Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Abhyudaya Cooperative Bank Limited for its Kankavli branch in Kankavli, Sindhudurg, or Maharashtra, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of Abhyudaya Cooperative Bank Limited located in Kankavli or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code ABHY0065114. You should definitely 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, Kankavli, Kankavli
Here are some of the key details that come with the IFSC Code ABHY0065114 of Abhyudaya Cooperative Bank Limited for its branch located in Kankavli, within the district of Sindhudurg in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Abhyudaya Cooperative Bank Limited |
| IFSC Code | ABHY0065114 |
| Branch | Kankavli |
| City | Kankavli |
| District | Sindhudurg |
| State | Maharashtra |
| Address | 3/16, A-1-B, Ground Floor, Hissa No.29, Survey No.204, Mumabai Goa Highway, At And Post - Kankavli, Dist - Sindhudurg 416602 |
These details are essential not only for online banking users but also for businesses and individuals who use Abhyudaya Cooperative Bank Limited in Kankavli for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code ABHY0065114 for the Kankavli branch of Abhyudaya Cooperative Bank Limited plays an important role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with Abhyudaya Cooperative Bank Limited located in Kankavli, Kankavli, Maharashtra, are given a unique IFSC like ABHY0065114 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Kankavli.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Kankavli and Sindhudurg.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to Abhyudaya Cooperative Bank Limited in Kankavli goes to the correct branch. This is important because Abhyudaya Cooperative Bank Limited has thousands of branches in Maharashtra and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code ABHY0065114
The format of the IFSC Code for banks, including Abhyudaya Cooperative Bank Limited, has 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 Kankavli in Kankavli.
For example, the IFSC Code ABHY0065114 of Abhyudaya Cooperative Bank Limited for the Kankavli branch includes these elements, identifying the bank and the branch location in Kankavli and Maharashtra correctly.
How to Find IFSC Code for Abhyudaya Cooperative Bank Limited?
If you are looking for the IFSC Code ABHY0065114 of Abhyudaya Cooperative Bank Limited for its Kankavli branch located in Kankavli, the following methods can help:
Cheque Book
The cheque book that is issued by Abhyudaya Cooperative Bank Limited includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including Abhyudaya Cooperative Bank Limited branches in Kankavli and Sindhudurg, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of Abhyudaya Cooperative Bank Limited and look for the branch locator section, then search for Kankavli or Kankavli to get the exact IFSC Code ABHY0065114.
Mobile Banking App
If you use Abhyudaya Cooperative Bank Limited's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Abhyudaya Cooperative Bank Limited and Kankavli, then it will provide you proper information.
How to Use IFSC Code ABHY0065114 for Online Transfers?
If you have the IFSC Code ABHY0065114 for the Kankavli branch of Abhyudaya Cooperative Bank Limited in Kankavli, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code ABHY0065114. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for high-value payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. Asks for the recipient's account details and Abhyudaya Cooperative Bank Limited IFSC Code ABHY0065114.
Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Abhyudaya Cooperative Bank Limited Kankavli in Kankavli, it may result in delayed or failed transactions.
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 Kankavli, here are some ways that you can get 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.
If you know both IFSC and MICR codes, then it can help account holders in Kankavli manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is ABHY0065114.
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 3/16, A-1-B, Ground Floor, Hissa No.29, Survey No.204, Mumabai Goa Highway, At And Post - Kankavli, Dist - Sindhudurg 416602 located in Kankavli, Sindhudurg, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.