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 Bassein Catholic Cooperative Bank Limited for its Kelve Branch branch in Kelve, Palghar, Maharashtra, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Bassein Catholic Cooperative Bank Limited located in Kelve or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BACB0000050. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Bassein Catholic Cooperative Bank Limited, Kelve Branch, Kelve
Here are some of the key details that come with the IFSC Code BACB0000050 of Bassein Catholic Cooperative Bank Limited for its branch located in Kelve, within the district of Palghar in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Bassein Catholic Cooperative Bank Limited |
| IFSC Code | BACB0000050 |
| Branch | Kelve Branch |
| City | Kelve |
| District | Palghar |
| State | Maharashtra |
| Address | Kelwa Road (West), Grampanchayat Vaksai, Talathi Saja Kelwa Road, Post Kelve, Tal.Palghar 401 401 |
These details are essential not only for online banking users but also for businesses and individuals who use Bassein Catholic Cooperative Bank Limited in Kelve for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BACB0000050 for the Kelve Branch 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Bassein Catholic Cooperative Bank Limited located in Kelve Branch, Kelve, Maharashtra, is provided a unique IFSC like BACB0000050 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Bassein Catholic Cooperative Bank Limited branch in Kelve.
- 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 Kelve and Palghar.
- 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 Bassein Catholic Cooperative Bank Limited in Kelve Branch do not get misguided to another person.
Format of the IFSC Code BACB0000050
The format of the IFSC Code for banks, including Bassein Catholic Cooperative Bank Limited, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): These represent the bank code. In Bassein Catholic Cooperative Bank Limited, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Kelve Branch in Kelve.
For example, the IFSC Code BACB0000050 of Bassein Catholic Cooperative Bank Limited for the Kelve Branch branch has these elements, identifying the bank and the branch location in Kelve and Maharashtra correctly.
How to Find IFSC Code for Bassein Catholic Cooperative Bank Limited?
If you are trying to find the IFSC Code BACB0000050 of Bassein Catholic Cooperative Bank Limited for its Kelve Branch branch located in Kelve, the following methods can help:
Cheque Book
The cheque books that are issued by Bassein Catholic Cooperative 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 Bassein Catholic Cooperative Bank Limited branches in Kelve and Palghar, 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 find the branch locator section. Search for Kelve Branch or Kelve to get the exact IFSC Code BACB0000050.
Mobile Banking App
If you use Bassein Catholic Cooperative 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 Bassein Catholic Cooperative Bank Limited and Kelve that will provide accurate information.
How to Use IFSC Code BACB0000050 for Online Transfers?
Once you have the IFSC Code BACB0000050 for the Kelve Branch branch of Bassein Catholic Cooperative Bank Limited in Kelve, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code BACB0000050. 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 BACB0000050.
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 Kelve Branch in Kelve, 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 Kelve Branch, 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 Kelve to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Kelve Branch Kelve branch is BACB0000050.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Kelwa Road (West), Grampanchayat Vaksai, Talathi Saja Kelwa Road, Post Kelve, Tal.Palghar 401 401.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.