Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Saraswat Cooperative Bank Limited for its Sundarlal Sawji Urban Co-Op. Bank Ltd branch in Hingoli, Sengaon, or Maharashtra, this guide will help you with all the details.

There have been major changes in the banking sector in India and today, the customers of Saraswat Cooperative Bank Limited located in Hingoli or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SRCB0SSB005. You should definitely 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 the main details that are associated with the IFSC Code SRCB0SSB005 of Saraswat Cooperative Bank Limited for its branch located in Hingoli, within the district of Sengaon in the state of Maharashtra.

Particulars Details
Bank Saraswat Cooperative Bank Limited
IFSC Code SRCB0SSB005
Branch Sundarlal Sawji Urban Co-Op. Bank Ltd
City Hingoli
District Sengaon
State Maharashtra
Address Main Road,Sengaon

These details are essential not only for online banking users but also for businesses and individuals who use Saraswat Cooperative Bank Limited in Hingoli for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SRCB0SSB005 for the Sundarlal Sawji Urban Co-Op. Bank Ltd branch of Saraswat Cooperative Bank Limited plays an important role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like SRCB0SSB005 is given to every bank branch, including Saraswat Cooperative Bank Limited located in Sundarlal Sawji Urban Co-Op. Bank Ltd, Hingoli, Maharashtra, to make sure that online payments reach the right place.

The IFSC Code is important because:

  • It uniquely identifies the Saraswat Cooperative Bank Limited branch in Hingoli.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any kind of confusion between multiple branches of the same bank across different places like Hingoli and Sengaon.
  • It removes errors in fund transfers and improves accuracy.
  • It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Maharashtra and the rest of India, which is why the IFSC Code ensures that transactions meant for Saraswat Cooperative Bank Limited in Sundarlal Sawji Urban Co-Op. Bank Ltd doesn't end up at another location.

Format of the IFSC Code SRCB0SSB005

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

AAAA0CCCCCC

Here's the breakdown of this:

  • First 4 characters (AAAA): Represent the bank code. For Saraswat Cooperative Bank Limited, these characters are the bank's short identifier.
  • 5th character (0): Always zero which is reserved for future use.
  • Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Sundarlal Sawji Urban Co-Op. Bank Ltd in Hingoli.

For example, the IFSC Code SRCB0SSB005 of Saraswat Cooperative Bank Limited for the Sundarlal Sawji Urban Co-Op. Bank Ltd branch includes these elements, identifying the bank and the branch location in Hingoli and Maharashtra accurately.

How to Find IFSC Code for Saraswat Cooperative Bank Limited?

To find the IFSC Code SRCB0SSB005 of Saraswat Cooperative Bank Limited for its Sundarlal Sawji Urban Co-Op. Bank Ltd branch located in Hingoli, the following methods can help you out:

Cheque Book

The cheque book issued by Saraswat Cooperative Bank Limited includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.

Passbook

Most banks, including Saraswat Cooperative Bank Limited branches in Hingoli and Sengaon, 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 go to the branch locator section. Then search for Sundarlal Sawji Urban Co-Op. Bank Ltd or Hingoli to find the exact IFSC Code SRCB0SSB005.

Mobile Banking App

If you use Saraswat Cooperative Bank Limited'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 Saraswat Cooperative Bank Limited and Hingoli will provide accurate information.

How to Use IFSC Code SRCB0SSB005 for Online Transfers?

Once you have the IFSC Code SRCB0SSB005 for the Sundarlal Sawji Urban Co-Op. Bank Ltd branch of Saraswat Cooperative Bank Limited in Hingoli, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code SRCB0SSB005. The transfer is completed in batches instead of instantly. It is useful for both 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. Requires the recipient's account details and Saraswat Cooperative Bank Limited IFSC Code SRCB0SSB005.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Saraswat Cooperative Bank Limited Sundarlal Sawji Urban Co-Op. Bank Ltd in Hingoli, your payment can get delayed or might not go through at all.

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 SRCB0SSB005.

Is the IFSC Code SRCB0SSB005 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 Main Road,Sengaon located in Hingoli, Sengaon, 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.