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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Bassein Catholic Cooperative Bank Limited for its Gokhivare branch in Gokhivare, Thane, or Maharashtra, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of Bassein Catholic Cooperative Bank Limited located in Gokhivare or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BACB0000018. 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 Bassein Catholic Cooperative Bank Limited, Gokhivare, Gokhivare
Here are the main details that are associated with the IFSC Code BACB0000018 of Bassein Catholic Cooperative Bank Limited for its branch located in Gokhivare, within the district of Thane in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Bassein Catholic Cooperative Bank Limited |
| IFSC Code | BACB0000018 |
| Branch | Gokhivare |
| City | Gokhivare |
| District | Thane |
| State | Maharashtra |
| Address | Gokhivare Naka, Post : Gokhivare, Tal :Vasai, Dist : Thane, 401 208 |
These details are essential not only for online banking users but also for businesses and individuals who use Bassein Catholic Cooperative Bank Limited in Gokhivare for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BACB0000018 for the Gokhivare branch of Bassein Catholic Cooperative Bank Limited plays 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, along with Bassein Catholic Cooperative Bank Limited located in Gokhivare, Gokhivare, Maharashtra, are allotted a unique IFSC like BACB0000018 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Gokhivare.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Gokhivare and Thane.
- 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 Gokhivare reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code BACB0000018
The format of the IFSC Code for banks, including Bassein Catholic Cooperative Bank Limited, has an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For Bassein Catholic 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 Gokhivare in Gokhivare.
For example, the IFSC Code BACB0000018 of Bassein Catholic Cooperative Bank Limited for the Gokhivare branch includes these elements, identifying the bank and the branch location in Gokhivare and Maharashtra correctly.
How to Find IFSC Code for Bassein Catholic Cooperative Bank Limited?
If you are looking for the IFSC Code BACB0000018 of Bassein Catholic Cooperative Bank Limited for its Gokhivare branch located in Gokhivare, the following methods can help:
Cheque Book
The cheque book that is issued by Bassein Catholic Cooperative 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 Bassein Catholic Cooperative Bank Limited branches in Gokhivare and Thane, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of Bassein Catholic Cooperative Bank Limited and look for the branch locator section, then search for Gokhivare or Gokhivare to get the exact IFSC Code BACB0000018.
Mobile Banking App
If you use Bassein Catholic Cooperative 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 Bassein Catholic Cooperative Bank Limited and Gokhivare, then it will provide you proper information.
How to Use IFSC Code BACB0000018 for Online Transfers?
Once you have the IFSC Code BACB0000018 for the Gokhivare branch of Bassein Catholic Cooperative Bank Limited in Gokhivare, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code BACB0000018. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹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 BACB0000018.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Bassein Catholic Cooperative Bank Limited Gokhivare in Gokhivare, 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 Bassein Catholic Cooperative Bank Limited in Gokhivare, 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 Bassein Catholic Cooperative Bank Limited website.
- Search the RBI portal.
Having both the IFSC and MICR codes makes it easy for account holders in Gokhivare to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is BACB0000018.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Gokhivare Naka, Post : Gokhivare, Tal :Vasai, Dist : Thane, 401 208 located in Gokhivare, Thane, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.