For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Saraswat Cooperative Bank Limited for its The Chembur Nagarik Sahakari Bank Ltd.Ghatkopar Branch branch in Mumbai, Mumbai, Maharashtra, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of Saraswat Cooperative Bank Limited located in Mumbai or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SRCB0CNS016. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Saraswat Cooperative Bank Limited, The Chembur Nagarik Sahakari Bank Ltd.Ghatkopar Branch, Mumbai
Below in the table are the key details related to IFSC Code SRCB0CNS016 of Saraswat Cooperative Bank Limited for its branch located in Mumbai, within the district of Mumbai in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Saraswat Cooperative Bank Limited |
| IFSC Code | SRCB0CNS016 |
| Branch | The Chembur Nagarik Sahakari Bank Ltd.Ghatkopar Branch |
| City | Mumbai |
| District | Mumbai |
| State | Maharashtra |
| Address | Ghatkopar Dakshanta Co Op Hsg.Soc Ltd.Ramabai Nagar,Aminity Bldg,Ramabai Nagar,Ghatkopar East Mumbai 400075 |
These details help users in online banking and for businesses and individuals who use Saraswat Cooperative Bank Limited in Mumbai for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SRCB0CNS016 for the The Chembur Nagarik Sahakari Bank Ltd.Ghatkopar Branch branch of Saraswat Cooperative Bank Limited has a very 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 SRCB0CNS016 is given to every bank branch, including Saraswat Cooperative Bank Limited located in The Chembur Nagarik Sahakari Bank Ltd.Ghatkopar Branch, Mumbai, 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 Mumbai.
- 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 Mumbai and Mumbai.
- 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 The Chembur Nagarik Sahakari Bank Ltd.Ghatkopar Branch doesn't end up at another location.
Format of the IFSC Code SRCB0CNS016
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 The Chembur Nagarik Sahakari Bank Ltd.Ghatkopar Branch in Mumbai.
For example, the IFSC Code SRCB0CNS016 of Saraswat Cooperative Bank Limited for the The Chembur Nagarik Sahakari Bank Ltd.Ghatkopar Branch branch has these elements, identifying the bank and the branch location in Mumbai and Maharashtra correctly.
How to Find IFSC Code for Saraswat Cooperative Bank Limited?
To find the IFSC Code SRCB0CNS016 of Saraswat Cooperative Bank Limited for its The Chembur Nagarik Sahakari Bank Ltd.Ghatkopar Branch branch located in Mumbai, 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 Mumbai and Mumbai, 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 The Chembur Nagarik Sahakari Bank Ltd.Ghatkopar Branch or Mumbai to find the exact IFSC Code SRCB0CNS016.
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 Mumbai will provide accurate information.
How to Use IFSC Code SRCB0CNS016 for Online Transfers?
Once you have the IFSC Code SRCB0CNS016 for the The Chembur Nagarik Sahakari Bank Ltd.Ghatkopar Branch branch of Saraswat Cooperative Bank Limited in Mumbai, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code SRCB0CNS016. 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 Saraswat Cooperative Bank Limited IFSC Code SRCB0CNS016.
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 The Chembur Nagarik Sahakari Bank Ltd.Ghatkopar Branch in Mumbai, 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 The Chembur Nagarik Sahakari Bank Ltd.Ghatkopar Branch, 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 Mumbai manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is SRCB0CNS016.
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 Ghatkopar Dakshanta Co Op Hsg.Soc Ltd.Ramabai Nagar,Aminity Bldg,Ramabai Nagar,Ghatkopar East Mumbai 400075 located in Mumbai, Mumbai, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.