For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Apna Sahakari Bank Limited for its Parel Main branch in Greater Bombay, Mumbai, Maharashtra, this comprehensive guide will provide you with detailed information.

The banking system in India has changed significantly over the years, and today customers of Apna Sahakari Bank Limited located in Greater Bombay or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code ASBL0000015. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Apna Sahakari Bank Limited, Parel Main, Greater Bombay

Here are the main details that are associated with the IFSC Code ASBL0000015 of Apna Sahakari Bank Limited for its branch located in Greater Bombay, within the district of Mumbai in the state of Maharashtra.

Particulars Details
Bank Apna Sahakari Bank Limited
IFSC Code ASBL0000015
Branch Parel Main
City Greater Bombay
District Mumbai
State Maharashtra
Address Apna Bank Bhavan, Dr.S.Srao Road,Parel, Mumbai 400012.

These details are important not only for users using online banking but also for businesses and individuals who use Apna Sahakari Bank Limited in Greater Bombay for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code ASBL0000015 for the Parel Main branch of Apna Sahakari 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 Apna Sahakari Bank Limited located in Parel Main, Greater Bombay, Maharashtra, is provided a unique IFSC like ASBL0000015 so that their online payments reach the right place.

The IFSC Code is important because:

  • It uniquely recognizes the Apna Sahakari Bank Limited branch in Greater Bombay.
  • 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 Greater Bombay and 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 Apna Sahakari Bank Limited in Parel Main do not get misguided to another person.

Format of the IFSC Code ASBL0000015

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

AAAA0CCCCCC

Here's the explanation:

  • First 4 characters (AAAA): This is the bank code. For Apna Sahakari 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 Parel Main in Greater Bombay.

For example, the IFSC Code ASBL0000015 of Apna Sahakari Bank Limited for the Parel Main branch includes these elements, identifying the bank and the branch location in Greater Bombay and Maharashtra accurately.

How to Find IFSC Code for Apna Sahakari Bank Limited?

If you are trying to find the IFSC Code ASBL0000015 of Apna Sahakari Bank Limited for its Parel Main branch located in Greater Bombay, the following methods can help:

Cheque Book

The cheque books that are issued by Apna Sahakari 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 Apna Sahakari Bank Limited branches in Greater Bombay and Mumbai, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

Visit the official website of Apna Sahakari Bank Limited and find the branch locator section. Search for Parel Main or Greater Bombay to get the exact IFSC Code ASBL0000015.

Mobile Banking App

If you use Apna Sahakari 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 Apna Sahakari Bank Limited and Greater Bombay that will provide accurate information.

How to Use IFSC Code ASBL0000015 for Online Transfers?

If you have the IFSC Code ASBL0000015 for the Parel Main branch of Apna Sahakari Bank Limited in Greater Bombay, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code ASBL0000015. 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 Apna Sahakari Bank Limited IFSC Code ASBL0000015.

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 Apna Sahakari Bank Limited Parel Main in Greater Bombay, 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 Apna Sahakari Bank Limited in Parel Main, 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 Apna Sahakari Bank Limited website.
  • Search the RBI portal.

Having both the IFSC and MICR codes makes it easy for account holders in Greater Bombay to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Apna Sahakari Bank Limited in Parel Main, Greater Bombay?

The IFSC Code is ASBL0000015.

Is the IFSC Code ASBL0000015 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of Apna Sahakari Bank Limited Parel Main?

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Parel Main branch?

The address of the branch is Apna Bank Bhavan, Dr.S.Srao Road,Parel, Mumbai 400012. located in Greater Bombay, Mumbai, Maharashtra.

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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