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 Bassein Catholic Cooperative Bank Limited for its Pune branch in Pune, Pune, 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 Bassein Catholic Cooperative Bank Limited located in Pune or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BACB0000111. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Bassein Catholic Cooperative Bank Limited, Pune, Pune
Here are the main details that are associated with the IFSC Code BACB0000111 of Bassein Catholic Cooperative Bank Limited for its branch located in Pune, within the district of Pune in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Bassein Catholic Cooperative Bank Limited |
| IFSC Code | BACB0000111 |
| Branch | Pune |
| City | Pune |
| District | Pune |
| State | Maharashtra |
| Address | Jai Ganesh Vision B Building, Fame Ganesh Multiplex, Akurdi, Pune 411035 |
These details help users in online banking and for businesses and individuals who use Bassein Catholic Cooperative Bank Limited in Pune for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BACB0000111 for the Pune branch of Bassein Catholic Cooperative Bank Limited has a very 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, including Bassein Catholic Cooperative Bank Limited located in Pune, Pune, Maharashtra, is provided with a unique IFSC like BACB0000111 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Bassein Catholic Cooperative Bank Limited branch in Pune.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Pune and Pune.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Maharashtra and the rest of India and the IFSC Code ensures that transactions meant for Bassein Catholic Cooperative Bank Limited in Pune do not get mixed with another location.
Format of the IFSC Code BACB0000111
This is the format of the IFSC Code for banks, including Bassein Catholic Cooperative Bank Limited, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For Bassein Catholic Cooperative 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 Pune in Pune.
For example, the IFSC Code BACB0000111 of Bassein Catholic Cooperative Bank Limited for the Pune branch includes these elements, identifying the bank and the branch location in Pune and Maharashtra accurately.
How to Find IFSC Code for Bassein Catholic Cooperative Bank Limited?
If you are trying to find the IFSC Code BACB0000111 of Bassein Catholic Cooperative Bank Limited for its Pune branch located in Pune, the following methods can help:
Cheque Book
The cheque book issued by Bassein Catholic Cooperative Bank Limited includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
You can easily find the IFSC and MICR codes because most banks, including Bassein Catholic Cooperative Bank Limited branches in Pune and Pune, print them on the first page of your passbook.
Bank Website
Visit the official website of Bassein Catholic Cooperative Bank Limited and navigate to the branch locator section. Search for Pune or Pune to get the exact IFSC Code BACB0000111.
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 keeps an updated list of all IFSC codes. If you search for Bassein Catholic Cooperative Bank Limited and Pune, you'll get the correct details.
How to Use IFSC Code BACB0000111 for Online Transfers?
Once you have the IFSC Code BACB0000111 for the Pune branch of Bassein Catholic Cooperative Bank Limited in Pune, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code BACB0000111. 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 Bassein Catholic Cooperative Bank Limited IFSC Code BACB0000111.
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 Pune in Pune, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Bassein Catholic Cooperative Bank Limited in Pune, you can find it by any of the following ways:
- Check the bottom of your cheque leaf.
- Go to the first page of your passbook.
- Visit the official Bassein Catholic Cooperative Bank Limited website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Pune manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is BACB0000111.
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 Jai Ganesh Vision B Building, Fame Ganesh Multiplex, Akurdi, Pune 411035 located in Pune, Pune, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.