IFSC Code of State Bank Of India, Mini Racpc Margao, Panaji, Goa- SBIN0064122

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 Mini Racpc Margao branch in Panaji, Panaji, 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 Panaji or anywhere in Goa can transfer funds instantly by using the correct IFSC Code SBIN0064122. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for State Bank Of India, Mini Racpc Margao, Panaji

The table below shows the main details of the IFSC Code SBIN0064122 for the State Bank Of India branch in Panaji, which falls under the Panaji district in Goa.

These details helps users in online banking and for businesses and individuals who use State Bank Of India in Panaji for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0064122 for the Mini Racpc Margao branch of State Bank Of India plays a vital role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including State Bank Of India located in Mini Racpc Margao, Panaji, Goa, is provided a unique IFSC like SBIN0064122 so that their online payments reach the right place.

The IFSC Code is important because:

• It uniquely recognizes the State Bank Of India branch in Panaji.
• Helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any confusions between multiple branches of the same bank across different places like Panaji and Panaji.
• It reduces most of the errors in fund transfers and makes sure its accuracy.
• It enables sender banks to validate and confirm branch details before processing payments.

For thousands of branches across Goa and the rest of India, the IFSC Code ensures that transactions meant for State Bank Of India in Mini Racpc Margao do not get misguided to another person.

Format of the IFSC Code SBIN0064122

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 Mini Racpc Margao in Panaji.

For example, the IFSC Code SBIN0064122 of State Bank Of India for the Mini Racpc Margao branch includes these elements, identifying the bank and the branch location in Panaji and Goa accurately.

How to Find IFSC Code for State Bank Of India?

To find the IFSC Code SBIN0064122 of State Bank Of India for its Mini Racpc Margao branch located in Panaji, the following methods can help you out:

Cheque Book

The cheque book issued by State Bank Of India includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.

Passbook

Most banks, including State Bank Of India branches in Panaji and Panaji, 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 go to the branch locator section. Then search for Mini Racpc Margao or Panaji to find the exact IFSC Code SBIN0064122.

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 maintains an updated database of all IFSC codes. Searching for State Bank Of India and Panaji will provide accurate information.

How to Use IFSC Code SBIN0064122 for Online Transfers?

Once you have the IFSC Code SBIN0064122 for the Mini Racpc Margao branch of State Bank Of India in Panaji, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0064122. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. You need the recipient's account details and State Bank Of India IFSC Code SBIN0064122.

Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for State Bank Of India Mini Racpc Margao in Panaji, it can result in delayed or failed transactions.

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 Mini Racpc Margao, 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 Panaji to handle online money transfers and get their cheques cleared smoothly.