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 Saraswat Cooperative Bank Limited for its Sundarlal Sawji Urban Co-Op. Bank Ltd branch in Hingoli, Hingoli, 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 Saraswat Cooperative Bank Limited situated in Hingoli or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code SRCB0SSB002. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.

Details of IFSC Code for Saraswat Cooperative Bank Limited, Sundarlal Sawji Urban Co-Op. Bank Ltd, Hingoli

Here are some of the key details that come with the IFSC Code SRCB0SSB002 of Saraswat Cooperative Bank Limited for its branch located in Hingoli, within the district of Hingoli in the state of Maharashtra.

Particulars Details
Bank Saraswat Cooperative Bank Limited
IFSC Code SRCB0SSB002
Branch Sundarlal Sawji Urban Co-Op. Bank Ltd
City Hingoli
District Hingoli
State Maharashtra
Address Akola Road,Hingoli

These details are crucial, not just for online banking users but also for businesses and individuals who use Saraswat Cooperative Bank Limited in Hingoli for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SRCB0SSB002 for the Sundarlal Sawji Urban Co-Op. Bank Ltd branch of Saraswat Cooperative Bank Limited has an important 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 Saraswat Cooperative Bank Limited located in Sundarlal Sawji Urban Co-Op. Bank Ltd, Hingoli, Maharashtra, is provided a unique IFSC like SRCB0SSB002 so that their online payments reach the right place.

The IFSC Code is important because:

  • It uniquely recognizes the Saraswat Cooperative Bank Limited branch in Hingoli.
  • 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 Hingoli and Hingoli.
  • 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 Saraswat Cooperative Bank Limited in Sundarlal Sawji Urban Co-Op. Bank Ltd do not get misguided to another person.

Format of the IFSC Code SRCB0SSB002

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

AAAA0CCCCCC

Here's the breakdown:

  • First 4 characters (AAAA): These represent the bank code. In Saraswat 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 Sundarlal Sawji Urban Co-Op. Bank Ltd in Hingoli.

For example, the IFSC Code SRCB0SSB002 of Saraswat Cooperative Bank Limited for the Sundarlal Sawji Urban Co-Op. Bank Ltd branch has these elements, identifying the bank and the branch location in Hingoli and Maharashtra correctly.

How to Find IFSC Code for Saraswat Cooperative Bank Limited?

If you are trying to find the IFSC Code SRCB0SSB002 of Saraswat Cooperative Bank Limited for its Sundarlal Sawji Urban Co-Op. Bank Ltd branch located in Hingoli, the following methods can help:

Cheque Book

The cheque books that are issued by Saraswat Cooperative Bank Limited include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.

Passbook

Most banks, including Saraswat Cooperative Bank Limited branches in Hingoli and Hingoli, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

Visit the official website of Saraswat Cooperative Bank Limited and find the branch locator section. Search for Sundarlal Sawji Urban Co-Op. Bank Ltd or Hingoli to get the exact IFSC Code SRCB0SSB002.

Mobile Banking App

If you use Saraswat Cooperative Bank Limited's mobile app, you can easily 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 to help you in searching for Saraswat Cooperative Bank Limited and Hingoli that will provide accurate information.

How to Use IFSC Code SRCB0SSB002 for Online Transfers?

If you have the IFSC Code SRCB0SSB002 for the Sundarlal Sawji Urban Co-Op. Bank Ltd branch of Saraswat Cooperative Bank Limited in Hingoli, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SRCB0SSB002. 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 SRCB0SSB002.

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 Sundarlal Sawji Urban Co-Op. Bank Ltd in Hingoli, 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 Sundarlal Sawji Urban Co-Op. Bank Ltd, here are some ways that you can get 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.

If you know both IFSC and MICR codes, then it can help account holders in Hingoli manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Saraswat Cooperative Bank Limited in Sundarlal Sawji Urban Co-Op. Bank Ltd, Hingoli?

The IFSC Code is SRCB0SSB002.

Is the IFSC Code SRCB0SSB002 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 Sundarlal Sawji Urban Co-Op. Bank Ltd?

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 Sundarlal Sawji Urban Co-Op. Bank Ltd branch?

The address of the branch is Akola Road,Hingoli located in Hingoli, Hingoli, 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.