IFSC Code SBIN0010723 - State Bank Of India Mormugao Port Trust
HEADLAND SADA MPT NEW ADMINISTRATIVE BLDG GOA 403804
Quick Info
IFSC: SBIN0010723
Pincode: 403804
District: South Goa
Status: Active
About State Bank Of India Mormugao Port Trust
IFSC Code SBIN0010723 belongs to State Bank Of India Mormugao Port Trust branch located in Panaji, South Goa, Goa. This branch serves customers in Panaji, South Goa, Goa and surrounding areas.
Understanding IFSC Code SBIN0010723
The IFSC (Indian Financial System Code) SBIN0010723 is an 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to uniquely identify this specific bank branch. The code structure follows a specific format:
- First 4 characters (SBIN): Bank code identifying State Bank Of India
- 5th character (0): Reserved for future use (always 0)
- Last 6 characters (010723): Unique branch identifier for Mormugao Port Trust
Electronic Fund Transfer Services
IFSC Code SBIN0010723 is essential for all electronic fund transfers in India. This code ensures that money transfers are routed to the correct bank branch. The following payment systems use IFSC codes:
NEFT (National Electronic Funds Transfer)
Batch processing system for fund transfers. Available Yes at this branch.
Processing: Multiple batches daily, typically settles within 2 hours during banking hours.
RTGS (Real Time Gross Settlement)
Real-time fund transfer for high-value transactions (minimum ₹2 lakh). Available Yes at this branch.
Processing: Real-time settlement, typically within minutes during RTGS hours.
IMPS (Immediate Payment Service)
24/7 instant fund transfer service via mobile or internet banking. Available Yes at this branch.
Processing: Instant transfer, available 24/7 including holidays.
UPI (Unified Payments Interface)
Instant mobile payment system using UPI ID or QR code. Available Yes at this branch.
Processing: Instant transfer, available 24/7, no IFSC code needed for UPI transactions.
Branch Location and Accessibility
The State Bank Of India Mormugao Port Trust branch is located at HEADLAND SADA MPT NEW ADMINISTRATIVE BLDG GOA 403804 (Pincode: 403804) in Panaji, South Goa, Goa. This location serves customers in Panaji, South Goa, Goa and nearby areas. When initiating any electronic fund transfer to an account held at this branch, you must use IFSC Code SBIN0010723 to ensure the transaction is routed correctly.
How to Use IFSC Code SBIN0010723
When making online fund transfers to an account at this branch, you will need:
- IFSC Code: SBIN0010723 (for NEFT, RTGS, IMPS)
- Account Number: The recipient's account number
- Account Holder Name: As registered with the bank
Finding Other State Bank Of India Branches
If you're looking for other State Bank Of India branches in Panaji, South Goa, Goa or nearby areas, use our State Bank Of India branch finder. You can search by city, district, or state to find all State Bank Of India branches with their respective IFSC codes.
Branch Details
| IFSC Code: | SBIN0010723 |
| Bank Name: | State Bank Of India |
| Branch Name: | Mormugao Port Trust |
| Address: | HEADLAND SADA MPT NEW ADMINISTRATIVE BLDG GOA 403804 |
| City: | Panaji |
| District: | South Goa |
| State: | Goa |
| Pincode: | 403804 |
Payment Services Available
State Bank Of India Mormugao Port Trust Branch IFSC Code SBIN0010723 — Complete Banking Guide for Panaji, Goa
IFSC code SBIN0010723 belongs to the Mormugao Port Trust branch of State Bank Of India in Panaji, South Goa district, Goa. This 11-character code, assigned by the Reserve Bank of India, is mandatory for all digital fund transfers — NEFT, RTGS, IMPS, and UPI. Every payment initiated to an account at this branch must include IFSC SBIN0010723 to ensure accurate routing through India's centralised payment infrastructure. Providing an incorrect IFSC may delay or fail the transaction, so always verify the code before confirming any transfer.
