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 Bassein Catholic Cooperative Bank Limited for its Ahmednagar Branch branch in Ahmednagar, Ahmednagar, 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 Bassein Catholic Cooperative Bank Limited situated in Ahmednagar or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code BACB0000123. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Bassein Catholic Cooperative Bank Limited, Ahmednagar Branch, Ahmednagar
Below in the table are the key details related to IFSC Code BACB0000123 of Bassein Catholic Cooperative Bank Limited for its branch located in Ahmednagar, within the district of Ahmednagar in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Bassein Catholic Cooperative Bank Limited |
| IFSC Code | BACB0000123 |
| Branch | Ahmednagar Branch |
| City | Ahmednagar |
| District | Ahmednagar |
| State | Maharashtra |
| Address | Commercial Office No. 101,109 And 110, First Floor, Sai Midas Touch, T. P. Scheme No. 4, Savedi Road, Ahmednagar 414003 |
These details are important not only for users using online banking but also for businesses and individuals who use Bassein Catholic Cooperative Bank Limited in Ahmednagar for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code BACB0000123 for the Ahmednagar Branch branch of Bassein Catholic Cooperative Bank Limited is vital.
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 Bassein Catholic Cooperative Bank Limited located in Ahmednagar Branch, Ahmednagar, Maharashtra, are allotted a unique IFSC like BACB0000123 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Ahmednagar.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Ahmednagar and Ahmednagar.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Bassein Catholic Cooperative Bank Limited in Ahmednagar Branch reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code BACB0000123
The format of the IFSC Code for banks, including Bassein Catholic Cooperative Bank Limited, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Bassein Catholic Cooperative Bank Limited, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Ahmednagar Branch in Ahmednagar.
For example, the IFSC Code BACB0000123 of Bassein Catholic Cooperative Bank Limited for the Ahmednagar Branch branch includes these elements, identifying the bank and the branch location in Ahmednagar and Maharashtra accurately.
How to Find IFSC Code for Bassein Catholic Cooperative Bank Limited?
To find the IFSC Code BACB0000123 of Bassein Catholic Cooperative Bank Limited for its Ahmednagar Branch branch located in Ahmednagar, the following methods can help you out:
Cheque Book
The cheque book issued by Bassein Catholic Cooperative Bank Limited includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Bassein Catholic Cooperative Bank Limited branches in Ahmednagar and Ahmednagar, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Bassein Catholic Cooperative Bank Limited and go to the branch locator section. Then search for Ahmednagar Branch or Ahmednagar to find the exact IFSC Code BACB0000123.
Mobile Banking App
If you use Bassein Catholic 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 maintains an updated database of all IFSC codes. Searching for Bassein Catholic Cooperative Bank Limited and Ahmednagar will provide accurate information.
How to Use IFSC Code BACB0000123 for Online Transfers?
Once you have the IFSC Code BACB0000123 for the Ahmednagar Branch branch of Bassein Catholic Cooperative Bank Limited in Ahmednagar, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BACB0000123. Transfers are processed in batches. This is 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. Requires the recipient's account details and Bassein Catholic Cooperative Bank Limited IFSC Code BACB0000123.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Bassein Catholic Cooperative Bank Limited Ahmednagar Branch in Ahmednagar may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Bassein Catholic Cooperative Bank Limited in Ahmednagar Branch, here are some of the ways you can get it:
- Check the bottom of your cheque leaf.
- Refer to the first page of your passbook.
- Visit the official Bassein Catholic Cooperative Bank Limited website.
- Search the RBI portal.
Knowing both IFSC and MICR code can help account holders in Ahmednagar manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is BACB0000123.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Commercial Office No. 101,109 And 110, First Floor, Sai Midas Touch, T. P. Scheme No. 4, Savedi Road, Ahmednagar 414003 located in Ahmednagar, Ahmednagar, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.