IFSC Code of State Bank of India, REIS MAGOS VEREM, VEREM

SBIN0005398

BankState Bank of India
IFSC CodeSBIN0005398
Branch Code005398 (last six characters of IFSC)
BranchREIS MAGOS VEREM
City / DistrictVEREM
StateGOA

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State Bank of India REIS MAGOS VEREM IFSC Code

The REIS MAGOS VEREM branch of State Bank of India located in VEREM, GOA is identified by the IFSC code SBIN0005398. This 11-character code is issued by the Reserve Bank of India (RBI) and is required for electronic fund transfers such as NEFT, RTGS, IMPS and UPI.

How to transfer money using SBIN0005398

  1. Log in to your bank’s net banking or mobile banking app.
  2. Choose the NEFT, RTGS or IMPS transfer option.
  3. Add the beneficiary with account number and branch name.
  4. Enter IFSC code SBIN0005398 to identify the REIS MAGOS VEREM branch.
  5. Enter the amount and confirm the transaction.

Difference between IFSC and MICR

AspectIFSC
Full formIndian Financial System Code
PurposeOnline money transfer (NEFT / RTGS / IMPS)
Format11-character alphanumeric
Issued byReserve Bank of India (RBI)

Frequently asked questions

What is the IFSC code of State Bank of India, REIS MAGOS VEREM?
The IFSC code is SBIN0005398.

What is the branch code?
The branch code is 005398, the last six characters of the IFSC code.