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 Saphale East branch in Saphale, Palghar, 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 Saphale or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BACB0000038. 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, Saphale East, Saphale
The table below shows the main details of the IFSC Code BACB0000038 for the Bassein Catholic Cooperative Bank Limited branch in Saphale, which falls under the Palghar district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Bassein Catholic Cooperative Bank Limited |
| IFSC Code | BACB0000038 |
| Branch | Saphale East |
| City | Saphale |
| District | Palghar |
| State | Maharashtra |
| Address | Radha Chandra Heritage, Tandulwadi Road, Near Mseb Office, Saphale East, Tal. Palghar, Dist. Palghar 401102 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Bassein Catholic Cooperative Bank Limited in Saphale for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BACB0000038 for the Saphale East branch of Bassein Catholic Cooperative 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 Bassein Catholic Cooperative Bank Limited located in Saphale East, Saphale, Maharashtra, is provided a unique IFSC like BACB0000038 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 Saphale.
- 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 Saphale 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 Saphale East do not get misguided to another person.
Format of the IFSC Code BACB0000038
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 Saphale East in Saphale.
For example, the IFSC Code BACB0000038 of Bassein Catholic Cooperative Bank Limited for the Saphale East branch includes these elements, identifying the bank and the branch location in Saphale and Maharashtra accurately.
How to Find IFSC Code for Bassein Catholic Cooperative Bank Limited?
If you are trying to find the IFSC Code BACB0000038 of Bassein Catholic Cooperative Bank Limited for its Saphale East branch located in Saphale, 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 Saphale 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 Saphale East or Saphale to get the exact IFSC Code BACB0000038.
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 Saphale that will provide accurate information.
How to Use IFSC Code BACB0000038 for Online Transfers?
Once you have the IFSC Code BACB0000038 for the Saphale East branch of Bassein Catholic Cooperative Bank Limited in Saphale, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BACB0000038. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and Bassein Catholic Cooperative Bank Limited IFSC Code BACB0000038.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Bassein Catholic Cooperative Bank Limited Saphale East in Saphale, it can result in delayed or failed transactions.
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 Saphale East, 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 Saphale to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is BACB0000038.
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 Radha Chandra Heritage, Tandulwadi Road, Near Mseb Office, Saphale East, Tal. Palghar, Dist. Palghar 401102 located in Saphale, Palghar, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.