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 Virar branch in Virar, 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 Virar or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BACB0000019. 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, Virar, Virar
The table below shows the main details of the IFSC Code BACB0000019 for the Bassein Catholic Cooperative Bank Limited branch in Virar, which falls under the Thane district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Bassein Catholic Cooperative Bank Limited |
| IFSC Code | BACB0000019 |
| Branch | Virar |
| City | Virar |
| District | Thane |
| State | Maharashtra |
| Address | Near Police Station, Post : Virar (E), Tal: Vasai, 401 305 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Bassein Catholic Cooperative Bank Limited in Virar for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BACB0000019 for the Virar 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 Virar, Virar, Maharashtra, are allotted a unique IFSC like BACB0000019 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Virar.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Virar 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 Virar reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code BACB0000019
The format of the IFSC Code for banks, including Bassein Catholic Cooperative Bank Limited, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Bassein Catholic Cooperative Bank Limited, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Virar in Virar.
For example, the IFSC Code BACB0000019 of Bassein Catholic Cooperative Bank Limited for the Virar branch includes these elements, identifying the bank and the branch location in Virar and Maharashtra accurately.
How to Find IFSC Code for Bassein Catholic Cooperative Bank Limited?
If you are looking for the IFSC Code BACB0000019 of Bassein Catholic Cooperative Bank Limited for its Virar branch located in Virar, 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 Virar and Thane, 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 Virar or Virar to get the exact IFSC Code BACB0000019.
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 Virar, then it will provide you proper information.
How to Use IFSC Code BACB0000019 for Online Transfers?
Once you have the IFSC Code BACB0000019 for the Virar branch of Bassein Catholic Cooperative Bank Limited in Virar, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BACB0000019. 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 BACB0000019.
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 Virar in Virar may 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 Virar, 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 Virar to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is BACB0000019.
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 Near Police Station, Post : Virar (E), Tal: Vasai, 401 305 located in Virar, Thane, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.