There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Mahesh Sahakari Bank Ltd Pune for its Bhivandi branch in Thane, Thane, Maharashtra, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of Mahesh Sahakari Bank Ltd Pune situated in Thane or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code MSBL0000016. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Mahesh Sahakari Bank Ltd Pune, Bhivandi, Thane
Here are the key points that are associated with the IFSC Code MSBL0000016 of Mahesh Sahakari Bank Ltd Pune for its branch located in Thane, within the district of Thane in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Mahesh Sahakari Bank Ltd Pune |
| IFSC Code | MSBL0000016 |
| Branch | Bhivandi |
| City | Thane |
| District | Thane |
| State | Maharashtra |
| Address | Shop No 1,2 18A,18B City Centre,Cts No 8792/93/94,Kamatghar,Dhamankar Naka,Bhivandi,Dist Thane 421302 |
These details are important not only for users using online banking but also for businesses and individuals who use Mahesh Sahakari Bank Ltd Pune in Thane for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code MSBL0000016 for the Bhivandi branch of Mahesh Sahakari Bank Ltd Pune is vital.
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, including Mahesh Sahakari Bank Ltd Pune located in Bhivandi, Thane, Maharashtra, is provided with a unique IFSC like MSBL0000016 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Mahesh Sahakari Bank Ltd Pune branch in Thane.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Thane and Thane.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Maharashtra and the rest of India and the IFSC Code ensures that transactions meant for Mahesh Sahakari Bank Ltd Pune in Bhivandi do not get mixed with another location.
Format of the IFSC Code MSBL0000016
This is the format of the IFSC Code for banks, including Mahesh Sahakari Bank Ltd Pune, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For Mahesh Sahakari Bank Ltd Pune, 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 Bhivandi in Thane.
For example, the IFSC Code MSBL0000016 of Mahesh Sahakari Bank Ltd Pune for the Bhivandi branch includes these elements, identifying the bank and the branch location in Thane and Maharashtra accurately.
How to Find IFSC Code for Mahesh Sahakari Bank Ltd Pune?
If you are trying to find the IFSC Code MSBL0000016 of Mahesh Sahakari Bank Ltd Pune for its Bhivandi branch located in Thane, the following methods can help:
Cheque Book
The cheque book issued by Mahesh Sahakari Bank Ltd Pune includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
Most banks, including Mahesh Sahakari Bank Ltd Pune branches in Thane and Thane, print the IFSC and MICR codes on the first page of your passbook.
Bank Website
Visit the official website of Mahesh Sahakari Bank Ltd Pune and navigate to the branch locator section. Search for Bhivandi or Thane to get the exact IFSC Code MSBL0000016.
Mobile Banking App
If you use Mahesh Sahakari Bank Ltd Pune'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 Mahesh Sahakari Bank Ltd Pune and Thane, you'll get the correct details.
How to Use IFSC Code MSBL0000016 for Online Transfers?
Once you have the IFSC Code MSBL0000016 for the Bhivandi branch of Mahesh Sahakari Bank Ltd Pune in Thane, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code MSBL0000016. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹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 Mahesh Sahakari Bank Ltd Pune IFSC Code MSBL0000016.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Mahesh Sahakari Bank Ltd Pune Bhivandi in Thane, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Mahesh Sahakari Bank Ltd Pune in Bhivandi, you can find it by any of the following ways:
- Check the bottom of your cheque leaf.
- Go to the first page of your passbook.
- Visit the official Mahesh Sahakari Bank Ltd Pune website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Thane manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is MSBL0000016.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Shop No 1,2 18A,18B City Centre,Cts No 8792/93/94,Kamatghar,Dhamankar Naka,Bhivandi,Dist Thane 421302 located in Thane, Thane, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.