IFSC Code of Reserve Bank of India, Panaji Branch, Goa

This page lists the IFSC code, branch address, contact number and fund-transfer information for Reserve Bank of India, PANAJI branch in PANAJI. The 11-digit IFSC RBIS0PJPA01 uniquely identifies this branch in the RBI's centralised payments network and is required for every NEFT, RTGS or IMPS transaction routed to this branch. If you are paying somebody who banks with Reserve Bank of India at the PANAJI location, this is the only IFSC you need.

We have organised this page into clearly labelled sections so you can jump straight to the part that interests you — the IFSC and MICR details, the full postal address, the contact phone number, a quick primer on NEFT, RTGS and IMPS, the typical product line-up at the branch, and a frequently asked questions section that addresses the queries people raise most often about this branch.

An IFSC (Indian Financial System Code) is an 11-character alphanumeric code issued by the Reserve Bank of India. It uniquely identifies every bank branch that participates in the RBI's electronic fund-transfer systems – NEFT, RTGS and IMPS. The first four characters represent the bank, the fifth is always a zero (reserved for future use), and the last six characters identify the specific branch.

For Reserve Bank of India's PANAJI branch, the IFSC RBIS0PJPA01 breaks down as follows: RBIS identifies the bank, 0 is the reserved character, and PJPA01 identifies this particular branch.

About Reserve Bank of India

Reserve Bank of India operates a wide network of branches across India, including the Panaji branch in Panaji. Each branch is enabled for NEFT, RTGS, IMPS and core banking, allowing customers to send and receive money anywhere in the country using a unique IFSC – in this case, RBIS0PJPA01.

Branch details at a glance

About this branch

The branch is located at GERAS IMPERIUM II 7TH FLOOR 70706 PATTO PANAJI GOA 403001. It serves the Panaji region and is connected to the bank's core banking platform, which means transactions initiated here are instantly visible across all other branches of Reserve Bank of India. The IFSC RBIS0PJPA01 is used to identify this branch on the RBI payments network.

The role of IFSC in India's payments network

India's electronic payment infrastructure — NEFT, RTGS, IMPS, UPI and the National Automated Clearing House (NACH) — is built on a single principle: every participating bank branch must be uniquely identifiable by an alphanumeric code. The Reserve Bank of India introduced the IFSC system to fulfil this requirement, and that is how Reserve Bank of India's PANAJI branch came to be assigned the code RBIS0PJPA01.

Whether you are receiving a salary on the first of the month, paying a vendor invoice, settling an EMI, or accepting a refund from an e-commerce platform, the IFSC is the silent piece of metadata that tells the network where your account lives. Without IFSC RBIS0PJPA01, money simply cannot be routed to the PANAJI branch electronically.

Products and account variants supported

Every account opened at the Panaji branch is mapped to IFSC RBIS0PJPA01 on the RBI payments network. The branch generally supports the full retail product catalogue of Reserve Bank of India, including:

• Resident savings accounts and salary accounts
• Current accounts for businesses and professionals
• Fixed deposits, recurring deposits and tax-saver deposits
• Demand drafts, banker's cheques and pay orders
• Retail loans — personal, vehicle, education, gold and home
• Credit cards and overdraft facilities (subject to eligibility)
• Third-party investment products such as mutual funds and insurance (through tie-ups)

Whichever product you choose, the IFSC for incoming credits remains RBIS0PJPA01.

Products and services

Customers walking into the Panaji branch can access most of Reserve Bank of India's standard product suite, including:

• Account opening – savings, current, NRI, salary
• Term deposits and recurring deposits
• Retail and small-business loans
• Insurance and mutual-fund tie-ups
• Locker, safe deposit and ATM card services
• Online and mobile banking activation
• Electronic transfers via IFSC RBIS0PJPA01

How to transfer money using IFSC RBIS0PJPA01

Online transfers in India are powered by three major channels — NEFT, RTGS and IMPS — and each one requires a destination IFSC. Below is a quick guide for using IFSC RBIS0PJPA01 across all three.

How to use IFSC RBIS0PJPA01 for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Reserve Bank of India's PANAJI branch. NEFT now settles on a 24x7 basis in half-hourly batches and has no upper limit for retail customers (individual banks may impose their own caps).

1. Log in to your internet banking or mobile banking app.
2. Choose Add Beneficiary and select NEFT / Other Bank.
3. Enter the beneficiary name, account number and the IFSC RBIS0PJPA01.
4. Confirm the bank name auto-populates as Reserve Bank of India and the branch as PANAJI.
5. Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.

RTGS transfers via IFSC RBIS0PJPA01

RTGS (Real-Time Gross Settlement) is the fastest high-value transfer mechanism in India. It is meant for transfers of ₹2 lakh and above and settles each transaction individually and instantly. To remit through RTGS to Reserve Bank of India – PANAJI, ensure your bank's portal accepts IFSC RBIS0PJPA01 while registering the beneficiary. RTGS is also available 24x7.

