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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Abhyudaya Cooperative Bank Limited for its Sherly Rajan branch in Mumbai, Greater Mumbai, Maharashtra, then this guide will give you detailed information.

The banking system has evolved significantly in India, and today the customers of Abhyudaya Cooperative Bank Limited located in Mumbai or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code ABHY0065028. 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, Sherly Rajan, Mumbai

Below in the table are the key details related to IFSC Code ABHY0065028 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 ABHY0065028
Branch Sherly Rajan
City Mumbai
District Greater Mumbai
State Maharashtra
Address Khair House, Sherly Rajan Rd, Bandra (West), Mumbai-400050

These details are essential not only for online banking users but also for businesses and individuals who use Abhyudaya Cooperative Bank Limited in Mumbai for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code ABHY0065028 for the Sherly Rajan 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 Sherly Rajan, Mumbai, Maharashtra, are given a unique IFSC like ABHY0065028 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Mumbai.
  • 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 Mumbai and Greater Mumbai.
  • 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 Sherly Rajan 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 ABHY0065028

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 Sherly Rajan in Mumbai.

For example, the IFSC Code ABHY0065028 of Abhyudaya Cooperative Bank Limited for the Sherly Rajan branch includes these elements, identifying the bank and the branch location in Mumbai and Maharashtra correctly.

How to Find IFSC Code for Abhyudaya Cooperative Bank Limited?

If you are trying to find the IFSC Code ABHY0065028 of Abhyudaya Cooperative Bank Limited for its Sherly Rajan branch located in Mumbai, the following methods can help:

Cheque Book

The cheque books that are issued by Abhyudaya Cooperative Bank Limited include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.

Passbook

Most banks, including Abhyudaya Cooperative Bank Limited branches in Mumbai and Greater Mumbai, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

Visit the official website of Abhyudaya Cooperative Bank Limited and find the branch locator section. Search for Sherly Rajan or Mumbai to get the exact IFSC Code ABHY0065028.

Mobile Banking App

If you use Abhyudaya Cooperative Bank Limited's mobile app, you can easily check your account details to find your branch's IFSC code.

RBI Website

The Reserve Bank of India maintains an updated database of all IFSC codes to help you in searching for Abhyudaya Cooperative Bank Limited and Mumbai that will provide accurate information.

How to Use IFSC Code ABHY0065028 for Online Transfers?

Once you have the IFSC Code ABHY0065028 for the Sherly Rajan branch of Abhyudaya Cooperative Bank Limited in Mumbai, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code ABHY0065028. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. You need the recipient's account details and Abhyudaya Cooperative Bank Limited IFSC Code ABHY0065028.

Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Abhyudaya Cooperative Bank Limited Sherly Rajan in Mumbai, it can 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 Sherly Rajan, 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 Mumbai manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Abhyudaya Cooperative Bank Limited Sherly Rajan Mumbai?

The IFSC Code of the Sherly Rajan Mumbai branch is ABHY0065028.

Is IFSC Code ABHY0065028 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the Abhyudaya Cooperative Bank Limited Sherly Rajan branch?

The branch is located at Khair House, Sherly Rajan Rd, Bandra (West), Mumbai-400050.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.

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