goa |
| District | Old Goa |
| State | Goa |
| Address | Opp Icar,Near Old Goa Petrol Pump,Llhas,Dist North Goa 403402 |
These details are important not only for users using online banking but also for businesses and individuals who use State Bank Of India in North Goa for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SBIN0014375 for the Old Goa branch of State Bank Of India is vital.
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, along with State Bank Of India located in Old Goa, North Goa, Goa, are allotted a unique IFSC like SBIN0014375 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in North Goa.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like North Goa and Old Goa.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to State Bank Of India in Old Goa reaches the right place, even though there are thousands of branches in Goa and across India.
Format of the IFSC Code SBIN0014375
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): These represent the bank code. In State Bank Of India, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Old Goa in North Goa.
For example, the IFSC Code SBIN0014375 of State Bank Of India for the Old Goa branch has these elements, identifying the bank and the branch location in North Goa and Goa correctly.
How to Find IFSC Code for State Bank Of India?
If you are trying to find the IFSC Code SBIN0014375 of State Bank Of India for its Old 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 Old Goa, 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 Old Goa or North Goa to get the exact IFSC Code SBIN0014375.
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 SBIN0014375 for Online Transfers?
Once you have the IFSC Code SBIN0014375 for the Old 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 SBIN0014375. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹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 SBIN0014375.
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 Old 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 Old 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 SBIN0014375.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Opp Icar,Near Old Goa Petrol Pump,Llhas,Dist North Goa 403402 located in North Goa, Old Goa, Goa.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.