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 Sativali Branch 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 BACB0000049. 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, Sativali Branch, Vasai
The table below shows the main details of the IFSC Code BACB0000049 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 | BACB0000049 |
| Branch | Sativali Branch |
| City | Vasai |
| District | Palghar |
| State | Maharashtra |
| Address | Commercial Gala No.1,Ground Floor, Angel Business Centre, Village Waliv,Sativali, Tal. Vasai, Dist. Palghar 401 208 |
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 BACB0000049 for the Sativali Branch 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, 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 Sativali Branch, Vasai, Maharashtra, is provided a unique IFSC like BACB0000049 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 Vasai.
- 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 Vasai 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 Sativali Branch do not get misguided to another person.
Format of the IFSC Code BACB0000049
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): These represent the bank code. In Bassein Catholic Cooperative Bank Limited, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Sativali Branch in Vasai.
For example, the IFSC Code BACB0000049 of Bassein Catholic Cooperative Bank Limited for the Sativali Branch branch has 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 looking for the IFSC Code BACB0000049 of Bassein Catholic Cooperative Bank Limited for its Sativali Branch branch located in Vasai, the following methods can help:
Cheque Book
The cheque book that is issued by Bassein Catholic Cooperative Bank Limited includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including Bassein Catholic Cooperative Bank Limited branches in Vasai and Palghar, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of Bassein Catholic Cooperative Bank Limited and look for the branch locator section, then search for Sativali Branch or Vasai to get the exact IFSC Code BACB0000049.
Mobile Banking App
If you use Bassein Catholic Cooperative Bank Limited's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Bassein Catholic Cooperative Bank Limited and Vasai, then it will provide you proper information.
How to Use IFSC Code BACB0000049 for Online Transfers?
Once you have the IFSC Code BACB0000049 for the Sativali Branch branch of Bassein Catholic Cooperative Bank Limited in Vasai, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BACB0000049. 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 BACB0000049.
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 Sativali Branch in Vasai, 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 Sativali Branch, 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 Vasai to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Sativali Branch Vasai branch is BACB0000049.
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 Commercial Gala No.1,Ground Floor, Angel Business Centre, Village Waliv,Sativali, Tal. Vasai, Dist. Palghar 401 208.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.