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 Parbhani, Gangakhed, 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 Parbhani or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SRCB0SSB016. 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, Parbhani
Below in the table are the key details related to IFSC Code SRCB0SSB016 of Saraswat Cooperative Bank Limited for its branch located in Parbhani, within the district of Gangakhed in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Saraswat Cooperative Bank Limited |
| IFSC Code | SRCB0SSB016 |
| Branch | Sundarlal Sawji Urban Co-Op. Bank Ltd |
| City | Parbhani |
| District | Gangakhed |
| State | Maharashtra |
| Address | New Mondha,Gangakhed |
These details helps users in online banking and for businesses and individuals who use Saraswat Cooperative Bank Limited in Parbhani for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SRCB0SSB016 for the Sundarlal Sawji Urban Co-Op. Bank Ltd 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, 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, Parbhani, Maharashtra, is provided a unique IFSC like SRCB0SSB016 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 Parbhani.
- 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 Parbhani and Gangakhed.
- 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 SRCB0SSB016
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 Parbhani.
For example, the IFSC Code SRCB0SSB016 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 Parbhani and Maharashtra accurately.
How to Find IFSC Code for Saraswat Cooperative Bank Limited?
To find the IFSC Code SRCB0SSB016 of Saraswat Cooperative Bank Limited for its Sundarlal Sawji Urban Co-Op. Bank Ltd branch located in Parbhani, 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 Parbhani and Gangakhed, 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 Parbhani to find the exact IFSC Code SRCB0SSB016.
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 Parbhani will provide accurate information.
How to Use IFSC Code SRCB0SSB016 for Online Transfers?
Once you have the IFSC Code SRCB0SSB016 for the Sundarlal Sawji Urban Co-Op. Bank Ltd branch of Saraswat Cooperative Bank Limited in Parbhani, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SRCB0SSB016. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and Saraswat Cooperative Bank Limited IFSC Code SRCB0SSB016.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Saraswat Cooperative Bank Limited Sundarlal Sawji Urban Co-Op. Bank Ltd in Parbhani, it can result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different 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 of the ways 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.
Knowing both IFSC and MICR code can help account holders in Parbhani manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code of the Sundarlal Sawji Urban Co-Op. Bank Ltd Parbhani branch is SRCB0SSB016.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at New Mondha,Gangakhed.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.