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 The Chembur Nagari Sahakari Bank Ltd - Panvel Branch branch in Raigad, New Mumbai, 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 Raigad or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code SRCB0CNS014. 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, The Chembur Nagari Sahakari Bank Ltd - Panvel Branch, Raigad
Here are some of the key details that come with the IFSC Code SRCB0CNS014 of Saraswat Cooperative Bank Limited for its branch located in Raigad, within the district of New Mumbai in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Saraswat Cooperative Bank Limited |
| IFSC Code | SRCB0CNS014 |
| Branch | The Chembur Nagari Sahakari Bank Ltd - Panvel Branch |
| City | Raigad |
| District | New Mumbai |
| State | Maharashtra |
| Address | Shop No.7/8, Sai Plaza Co-Op Hsg. Soct., Plot No. 16, Sector 15A, New Panvel (E)- 410206 |
These details are important not only for users using online banking but also for businesses and individuals who use Saraswat Cooperative Bank Limited in Raigad for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SRCB0CNS014 for the The Chembur Nagari Sahakari Bank Ltd - Panvel Branch branch of Saraswat Cooperative Bank Limited is vital.
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, including Saraswat Cooperative Bank Limited located in The Chembur Nagari Sahakari Bank Ltd - Panvel Branch, Raigad, Maharashtra, is provided with a unique IFSC like SRCB0CNS014 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Saraswat Cooperative Bank Limited branch in Raigad.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Raigad and New Mumbai.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Maharashtra and the rest of India and the IFSC Code ensures that transactions meant for Saraswat Cooperative Bank Limited in The Chembur Nagari Sahakari Bank Ltd - Panvel Branch do not get mixed with another location.
Format of the IFSC Code SRCB0CNS014
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): Show the bank code. For Saraswat Cooperative Bank Limited, these letters represent the bank's short name.
- 5th character: Is always zero and is kept for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as The Chembur Nagari Sahakari Bank Ltd - Panvel Branch in Raigad.
For example, the IFSC Code SRCB0CNS014 of Saraswat Cooperative Bank Limited for the The Chembur Nagari Sahakari Bank Ltd - Panvel Branch branch includes these elements, identifying the bank and the branch location in Raigad and Maharashtra accurately.
How to Find IFSC Code for Saraswat Cooperative Bank Limited?
If you are trying to find the IFSC Code SRCB0CNS014 of Saraswat Cooperative Bank Limited for its The Chembur Nagari Sahakari Bank Ltd - Panvel Branch branch located in Raigad, the following methods can help:
Cheque Book
The cheque book issued by Saraswat Cooperative Bank Limited includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
Most banks, including Saraswat Cooperative Bank Limited branches in Raigad and New Mumbai, print the IFSC and MICR codes on the first page of your passbook.
Bank Website
Visit the official website of Saraswat Cooperative Bank Limited and navigate to the branch locator section. Search for The Chembur Nagari Sahakari Bank Ltd - Panvel Branch or Raigad to get the exact IFSC Code SRCB0CNS014.
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 keeps an updated list of all IFSC codes. If you search for Saraswat Cooperative Bank Limited and Raigad, you'll get the correct details.
How to Use IFSC Code SRCB0CNS014 for Online Transfers?
If you have the IFSC Code SRCB0CNS014 for the The Chembur Nagari Sahakari Bank Ltd - Panvel Branch branch of Saraswat Cooperative Bank Limited in Raigad, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SRCB0CNS014. 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 SRCB0CNS014.
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 The Chembur Nagari Sahakari Bank Ltd - Panvel Branch in Raigad, 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 The Chembur Nagari Sahakari Bank Ltd - Panvel Branch, 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 Raigad to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is SRCB0CNS014.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Shop No.7/8, Sai Plaza Co-Op Hsg. Soct., Plot No. 16, Sector 15A, New Panvel (E)- 410206 located in Raigad, New Mumbai, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.