Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Bassein Catholic Cooperative Bank Limited for its Virar (West) branch in Virar, Thane, or Maharashtra, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of Bassein Catholic Cooperative Bank Limited located in Virar or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BACB0000034. You should definitely know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Bassein Catholic Cooperative Bank Limited, Virar (West), Virar
Here are the main details that are associated with the IFSC Code BACB0000034 of Bassein Catholic Cooperative Bank Limited for its branch located in Virar, within the district of Thane in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Bassein Catholic Cooperative Bank Limited |
| IFSC Code | BACB0000034 |
| Branch | Virar (West) |
| City | Virar |
| District | Thane |
| State | Maharashtra |
| Address | Prathamesh Plaza,Opp. Premium Park, Agashi Road, Bolinj, Virar (West) - 401 303 |
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 Virar for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code BACB0000034 for the Virar (West) 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 that is provided by the Reserve Bank of India. A unique IFSC like BACB0000034 is given to every bank branch, including Bassein Catholic Cooperative Bank Limited located in Virar (West), Virar, 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 Virar.
- 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 Virar 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 Virar (West) doesn't end up at another location.
Format of the IFSC Code BACB0000034
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 Virar (West) in Virar.
For example, the IFSC Code BACB0000034 of Bassein Catholic Cooperative Bank Limited for the Virar (West) branch has these elements, identifying the bank and the branch location in Virar and Maharashtra correctly.
How to Find IFSC Code for Bassein Catholic Cooperative Bank Limited?
If you are trying to find the IFSC Code BACB0000034 of Bassein Catholic Cooperative Bank Limited for its Virar (West) branch located in Virar, 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 Virar 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 Virar (West) or Virar to get the exact IFSC Code BACB0000034.
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 Virar, you'll get the correct details.
How to Use IFSC Code BACB0000034 for Online Transfers?
Once you have the IFSC Code BACB0000034 for the Virar (West) branch of Bassein Catholic Cooperative Bank Limited in Virar, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code BACB0000034. 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 BACB0000034.
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 Virar (West) in Virar, your payment can get delayed or might not go through at all.
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 (West), 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 BACB0000034.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Prathamesh Plaza,Opp. Premium Park, Agashi Road, Bolinj, Virar (West) - 401 303 located in Virar, Thane, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.