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 Maharashtra State Cooperative Bank for its Yavatmal branch in Yavatmal, Yavatmal, Maharashtra, this complete guide will provide you with detailed information.

The banking system in India has changed over the years, and today customers of Maharashtra State Cooperative Bank located in Yavatmal or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code MSCI0082067. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Maharashtra State Cooperative Bank, Yavatmal, Yavatmal

Here are some of the key details that come with the IFSC Code MSCI0082067 of Maharashtra State Cooperative Bank for its branch located in Yavatmal, within the district of Yavatmal in the state of Maharashtra.

Particulars Details
Bank Maharashtra State Cooperative Bank
IFSC Code MSCI0082067
Branch Yavatmal
City Yavatmal
District Yavatmal
State Maharashtra
Address Shop No 4 And 5 Sarode Complex Datta Chowk Yavatmal -445001

These details helps users in online banking and for businesses and individuals who use Maharashtra State Cooperative Bank in Yavatmal for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code MSCI0082067 for the Yavatmal branch of Maharashtra State Cooperative Bank plays a vital role.

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 Maharashtra State Cooperative Bank located in Yavatmal, Yavatmal, Maharashtra, is provided a unique IFSC like MSCI0082067 so that their online payments reach the right place.

The IFSC Code is important because:

  • It uniquely recognizes the Maharashtra State Cooperative Bank branch in Yavatmal.
  • 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 Yavatmal and Yavatmal.
  • 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 Maharashtra State Cooperative Bank in Yavatmal do not get misguided to another person.

Format of the IFSC Code MSCI0082067

The format of the IFSC Code for banks, including Maharashtra State Cooperative Bank, has an 11-character structure:

AAAA0CCCCCC

Here's the breakdown:

  • First 4 characters (AAAA): Show the bank code. For Maharashtra State Cooperative Bank, 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 Yavatmal in Yavatmal.

For example, the IFSC Code MSCI0082067 of Maharashtra State Cooperative Bank for the Yavatmal branch includes these elements, identifying the bank and the branch location in Yavatmal and Maharashtra correctly.

How to Find IFSC Code for Maharashtra State Cooperative Bank?

If you are trying to find the IFSC Code MSCI0082067 of Maharashtra State Cooperative Bank for its Yavatmal branch located in Yavatmal, the following methods can help:

Cheque Book

The cheque book issued by Maharashtra State Cooperative Bank includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.

Passbook

You can easily find the IFSC and MICR codes because most banks, including Maharashtra State Cooperative Bank branches in Yavatmal and Yavatmal, print them on the first page of your passbook.

Bank Website

Visit the official website of Maharashtra State Cooperative Bank and navigate to the branch locator section. Search for Yavatmal or Yavatmal to get the exact IFSC Code MSCI0082067.

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 keeps an updated list of all IFSC codes. If you search for Maharashtra State Cooperative Bank and Yavatmal, you'll get the correct details.

How to Use IFSC Code MSCI0082067 for Online Transfers?

If you have the IFSC Code MSCI0082067 for the Yavatmal branch of Maharashtra State Cooperative Bank in Yavatmal, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code MSCI0082067. 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 MSCI0082067.

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 Yavatmal in Yavatmal, 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 Yavatmal, 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 Yavatmal to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Maharashtra State Cooperative Bank Yavatmal Yavatmal?

The IFSC Code of the Yavatmal Yavatmal branch is MSCI0082067.

Is IFSC Code MSCI0082067 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the Maharashtra State Cooperative Bank Yavatmal branch?

The branch is located at Shop No 4 And 5 Sarode Complex Datta Chowk Yavatmal -445001.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.