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 Ghatkopar 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 TSSB0000004. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Satara Sahakari Bank Ltd, Ghatkopar, Mumbai
Here are the main details that are associated with the IFSC Code TSSB0000004 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 | TSSB0000004 |
| Branch | Ghatkopar |
| City | Mumbai |
| District | Mumbai |
| State | Maharashtra |
| Address | Puroshottam Chs Ltd,1St Floor,Plot No - 65,S.N.M.Road,New Maniklal Estate,Ghatkopar |
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 TSSB0000004 for the Ghatkopar 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, along with Satara Sahakari Bank Ltd located in Ghatkopar, Mumbai, Maharashtra, are allotted a unique IFSC like TSSB0000004 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Mumbai.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Mumbai and Mumbai.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Satara Sahakari Bank Ltd in Ghatkopar reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code TSSB0000004
The format of the IFSC Code for banks, including Satara Sahakari Bank Ltd, follows 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 Ghatkopar in Mumbai.
For example, the IFSC Code TSSB0000004 of Satara Sahakari Bank Ltd for the Ghatkopar branch includes these elements, identifying the bank and the branch location in Mumbai and Maharashtra accurately.
How to Find IFSC Code for Satara Sahakari Bank Ltd?
If you are looking for the IFSC Code TSSB0000004 of Satara Sahakari Bank Ltd for its Ghatkopar branch located in Mumbai, the following methods can help:
Cheque Book
The cheque book that is issued by Satara Sahakari Bank Ltd includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the 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
You can visit the official website of Satara Sahakari Bank Ltd and look for the branch locator section, then search for Ghatkopar or Mumbai to get the exact IFSC Code TSSB0000004.
Mobile Banking App
If you use Satara Sahakari Bank Ltd's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Satara Sahakari Bank Ltd and Mumbai, then it will provide you proper information.
How to Use IFSC Code TSSB0000004 for Online Transfers?
Once you have the IFSC Code TSSB0000004 for the Ghatkopar branch of Satara Sahakari Bank Ltd in Mumbai, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code TSSB0000004. 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 Satara Sahakari Bank Ltd IFSC Code TSSB0000004.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Satara Sahakari Bank Ltd Ghatkopar 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 Satara Sahakari Bank Ltd in Ghatkopar, 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 Satara Sahakari Bank Ltd 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 of the Ghatkopar Mumbai branch is TSSB0000004.
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 Puroshottam Chs Ltd,1St Floor,Plot No - 65,S.N.M.Road,New Maniklal Estate,Ghatkopar.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.