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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Saraswat Cooperative Bank Limited for its Satara Branch branch in Satara, Satara, Maharashtra, then this guide will give you detailed information.
The banking system has evolved significantly in India, and today the customers of Saraswat Cooperative Bank Limited located in Satara or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SRCB0000382. 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, Satara Branch, Satara
Here are the key points that are associated with the IFSC Code SRCB0000382 of Saraswat Cooperative Bank Limited for its branch located in Satara, within the district of Satara in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Saraswat Cooperative Bank Limited |
| IFSC Code | SRCB0000382 |
| Branch | Satara Branch |
| City | Satara |
| District | Satara |
| State | Maharashtra |
| Address | ’silver Arch’, Plot No.1, Survey No.288/289, New Radhika Road, Opp. Kadam Petrol Pump, Satara 415 001. |
These details are important not only for users using online banking but also for businesses and individuals who use Saraswat Cooperative Bank Limited in Satara for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SRCB0000382 for the Satara 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, along with Saraswat Cooperative Bank Limited located in Satara Branch, Satara, Maharashtra, are given a unique IFSC like SRCB0000382 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Satara.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Satara and Satara.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to Saraswat Cooperative Bank Limited in Satara Branch goes to the correct branch. This is important because Saraswat Cooperative Bank Limited has thousands of branches in Maharashtra and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code SRCB0000382
The format of the IFSC Code for banks, including Saraswat Cooperative Bank Limited, has 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 Satara Branch in Satara.
For example, the IFSC Code SRCB0000382 of Saraswat Cooperative Bank Limited for the Satara Branch branch includes these elements, identifying the bank and the branch location in Satara and Maharashtra correctly.
How to Find IFSC Code for Saraswat Cooperative Bank Limited?
If you are trying to find the IFSC Code SRCB0000382 of Saraswat Cooperative Bank Limited for its Satara Branch branch located in Satara, 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 Satara and Satara, 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 Satara Branch or Satara to get the exact IFSC Code SRCB0000382.
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 Satara, you'll get the correct details.
How to Use IFSC Code SRCB0000382 for Online Transfers?
Once you have the IFSC Code SRCB0000382 for the Satara Branch branch of Saraswat Cooperative Bank Limited in Satara, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SRCB0000382. Transfers are processed in batches. This is 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. Requires the recipient's account details and Saraswat Cooperative Bank Limited IFSC Code SRCB0000382.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Saraswat Cooperative Bank Limited Satara Branch in Satara 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 Satara 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 Satara to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Satara Branch Satara branch is SRCB0000382.
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 ’silver Arch’, Plot No.1, Survey No.288/289, New Radhika Road, Opp. Kadam Petrol Pump, Satara 415 001..
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.