IFSC Code of Abhyudaya Cooperative Bank Limited, Khanda Colony, Raigad, Maharashtra — ABHY0065061

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 Khanda Colony branch in Panvel, Raigad, 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 Panvel or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code ABHY0065061. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Abhyudaya Cooperative Bank Limited, Khanda Colony, Panvel

Below in the table are the key details related to IFSC Code ABHY0065061 of Abhyudaya Cooperative Bank Limited for its branch located in Panvel, within the district of Raigad in the state of Maharashtra.

These details are crucial, not just for online banking users but also for businesses and individuals who use Abhyudaya Cooperative Bank Limited in Panvel for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code ABHY0065061 for the Khanda Colony branch of Abhyudaya Cooperative Bank Limited has 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, including Abhyudaya Cooperative Bank Limited located in Khanda Colony, Panvel, Maharashtra, is provided with a unique IFSC like ABHY0065061 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It uniquely identifies the Abhyudaya Cooperative Bank Limited branch in Panvel.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any errors or confusions between multiple branches of the same bank across different places like Panvel and Raigad.
• It reduces errors in fund transfers and improves accuracy.
• It allows sender banks to validate and confirm branch details before processing payments.

There are thousands of branches across Maharashtra and the rest of India and the IFSC Code ensures that transactions meant for Abhyudaya Cooperative Bank Limited in Khanda Colony do not get mixed with another location.

Format of the IFSC Code ABHY0065061

This is the format of the IFSC Code for banks, including Abhyudaya Cooperative Bank Limited, follows an 11-character structure:

AAAA0CCCCCC

Here's the explanation:

• First 4 characters (AAAA): This is the bank code. For Abhyudaya Cooperative Bank Limited, these characters are the bank's short identifier.
• 5th character (0): This stays zero till there is any future use.
• Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Khanda Colony in Panvel.

For example, the IFSC Code ABHY0065061 of Abhyudaya Cooperative Bank Limited for the Khanda Colony branch includes these elements, identifying the bank and the branch location in Panvel and Maharashtra accurately.

How to Find IFSC Code for Abhyudaya Cooperative Bank Limited?

If you are trying to find the IFSC Code ABHY0065061 of Abhyudaya Cooperative Bank Limited for its Khanda Colony branch located in Panvel, 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 Panvel and Raigad, 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 Khanda Colony or Panvel to get the exact IFSC Code ABHY0065061.

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 Panvel, you'll get the correct details.

How to Use IFSC Code ABHY0065061 for Online Transfers?

If you have the IFSC Code ABHY0065061 for the Khanda Colony branch of Abhyudaya Cooperative Bank Limited in Panvel, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code ABHY0065061. 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 ABHY0065061.

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 Khanda Colony in Panvel, it may result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Abhyudaya Cooperative Bank Limited in Khanda Colony, you can find it by any of the following ways:

• Check the bottom of your cheque leaf.
• Go to the first page of your passbook.
• Visit the official Abhyudaya Cooperative Bank Limited website.
• Search the RBI portal.

Having both IFSC and MICR codes helps account holders in Panvel manage online transfers as well as cheque clearances with ease.