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 Nandakhal branch in Vasai, Thane, 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 Vasai or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BACB0000007. 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, Nandakhal, Vasai
Here are the key points that are associated with the IFSC Code BACB0000007 of Bassein Catholic Cooperative Bank Limited for its branch located in Vasai, within the district of Thane in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Bassein Catholic Cooperative Bank Limited |
| IFSC Code | BACB0000007 |
| Branch | Nandakhal |
| City | Vasai |
| District | Thane |
| State | Maharashtra |
| Address | Near Nandakhal Church,Nandakhal, P.O. Agashi, Tal: Vasai, Dist: Thane, 401 301 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Bassein Catholic Cooperative Bank Limited in Vasai for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BACB0000007 for the Nandakhal 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 provided by the Reserve Bank of India. Every bank branch, along with Bassein Catholic Cooperative Bank Limited located in Nandakhal, Vasai, Maharashtra, are allotted a unique IFSC like BACB0000007 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Vasai.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Vasai and Thane.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Bassein Catholic Cooperative Bank Limited in Nandakhal reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code BACB0000007
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 Nandakhal in Vasai.
For example, the IFSC Code BACB0000007 of Bassein Catholic Cooperative Bank Limited for the Nandakhal 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 BACB0000007 of Bassein Catholic Cooperative Bank Limited for its Nandakhal branch located in Vasai, 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 Vasai and Thane, 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 Nandakhal or Vasai to get the exact IFSC Code BACB0000007.
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 Vasai that will provide accurate information.
How to Use IFSC Code BACB0000007 for Online Transfers?
Once you have the IFSC Code BACB0000007 for the Nandakhal 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 BACB0000007. 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 BACB0000007.
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 Nandakhal in Vasai may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Bassein Catholic Cooperative Bank Limited in Nandakhal, here are some of the ways you can get 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.
Knowing both IFSC and MICR code can help account holders in Vasai manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code of the Nandakhal Vasai branch is BACB0000007.
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 Near Nandakhal Church,Nandakhal, P.O. Agashi, Tal: Vasai, Dist: Thane, 401 301.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.