IMPS to Reserve Bank of India PANAJI (IFSC RBIS0PJPA01)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC RBIS0PJPA01 in your mobile or internet banking app, and the money is credited to the PANAJI branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to Panaji

The right transfer rail depends on how urgent the payment is, how large it is, and whether the receiving bank participates in the chosen scheme. Every option below works with the IFSC RBIS0PJPA01:

• NEFT — best for everyday transfers of any amount; settles in half-hourly batches around the clock.
• RTGS — best for transfers of ₹2 lakh and above; settles each transaction individually in real time.
• IMPS — best when speed matters more than batch scheduling; instant credit up to ₹5 lakh.
• UPI — best for small peer-to-peer payments using a VPA; the underlying account at PANAJI is still linked to IFSC RBIS0PJPA01.

For salary credits, vendor payouts and refunds, employers and merchants usually default to NEFT because of its zero per-transaction cost for retail customers and its 24x7 availability.

UPI payments and IFSC RBIS0PJPA01

UPI (Unified Payments Interface) has become the default way for individuals to send money in India. While most UPI transactions are addressed using a Virtual Payment Address (VPA) like name@bank, the underlying account at Reserve Bank of India – PANAJI is still mapped to IFSC RBIS0PJPA01. When a customer links a savings or current account to a UPI app for the first time, the app silently looks up this IFSC against the account number to verify the account exists. The VPA acts as a friendly alias on top of the same plumbing.

If a UPI transfer to or from this branch fails, the most common reasons are an inactive UPI handle, a daily limit breach or a temporary outage at one of the participating banks — not the IFSC. You can always fall back to NEFT or IMPS using the IFSC RBIS0PJPA01 and the beneficiary's account number to complete the transfer.

Online banking and IFSC RBIS0PJPA01

Reserve Bank of India customers can register for net banking and the bank's official mobile app once their account at the PANAJI branch is active. Net banking lets you view balances, download statements, open fixed deposits, request cheque books and initiate NEFT/RTGS/IMPS transfers — all without setting foot in the branch. The IFSC RBIS0PJPA01 is pre-filled by the bank for transfers originating from your own account, and you only need to enter it manually when adding an external beneficiary or sharing your account details with a third party.

MICR code & cheque clearing

Apart from IFSC, every cheque book issued by Reserve Bank of India carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC RBIS0PJPA01 and the account number together uniquely identify the Panaji branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

Common mistakes to avoid when using IFSC RBIS0PJPA01

An incorrect IFSC almost always results in a failed transfer or, worse, a credit to the wrong branch. Before you click Confirm on a transfer to Reserve Bank of India – PANAJI, double-check for these issues:

• Confusing 0 with O. The fifth character of every IFSC is the digit 0, not the letter O. Read carefully.
• Spaces or hyphens. Do not put spaces in the IFSC. It is exactly 11 characters: RBIS0PJPA01.
• Wrong branch. A bank can have dozens of branches in the same city. Make sure you are using the IFSC for the actual branch where the beneficiary holds the account, not just any nearby branch.
• Old IFSC after a merger. If two banks have merged, the IFSC may have been reissued. Always verify with a recent passbook or cheque leaf.
• Copy-paste from chat. Auto-correct on phones can silently change letters in IFSC codes. Type carefully or copy from a trusted source like the cheque book.

Reaching the branch

The Panaji branch sits at GERAS IMPERIUM II 7TH FLOOR 70706 PATTO PANAJI GOA 403001. If you are travelling from outside Panaji, search for the branch on a maps application using the bank name and locality, or call 832-2467888 to ask for landmarks. Many customers find it easier to skip the trip altogether: net banking, mobile apps, NEFT, RTGS, IMPS and UPI all work using the IFSC RBIS0PJPA01 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC RBIS0PJPA01 for Reserve Bank of India – PANAJI, you can cross-check the code from any of these sources before initiating a high-value transfer:

• The front of the cheque book issued by the branch – the IFSC is printed at the top of every leaf.
• The first page of your passbook.
• The bank's official website under the branch locator.
• The Reserve Bank of India's IFSC search portal.
• Net banking dashboards usually display the home-branch IFSC under account details.

Branch banking hours and holidays

Indian bank branches typically operate from 10:00 AM to 4:00 PM, Monday to Friday, and from 10:00 AM to 2:00 PM on working Saturdays (usually the 1st, 3rd and 5th Saturdays). The Panaji branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC RBIS0PJPA01, however, work 24x7.

Branch address & contact

Frequently asked questions

Summary

The IFSC code RBIS0PJPA01 belongs to Reserve Bank of India's PANAJI branch, located at GERAS IMPERIUM II 7TH FLOOR 70706 PATTO PANAJI GOA 403001 in PANAJI, GOA. Use this code along with the beneficiary's account number for any NEFT, RTGS or IMPS transfer to this branch. Bookmark this page for quick reference whenever you need the branch's banking details.