IFSC Code of State Bank Of India, New Panvel East Br., Raigad, Maharashtra- SBIN0011758

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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of State Bank Of India for its New Panvel East Br. branch in Raigad, Raigad, or Maharashtra, this guide will help you with all the details.

There have been major changes in the banking sector in India and today, the customers of State Bank Of India located in Raigad or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SBIN0011758. 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, New Panvel East Br., Raigad

Below in the table are the key details related to IFSC Code SBIN0011758 of State Bank Of India for its branch located in Raigad, within the district of Raigad in the state of Maharashtra.

These details helps users in online banking and for businesses and individuals who use State Bank Of India in Raigad for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0011758 for the New Panvel East Br. 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, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with State Bank Of India located in New Panvel East Br., Raigad, Maharashtra, are allotted a unique IFSC like SBIN0011758 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It clearly tells which bank branch it is in Raigad.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It prevents confusion between different branches of the same bank in places like Raigad and Raigad.
• 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 New Panvel East Br. reaches the right place, even though there are thousands of branches in Maharashtra and across India.

Format of the IFSC Code SBIN0011758

The format of the IFSC Code for banks, including State Bank Of India, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown of this:

• First 4 characters (AAAA): Represent the bank code. For State Bank Of India, these characters are the bank's short identifier.
• 5th character (0): Always zero which is reserved for future use.
• Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as New Panvel East Br. in Raigad.

For example, the IFSC Code SBIN0011758 of State Bank Of India for the New Panvel East Br. branch includes these elements, identifying the bank and the branch location in Raigad and Maharashtra accurately.

How to Find IFSC Code for State Bank Of India?

To find the IFSC Code SBIN0011758 of State Bank Of India for its New Panvel East Br. branch located in Raigad, 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 Raigad and Raigad, 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 New Panvel East Br. or Raigad to find the exact IFSC Code SBIN0011758.

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 Raigad will provide accurate information.

How to Use IFSC Code SBIN0011758 for Online Transfers?

Once you have the IFSC Code SBIN0011758 for the New Panvel East Br. branch of State Bank Of India in Raigad, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code SBIN0011758. 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 SBIN0011758.

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 New Panvel East Br. in Raigad, 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 New Panvel East Br., 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 Raigad to handle online money transfers and get their cheques cleared smoothly.