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 Maharashtra State Cooperative Bank for its The Sahyadri Sahakari Bank Ltd Mumbai branch in Mumbai, Mumbai, 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 Maharashtra State Cooperative Bank located in Mumbai or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code MSCI0SSBL01. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Maharashtra State Cooperative Bank, The Sahyadri Sahakari Bank Ltd Mumbai, Mumbai
Here are some of the key details that come with the IFSC Code MSCI0SSBL01 of Maharashtra State Cooperative Bank for its branch located in Mumbai, within the district of Mumbai in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Maharashtra State Cooperative Bank |
| IFSC Code | MSCI0SSBL01 |
| Branch | The Sahyadri Sahakari Bank Ltd Mumbai |
| City | Mumbai |
| District | Mumbai |
| State | Maharashtra |
| Address | 446 Jagannath Shankarsheth Road Chira Bazar Mumbai Pin 400002 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Maharashtra State Cooperative Bank in Mumbai for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code MSCI0SSBL01 for the The Sahyadri Sahakari Bank Ltd Mumbai branch of Maharashtra State Cooperative Bank 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 Maharashtra State Cooperative Bank located in The Sahyadri Sahakari Bank Ltd Mumbai, Mumbai, Maharashtra, are given a unique IFSC like MSCI0SSBL01 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Mumbai.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Mumbai and Mumbai.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to Maharashtra State Cooperative Bank in The Sahyadri Sahakari Bank Ltd Mumbai goes to the correct branch. This is important because Maharashtra State Cooperative Bank has thousands of branches in Maharashtra and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code MSCI0SSBL01
This is the format of the IFSC Code for banks, including Maharashtra State Cooperative Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For Maharashtra State Cooperative Bank, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as The Sahyadri Sahakari Bank Ltd Mumbai in Mumbai.
For example, the IFSC Code MSCI0SSBL01 of Maharashtra State Cooperative Bank for the The Sahyadri Sahakari Bank Ltd Mumbai branch includes these elements, identifying the bank and the branch location in Mumbai and Maharashtra accurately.
How to Find IFSC Code for Maharashtra State Cooperative Bank?
To find the IFSC Code MSCI0SSBL01 of Maharashtra State Cooperative Bank for its The Sahyadri Sahakari Bank Ltd Mumbai branch located in Mumbai, the following methods can help you out:
Cheque Book
The cheque book issued by Maharashtra State Cooperative Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Maharashtra State Cooperative Bank branches in Mumbai and Mumbai, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Maharashtra State Cooperative Bank and go to the branch locator section. Then search for The Sahyadri Sahakari Bank Ltd Mumbai or Mumbai to find the exact IFSC Code MSCI0SSBL01.
Mobile Banking App
If you use Maharashtra State Cooperative Bank's mobile app, you can 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. Searching for Maharashtra State Cooperative Bank and Mumbai will provide accurate information.
How to Use IFSC Code MSCI0SSBL01 for Online Transfers?
If you have the IFSC Code MSCI0SSBL01 for the The Sahyadri Sahakari Bank Ltd Mumbai branch of Maharashtra State Cooperative Bank in Mumbai, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code MSCI0SSBL01. Transfers are processed in batches. 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. Asks for the recipient's account details and Maharashtra State Cooperative Bank IFSC Code MSCI0SSBL01.
Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Maharashtra State Cooperative Bank The Sahyadri Sahakari Bank Ltd Mumbai in Mumbai, it 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 Maharashtra State Cooperative Bank in The Sahyadri Sahakari Bank Ltd Mumbai, 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 Maharashtra State Cooperative Bank website.
- Search the RBI portal.
Having both the IFSC and MICR codes makes it easy for account holders in Mumbai to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is MSCI0SSBL01.
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 446 Jagannath Shankarsheth Road Chira Bazar Mumbai Pin 400002 located in Mumbai, Mumbai, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.