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 Satara Sahakari Bank Ltd for its Chembur 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 Satara Sahakari Bank Ltd located in Mumbai or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code TSSB0000010. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Satara Sahakari Bank Ltd, Chembur, Mumbai
Below in the table are the key details related to IFSC Code TSSB0000010 of Satara Sahakari Bank Ltd for its branch located in Mumbai, within the district of Mumbai in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Satara Sahakari Bank Ltd |
| IFSC Code | TSSB0000010 |
| Branch | Chembur |
| City | Mumbai |
| District | Mumbai |
| State | Maharashtra |
| Address | Millenium Coop Hsg.Soc.Ltd,Shop No.1,Gr.Floor,Subhash Nagar,Chembur |
These details are important not only for users using online banking but also for businesses and individuals who use Satara Sahakari Bank Ltd in Mumbai for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code TSSB0000010 for the Chembur branch of Satara Sahakari Bank Ltd 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 Satara Sahakari Bank Ltd located in Chembur, Mumbai, Maharashtra, is provided with a unique IFSC like TSSB0000010 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Satara Sahakari Bank Ltd branch in Mumbai.
- 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 Mumbai and 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 Satara Sahakari Bank Ltd in Chembur do not get mixed with another location.
Format of the IFSC Code TSSB0000010
The format of the IFSC Code for banks, including Satara Sahakari Bank Ltd, has an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For Satara Sahakari Bank Ltd, 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 Chembur in Mumbai.
For example, the IFSC Code TSSB0000010 of Satara Sahakari Bank Ltd for the Chembur branch includes these elements, identifying the bank and the branch location in Mumbai and Maharashtra correctly.
How to Find IFSC Code for Satara Sahakari Bank Ltd?
If you are trying to find the IFSC Code TSSB0000010 of Satara Sahakari Bank Ltd for its Chembur branch located in Mumbai, the following methods can help:
Cheque Book
The cheque books that are issued by Satara Sahakari Bank Ltd include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including Satara Sahakari Bank Ltd 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 Satara Sahakari Bank Ltd and find the branch locator section. Search for Chembur or Mumbai to get the exact IFSC Code TSSB0000010.
Mobile Banking App
If you use Satara Sahakari Bank Ltd's mobile app, you can easily 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 to help you in searching for Satara Sahakari Bank Ltd and Mumbai that will provide accurate information.
How to Use IFSC Code TSSB0000010 for Online Transfers?
Once you have the IFSC Code TSSB0000010 for the Chembur branch of Satara Sahakari Bank Ltd in Mumbai, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code TSSB0000010. 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 Satara Sahakari Bank Ltd IFSC Code TSSB0000010.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Satara Sahakari Bank Ltd Chembur in Mumbai may 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 Satara Sahakari Bank Ltd in Chembur, 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 Satara Sahakari Bank Ltd website.
- Search the RBI portal.
Knowing both IFSC and MICR code can help account holders in Mumbai manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is TSSB0000010.
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 Millenium Coop Hsg.Soc.Ltd,Shop No.1,Gr.Floor,Subhash Nagar,Chembur located in Mumbai, Mumbai, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.