There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Abhyudaya Cooperative Bank Limited for its Garkheda branch in Aurangabad, Aurangabad, Maharashtra, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of Abhyudaya Cooperative Bank Limited situated in Aurangabad or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code ABHY0065119. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Abhyudaya Cooperative Bank Limited, Garkheda, Aurangabad
Below in the table are the key details related to IFSC Code ABHY0065119 of Abhyudaya Cooperative Bank Limited for its branch located in Aurangabad, within the district of Aurangabad in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Abhyudaya Cooperative Bank Limited |
| IFSC Code | ABHY0065119 |
| Branch | Garkheda |
| City | Aurangabad |
| District | Aurangabad |
| State | Maharashtra |
| Address | Shop No.1 & 2, Malani Chambers, Plot No.5, Shivaji Nagar Road, Garkheda, Aurangabad 431005 |
These details are important not only for users using online banking but also for businesses and individuals who use Abhyudaya Cooperative Bank Limited in Aurangabad for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code ABHY0065119 for the Garkheda branch of Abhyudaya Cooperative Bank Limited is vital.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like ABHY0065119 is given to every bank branch, including Abhyudaya Cooperative Bank Limited located in Garkheda, Aurangabad, Maharashtra, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Abhyudaya Cooperative Bank Limited branch in Aurangabad.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any kind of confusion between multiple branches of the same bank across different places like Aurangabad and Aurangabad.
- It removes errors in fund transfers and improves accuracy.
- It lets the sender banks validate and confirm branch details before they process the payments.
There are thousands of branches across Maharashtra and the rest of India, which is why the IFSC Code ensures that transactions meant for Abhyudaya Cooperative Bank Limited in Garkheda doesn't end up at another location.
Format of the IFSC Code ABHY0065119
The format of the IFSC Code for banks, including Abhyudaya Cooperative Bank Limited, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For Abhyudaya Cooperative Bank Limited, these letters represent the bank's short name.
- 5th character: Is always zero and is kept for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Garkheda in Aurangabad.
For example, the IFSC Code ABHY0065119 of Abhyudaya Cooperative Bank Limited for the Garkheda branch includes these elements, identifying the bank and the branch location in Aurangabad and Maharashtra accurately.
How to Find IFSC Code for Abhyudaya Cooperative Bank Limited?
If you are trying to find the IFSC Code ABHY0065119 of Abhyudaya Cooperative Bank Limited for its Garkheda branch located in Aurangabad, the following methods can help:
Cheque Book
The cheque book issued by Abhyudaya Cooperative Bank Limited includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
Most banks, including Abhyudaya Cooperative Bank Limited branches in Aurangabad and Aurangabad, print the IFSC and MICR codes on the first page of your passbook.
Bank Website
Visit the official website of Abhyudaya Cooperative Bank Limited and navigate to the branch locator section. Search for Garkheda or Aurangabad to get the exact IFSC Code ABHY0065119.
Mobile Banking App
If you use Abhyudaya Cooperative Bank Limited's mobile app, you can check your account details to find your branch's IFSC code.
RBI Website
The Reserve Bank of India keeps an updated list of all IFSC codes. If you search for Abhyudaya Cooperative Bank Limited and Aurangabad, you'll get the correct details.
How to Use IFSC Code ABHY0065119 for Online Transfers?
Once you have the IFSC Code ABHY0065119 for the Garkheda branch of Abhyudaya Cooperative Bank Limited in Aurangabad, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code ABHY0065119. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹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 Abhyudaya Cooperative Bank Limited IFSC Code ABHY0065119.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Abhyudaya Cooperative Bank Limited Garkheda in Aurangabad, 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 Abhyudaya Cooperative Bank Limited in Garkheda, 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 Abhyudaya Cooperative Bank Limited website.
- Search the RBI portal.
Having both the IFSC and MICR codes makes it easy for account holders in Aurangabad to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is ABHY0065119.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Shop No.1 & 2, Malani Chambers, Plot No.5, Shivaji Nagar Road, Garkheda, Aurangabad 431005 located in Aurangabad, Aurangabad, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.