IFSC Code of Bassein Catholic Cooperative Bank Limited, Thane, Thane, Maharashtra- BACB0000016

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 Thane branch in Thane, Thane, 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 Thane or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BACB0000016. 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, Thane, Thane

Below in the table are the key details related to IFSC Code BACB0000016 of Bassein Catholic Cooperative Bank Limited for its branch located in Thane, within the district of Thane in the state of Maharashtra.

These details are crucial, not just for online banking users but also for businesses and individuals who use Bassein Catholic Cooperative Bank Limited in Thane for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BACB0000016 for the Thane 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, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like BACB0000016 is given to every bank branch, including Bassein Catholic Cooperative Bank Limited located in Thane, Thane, Maharashtra, to make sure that online payments reach the right place.

The IFSC Code is important because:

• It uniquely identifies the Bassein Catholic Cooperative Bank Limited branch in Thane.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any kind of confusion between multiple branches of the same bank across different places like Thane and Thane.
• It removes errors in fund transfers and improves accuracy.
• It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Maharashtra and the rest of India, which is why the IFSC Code ensures that transactions meant for Bassein Catholic Cooperative Bank Limited in Thane doesn't end up at another location.

Format of the IFSC Code BACB0000016

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): 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 Thane in Thane.

For example, the IFSC Code BACB0000016 of Bassein Catholic Cooperative Bank Limited for the Thane branch includes these elements, identifying the bank and the branch location in Thane and Maharashtra accurately.

How to Find IFSC Code for Bassein Catholic Cooperative Bank Limited?

If you are trying to find the IFSC Code BACB0000016 of Bassein Catholic Cooperative Bank Limited for its Thane branch located in Thane, 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

Most banks, including Bassein Catholic Cooperative Bank Limited branches in Thane and Thane, print the IFSC and MICR codes 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 Thane or Thane to get the exact IFSC Code BACB0000016.

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 Thane, you'll get the correct details.

How to Use IFSC Code BACB0000016 for Online Transfers?

Once you have the IFSC Code BACB0000016 for the Thane branch of Bassein Catholic Cooperative Bank Limited in Thane, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BACB0000016. 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 BACB0000016.

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 Thane in Thane, 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 Thane, 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 Thane manage online transfers as well as cheque clearances with ease.