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 Apna Sahakari Bank Limited for its New Panvel branch in Raigad, Panvel, Maharashtra, then this guide will give you detailed information.

The banking system has evolved significantly in India, and today the customers of Apna Sahakari Bank Limited located in Raigad or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code ASBL0000021. 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 Apna Sahakari Bank Limited, New Panvel, Raigad

Here are the main details that are associated with the IFSC Code ASBL0000021 of Apna Sahakari Bank Limited for its branch located in Raigad, within the district of Panvel in the state of Maharashtra.

Particulars Details
Bank Apna Sahakari Bank Limited
IFSC Code ASBL0000021
Branch New Panvel
City Raigad
District Panvel
State Maharashtra
Address Shantiniketan Public School,Plot No.27, Sector No.2, New Panvel, Navi Mumbai-400706

These details are crucial, not just for online banking users but also for businesses and individuals who use Apna Sahakari Bank Limited in Raigad for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code ASBL0000021 for the New Panvel branch of Apna Sahakari Bank Limited has an 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 Apna Sahakari Bank Limited located in New Panvel, Raigad, Maharashtra, is provided a unique IFSC like ASBL0000021 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 Raigad.
  • 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 Raigad and Panvel.
  • 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 New Panvel do not get misguided to another person.

Format of the IFSC Code ASBL0000021

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

AAAA0CCCCCC

Here's the breakdown:

  • First 4 characters (AAAA): Show the bank code. For Apna Sahakari 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 New Panvel in Raigad.

For example, the IFSC Code ASBL0000021 of Apna Sahakari Bank Limited for the New Panvel branch includes these elements, identifying the bank and the branch location in Raigad and Maharashtra accurately.

How to Find IFSC Code for Apna Sahakari Bank Limited?

If you are looking for the IFSC Code ASBL0000021 of Apna Sahakari Bank Limited for its New Panvel branch located in Raigad, the following methods can help:

Cheque Book

The cheque book that is issued by Apna Sahakari Bank Limited includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.

Passbook

Most of the banks, including Apna Sahakari Bank Limited branches in Raigad and Panvel, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

You can visit the official website of Apna Sahakari Bank Limited and look for the branch locator section, then search for New Panvel or Raigad to get the exact IFSC Code ASBL0000021.

Mobile Banking App

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

RBI Website

The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Apna Sahakari Bank Limited and Raigad, then it will provide you proper information.

How to Use IFSC Code ASBL0000021 for Online Transfers?

Once you have the IFSC Code ASBL0000021 for the New Panvel branch of Apna Sahakari Bank Limited in Raigad, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code ASBL0000021. The transfer is completed in batches instead of instantly. It is useful for both 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. Requires the recipient's account details and Apna Sahakari Bank Limited IFSC Code ASBL0000021.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Apna Sahakari Bank Limited New Panvel in Raigad, your payment can get delayed or might not go through at all.

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 New Panvel, 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 Apna Sahakari Bank Limited website.
  • Search the RBI portal.

If you know both IFSC and MICR codes, then it can help account holders in Raigad manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Apna Sahakari Bank Limited in New Panvel, Raigad?

The IFSC Code is ASBL0000021.

Is the IFSC Code ASBL0000021 permanent?

Yes, but it can change during merging or restructuring of the bank.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and IFSC is for online transfers.

Where can I find the IFSC Code of Apna Sahakari Bank Limited New Panvel?

You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.

What is the full address of the New Panvel branch?

The address of the branch is Shantiniketan Public School,Plot No.27, Sector No.2, New Panvel, Navi Mumbai-400706 located in Raigad, Panvel, 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.