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IFSC Code of Saraswat Cooperative Bank Limited, Collector'S Colony, Chembur, Mumbai, Maharashtra — SRCB0000270

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 Saraswat Cooperative Bank Limited for its Collector'S Colony, Chembur branch in Greater Bombay, Mumbai, Maharashtra, this complete guide will provide you with detailed information.

The banking system in India has changed over the years, and today customers of Saraswat Cooperative Bank Limited located in Greater Bombay or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SRCB0000270. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Saraswat Cooperative Bank Limited, Collector'S Colony, Chembur, Greater Bombay

The table below shows the main details of the IFSC Code SRCB0000270 for the Saraswat Cooperative Bank Limited branch in Greater Bombay, which falls under the Mumbai district in Maharashtra.

Particulars Details
Bank Saraswat Cooperative Bank Limited
IFSC Code SRCB0000270
Branch Collector'S Colony, Chembur
City Greater Bombay
District Mumbai
State Maharashtra
Address 453-A, Gayatri Apt., R. C. Marg, Collector'S Colony, Chembur, Mumbai - 400 074.

These details helps users in online banking and for businesses and individuals who use Saraswat Cooperative Bank Limited in Greater Bombay for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SRCB0000270 for the Collector'S Colony, Chembur branch of Saraswat Cooperative Bank Limited plays a vital 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 Saraswat Cooperative Bank Limited located in Collector'S Colony, Chembur, Greater Bombay, Maharashtra, are allotted a unique IFSC like SRCB0000270 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Greater Bombay.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents confusion between different branches of the same bank in places like Greater Bombay 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 makes sure that money sent to Saraswat Cooperative Bank Limited in Collector'S Colony, Chembur reaches the right place, even though there are thousands of branches in Maharashtra and across India.

Format of the IFSC Code SRCB0000270

This is the format of the IFSC Code for banks, including Saraswat Cooperative Bank Limited, follows an 11-character structure:

AAAA0CCCCCC

Here's the explanation:

  • First 4 characters (AAAA): This is the bank code. For Saraswat Cooperative Bank Limited, 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 Collector'S Colony, Chembur in Greater Bombay.

For example, the IFSC Code SRCB0000270 of Saraswat Cooperative Bank Limited for the Collector'S Colony, Chembur branch includes these elements, identifying the bank and the branch location in Greater Bombay and Maharashtra accurately.

How to Find IFSC Code for Saraswat Cooperative Bank Limited?

If you are looking for the IFSC Code SRCB0000270 of Saraswat Cooperative Bank Limited for its Collector'S Colony, Chembur branch located in Greater Bombay, the following methods can help:

Cheque Book

The cheque book that is issued by Saraswat 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 Saraswat Cooperative Bank Limited branches in Greater Bombay and Mumbai, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

You can visit the official website of Saraswat Cooperative Bank Limited and look for the branch locator section, then search for Collector'S Colony, Chembur or Greater Bombay to get the exact IFSC Code SRCB0000270.

Mobile Banking App

If you use Saraswat 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 Saraswat Cooperative Bank Limited and Greater Bombay, then it will provide you proper information.

How to Use IFSC Code SRCB0000270 for Online Transfers?

If you have the IFSC Code SRCB0000270 for the Collector'S Colony, Chembur branch of Saraswat Cooperative Bank Limited in Greater Bombay, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SRCB0000270. 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 Saraswat Cooperative Bank Limited IFSC Code SRCB0000270.

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 Saraswat Cooperative Bank Limited Collector'S Colony, Chembur in Greater Bombay, 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 Saraswat Cooperative Bank Limited in Collector'S Colony, Chembur, 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 Saraswat Cooperative Bank Limited website.
  • Search the RBI portal.

Having both the IFSC and MICR codes makes it easy for account holders in Greater Bombay to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Saraswat Cooperative Bank Limited in Collector'S Colony, Chembur, Greater Bombay?

The IFSC Code is SRCB0000270.

Is the IFSC Code SRCB0000270 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of Saraswat Cooperative Bank Limited Collector'S Colony, Chembur?

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Collector'S Colony, Chembur branch?

The address of the branch is 453-A, Gayatri Apt., R. C. Marg, Collector'S Colony, Chembur, Mumbai - 400 074. located in Greater Bombay, Mumbai, Maharashtra.

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.

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