The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Satara Sahakari Bank Ltd for its Mandvi branch in Mumbai, Mumbai, Maharashtra, this complete guide will provide you with detailed information.
The banking system in India has changed 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 TSSB0000002. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Satara Sahakari Bank Ltd, Mandvi, Mumbai
Here are some of the key details that come with the IFSC Code TSSB0000002 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 | TSSB0000002 |
| Branch | Mandvi |
| City | Mumbai |
| District | Mumbai |
| State | Maharashtra |
| Address | Nain Kripa Premises Co-Op Soc.2Nd Floor,118/122 Kaji Sayyad,Street,Mandvi |
These details helps users in online banking and for businesses and individuals who use Satara Sahakari Bank Ltd in Mumbai for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code TSSB0000002 for the Mandvi branch of Satara Sahakari Bank Ltd plays a vital role.
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 Mandvi, Mumbai, Maharashtra, are given a unique IFSC like TSSB0000002 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 any kind of 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 helps ensure that any money sent to Satara Sahakari Bank Ltd in Mandvi goes to the correct branch. This is important because Satara Sahakari Bank Ltd 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 TSSB0000002
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 Mandvi in Mumbai.
For example, the IFSC Code TSSB0000002 of Satara Sahakari Bank Ltd for the Mandvi 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?
To find the IFSC Code TSSB0000002 of Satara Sahakari Bank Ltd for its Mandvi branch located in Mumbai, the following methods can help you out:
Cheque Book
The cheque book issued by Satara Sahakari Bank Ltd includes the IFSC Code printed on each cheque leaf. 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 go to the branch locator section. Then search for Mandvi or Mumbai to find the exact IFSC Code TSSB0000002.
Mobile Banking App
If you use Satara Sahakari Bank Ltd'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 Satara Sahakari Bank Ltd and Mumbai will provide accurate information.
How to Use IFSC Code TSSB0000002 for Online Transfers?
If you have the IFSC Code TSSB0000002 for the Mandvi branch of Satara Sahakari Bank Ltd in Mumbai, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code TSSB0000002. 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 Satara Sahakari Bank Ltd IFSC Code TSSB0000002.
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 Satara Sahakari Bank Ltd Mandvi in Mumbai, 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 Satara Sahakari Bank Ltd in Mandvi, 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 is TSSB0000002.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Nain Kripa Premises Co-Op Soc.2Nd Floor,118/122 Kaji Sayyad,Street,Mandvi located in Mumbai, Mumbai, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.