About State Bank Of India, Mormugao Port Trust Branch
The Mormugao Port Trust branch of State Bank Of India in Panaji, Goa serves retail and corporate customers in South Goa district with a full range of banking products. Services typically include savings and current accounts, fixed and recurring deposits, personal and home loans, vehicle finance, trade finance, locker facilities, and wealth management. The branch also supports digital banking — internet banking, mobile banking, UPI, and contactless debit/credit card issuance. Its IFSC SBIN0010723 is the key identifier for all fund transfers routed to accounts at this location through RBI's payment systems.
Payment Methods Using IFSC SBIN0010723
Four primary digital payment rails use IFSC SBIN0010723 for transfers to State Bank Of India, Mormugao Port Trust: NEFT — batch-based, 48 half-hourly settlements daily, no minimum amount, ideal for regular transfers; RTGS — real-time, 24×7, minimum ₹2 lakh, used for high-value transactions; IMPS — instant, 24×7, up to ₹5 lakh, best for urgent transfers; UPI — uses Virtual Payment Address (VPA) linked to accounts at this branch, instant and zero-cost for most transactions. For each method, the sender's bank verifies IFSC SBIN0010723 against the RBI IFSC master list before processing the payment.
MICR Code and Branch Details
In addition to the IFSC, the Mormugao Port Trust branch of State Bank Of India in Panaji carries a MICR (Magnetic Ink Character Recognition) code — a 9-digit number printed on cheques that identifies the bank, city, and branch for cheque clearing through the MICR-based clearing system. While NEFT/RTGS/IMPS use the IFSC SBIN0010723 exclusively for electronic transfers, MICR remains relevant for paper-based cheque processing. Both codes are listed on this page for complete branch reference.
How to Verify IFSC SBIN0010723 Before Transferring
Before initiating any high-value transfer to IFSC SBIN0010723, verify the code through: (1) the RBI's official IFSC repository at rbi.org.in; (2) State Bank Of India's official website branch locator; (3) MahaFind's IFSC lookup — the page you are currently viewing. Cross-reference the branch address and bank name displayed here against the details provided by your recipient to confirm accuracy. A mismatch in even one character of the IFSC can reroute your transfer to a different branch entirely.
FAQs — State Bank Of India Mormugao Port Trust, Panaji IFSC
What is the IFSC of State Bank Of India Mormugao Port Trust in Panaji?
The IFSC of State Bank Of India, Mormugao Port Trust branch in Panaji, Goa is SBIN0010723. Use this for NEFT, RTGS, IMPS, and UPI transfers to any account at this branch.
What is the minimum amount for NEFT to IFSC SBIN0010723?
There is no minimum amount for NEFT transfers. You can send as little as ₹1. RTGS requires a minimum of ₹2 lakh. IMPS supports up to ₹5 lakh per transaction. All three use IFSC SBIN0010723 to route funds to State Bank Of India, Mormugao Port Trust, Panaji.
Who assigns IFSC codes like SBIN0010723?
The Reserve Bank of India (RBI) assigns all IFSC codes in India. State Bank Of India applied for the IFSC for its Mormugao Port Trust branch in Panaji, and RBI issued SBIN0010723 as the unique identifier. The complete list of valid IFSCs is maintained in RBI's IFSC master directory.
Can I use IFSC SBIN0010723 for UPI payments?
UPI payments are linked to a Virtual Payment Address (VPA) rather than an IFSC directly, but the underlying account is mapped to IFSC SBIN0010723 at State Bank Of India, Mormugao Port Trust, Panaji. When sending money via NEFT/RTGS/IMPS to this branch's account holders, always use IFSC SBIN0010723.
About IFSC Code SBIN0010723
IFSC Code SBIN0010723 belongs to State Bank Of India branch Mormugao Port Trust located in Panaji, South Goa, Goa.
Branch Information
- IFSC Code: SBIN0010723
- Bank: State Bank Of India
- Branch: Mormugao Port Trust
- Address: HEADLAND SADA MPT NEW ADMINISTRATIVE BLDG GOA 403804
- City: Panaji
- District: South Goa
- State: Goa
- Pincode: 403804
Payment Services
- NEFT: Available
- RTGS: Available
- IMPS: Available
- UPI: Available