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 Turbhe branch in Mumbai, Greater Mumbai, 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 Mumbai or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code ABHY0065015. 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, Turbhe, Mumbai
Below in the table are the key details related to IFSC Code ABHY0065015 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 | ABHY0065015 |
| Branch | Turbhe |
| City | Mumbai |
| District | Greater Mumbai |
| State | Maharashtra |
| Address | A.P.M.C.Market, Administrative Bldg, Turbhe, Navi Mumbai-400705 |
These details are important not only for users using online banking but also for businesses and individuals who use Abhyudaya Cooperative Bank Limited in Mumbai for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code ABHY0065015 for the Turbhe branch of Abhyudaya Cooperative Bank Limited is vital.
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 Turbhe, Mumbai, Maharashtra, is provided a unique IFSC like ABHY0065015 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 Turbhe do not get misguided to another person.
Format of the IFSC Code ABHY0065015
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 Turbhe in Mumbai.
For example, the IFSC Code ABHY0065015 of Abhyudaya Cooperative Bank Limited for the Turbhe 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 ABHY0065015 of Abhyudaya Cooperative Bank Limited for its Turbhe 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 Turbhe or Mumbai to get the exact IFSC Code ABHY0065015.
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 ABHY0065015 for Online Transfers?
If you have the IFSC Code ABHY0065015 for the Turbhe 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 ABHY0065015. 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 ABHY0065015.
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 Turbhe 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 Turbhe, 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)
The IFSC Code is ABHY0065015.
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 A.P.M.C.Market, Administrative Bldg, Turbhe, Navi Mumbai-400705 located in Mumbai, Greater Mumbai, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.