Branch Details — SBIN0008587
| Bank Name | State Bank of India |
| Branch Name | State BANK Institute OF Learning AND Development |
| IFSC Code | SBIN0008587 |
| MICR Code | Not allotted |
| Bank Code (RBI) | SBIN |
| Branch Code | 008587 |
| Address | EDC PLOT NO 25.A, PATTO PLAZA, PANAJI, GOA |
| City | Panaji |
| District | Panaji |
| State | Goa |
| Contact | +918806668817 |
| Toll Free | 1800-11-2211 |
| NEFT | ✓ Enabled — 24×7 |
| RTGS | ✓ Enabled — 24×7 |
| IMPS | ✓ Enabled — 24×7 |
| UPI | ✓ Enabled |
Transfer Methods Using SBIN0008587
NEFT
Available 24×7 including holidays. Settled in 30-minute batches. No minimum. Use IFSC SBIN0008587.
RTGS
Available 24×7. Minimum ₹2 lakh. Real-time gross settlement. Use IFSC SBIN0008587.
IMPS
Instant 24×7, 365 days. Up to ₹5 lakh per transaction.
Frequently Asked Questions
The IFSC code is SBIN0008587. This 11-character RBI-assigned code is required for NEFT, RTGS and IMPS transfers to accounts at State Bank of India State BANK Institute OF Learning AND Development branch, Panaji, Goa.
This branch has not been allotted an MICR code in RBI records.
Address: EDC PLOT NO 25.A, PATTO PLAZA, PANAJI, GOA. Branch timings: Monday–Friday 9:30 AM – 3:30 PM, Saturday 9:30 AM – 1:30 PM (closed 2nd/4th Saturdays).
SBIN identifies State Bank of India. The 5th character 0 is reserved by RBI. The last 6 characters 008587 identify the State BANK Institute OF Learning AND Development branch.
Yes. State Bank of India State BANK Institute OF Learning AND Development Branch (IFSC: SBIN0008587) is fully enabled for NEFT, RTGS, IMPS, UPI, available 24×7 including weekends and holidays.
Log in to your bank's net banking or mobile app → Fund Transfer → Add Beneficiary → enter account number and IFSC SBIN0008587 → select NEFT/RTGS/IMPS → confirm with OTP.