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 Ambadi Road branch in Vasai, 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 Vasai or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BACB0000042. 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, Ambadi Road, Vasai
The table below shows the main details of the IFSC Code BACB0000042 for the Bassein Catholic Cooperative Bank Limited branch in Vasai, which falls under the Palghar district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Bassein Catholic Cooperative Bank Limited |
| IFSC Code | BACB0000042 |
| Branch | Ambadi Road |
| City | Vasai |
| District | Palghar |
| State | Maharashtra |
| Address | Shop No. 7 And 8, Sai Tower Chs Ltd., D Wing, Ambadi Road, Post-Vasai Road(West), Tal. Vasai, Dist. Palghar 401 202 |
These details are important not only for users using online banking but also for businesses and individuals who use Bassein Catholic Cooperative Bank Limited in Vasai for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code BACB0000042 for the Ambadi Road branch of Bassein Catholic Cooperative Bank Limited is vital.
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 Ambadi Road, Vasai, Maharashtra, is provided with a unique IFSC like BACB0000042 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 Vasai.
- 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 Vasai and Palghar.
- 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 Ambadi Road do not get mixed with another location.
Format of the IFSC Code BACB0000042
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 Ambadi Road in Vasai.
For example, the IFSC Code BACB0000042 of Bassein Catholic Cooperative Bank Limited for the Ambadi Road branch includes these elements, identifying the bank and the branch location in Vasai and Maharashtra correctly.
How to Find IFSC Code for Bassein Catholic Cooperative Bank Limited?
If you are trying to find the IFSC Code BACB0000042 of Bassein Catholic Cooperative Bank Limited for its Ambadi Road branch located in Vasai, 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 Vasai and Palghar, 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 Ambadi Road or Vasai to get the exact IFSC Code BACB0000042.
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 Vasai, you'll get the correct details.
How to Use IFSC Code BACB0000042 for Online Transfers?
Once you have the IFSC Code BACB0000042 for the Ambadi Road branch of Bassein Catholic Cooperative Bank Limited in Vasai, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BACB0000042. Transfers are processed in batches. This is suitable for 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 BACB0000042.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Bassein Catholic Cooperative Bank Limited Ambadi Road in Vasai may result in delayed or failed transactions.
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 Ambadi Road, 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 Vasai manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is BACB0000042.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Shop No. 7 And 8, Sai Tower Chs Ltd., D Wing, Ambadi Road, Post-Vasai Road(West), Tal. Vasai, Dist. Palghar 401 202 located in Vasai, Palghar, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.