The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Abhyudaya Cooperative Bank Limited for its Nehru Nagar branch in Mumbai, Greater Mumbai, Maharashtra, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Abhyudaya Cooperative Bank Limited located in Mumbai or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code ABHY0065009. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Abhyudaya Cooperative Bank Limited, Nehru Nagar, Mumbai
Here are the main details that are associated with the IFSC Code ABHY0065009 of Abhyudaya Cooperative Bank Limited for its branch located in Mumbai, within the district of Greater Mumbai in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Abhyudaya Cooperative Bank Limited |
| IFSC Code | ABHY0065009 |
| Branch | Nehru Nagar |
| City | Mumbai |
| District | Greater Mumbai |
| State | Maharashtra |
| Address | Abhyudaya Bank Bldg., B.No.71, Nehru Nagar, Kurla (E), Mumbai-400024 |
These details help users in online banking and for businesses and individuals who use Abhyudaya Cooperative Bank Limited in Mumbai for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code ABHY0065009 for the Nehru Nagar branch of Abhyudaya Cooperative Bank Limited has a very important role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Abhyudaya Cooperative Bank Limited located in Nehru Nagar, Mumbai, Maharashtra, is provided a unique IFSC like ABHY0065009 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Abhyudaya Cooperative Bank Limited branch in Mumbai.
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Mumbai and Greater Mumbai.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Maharashtra and the rest of India, the IFSC Code ensures that transactions meant for Abhyudaya Cooperative Bank Limited in Nehru Nagar do not get misguided to another person.
Format of the IFSC Code ABHY0065009
The format of the IFSC Code for banks, including Abhyudaya Cooperative Bank Limited, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Abhyudaya Cooperative Bank Limited, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Nehru Nagar in Mumbai.
For example, the IFSC Code ABHY0065009 of Abhyudaya Cooperative Bank Limited for the Nehru Nagar branch includes these elements, identifying the bank and the branch location in Mumbai and Maharashtra accurately.
How to Find IFSC Code for Abhyudaya Cooperative Bank Limited?
If you are trying to find the IFSC Code ABHY0065009 of Abhyudaya Cooperative Bank Limited for its Nehru Nagar branch located in Mumbai, 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
You can easily find the IFSC and MICR codes because most banks, including Abhyudaya Cooperative Bank Limited branches in Mumbai and Greater Mumbai, print them 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 Nehru Nagar or Mumbai to get the exact IFSC Code ABHY0065009.
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 Mumbai, you'll get the correct details.
How to Use IFSC Code ABHY0065009 for Online Transfers?
If you have the IFSC Code ABHY0065009 for the Nehru Nagar branch of Abhyudaya Cooperative Bank Limited in Mumbai, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code ABHY0065009. 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 ABHY0065009.
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 Nehru Nagar in Mumbai, 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 Nehru Nagar, 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 Mumbai to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is ABHY0065009.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Abhyudaya Bank Bldg., B.No.71, Nehru Nagar, Kurla (E), Mumbai-400024 located in Mumbai, Greater Mumbai, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.