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 Satara Sahakari Bank Ltd for its Rtgs-Ho branch in Mumbai, 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 Satara Sahakari Bank Ltd situated in Mumbai or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code TSSB0000001. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Satara Sahakari Bank Ltd, Rtgs-Ho, Mumbai
Here are some of the key details that come with the IFSC Code TSSB0000001 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 | TSSB0000001 |
| Branch | Rtgs-Ho |
| City | Mumbai |
| District | Mumbai |
| State | Maharashtra |
| Address | Bhartiya Krida Mandir,3Rd Floor,Naigaon Wadala Road,Wadala,Mumbai |
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 TSSB0000001 for the Rtgs-Ho 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 that is provided by the Reserve Bank of India. A unique IFSC like TSSB0000001 is given to every bank branch, including Satara Sahakari Bank Ltd located in Rtgs-Ho, Mumbai, Maharashtra, to make sure that online payments reach the right place.
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 kind of confusion between multiple branches of the same bank across different places like Mumbai and Mumbai.
- It removes errors in fund transfers and improves accuracy.
- It lets the sender banks validate and confirm branch details before they process the payments.
There are thousands of branches across Maharashtra and the rest of India, which is why the IFSC Code ensures that transactions meant for Satara Sahakari Bank Ltd in Rtgs-Ho doesn't end up at another location.
Format of the IFSC Code TSSB0000001
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 Rtgs-Ho in Mumbai.
For example, the IFSC Code TSSB0000001 of Satara Sahakari Bank Ltd for the Rtgs-Ho 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 trying to find the IFSC Code TSSB0000001 of Satara Sahakari Bank Ltd for its Rtgs-Ho branch located in Mumbai, the following methods can help:
Cheque Book
The cheque book issued by Satara Sahakari Bank Ltd includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
You can easily find the IFSC and MICR codes because most banks, including Satara Sahakari Bank Ltd branches in Mumbai and Mumbai, print them on the first page of your passbook.
Bank Website
Visit the official website of Satara Sahakari Bank Ltd and navigate to the branch locator section. Search for Rtgs-Ho or Mumbai to get the exact IFSC Code TSSB0000001.
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 keeps an updated list of all IFSC codes. If you search for Satara Sahakari Bank Ltd and Mumbai, you'll get the correct details.
How to Use IFSC Code TSSB0000001 for Online Transfers?
If you have the IFSC Code TSSB0000001 for the Rtgs-Ho 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 TSSB0000001. 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 TSSB0000001.
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 Rtgs-Ho 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 Rtgs-Ho, 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 TSSB0000001.
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 Bhartiya Krida Mandir,3Rd Floor,Naigaon Wadala Road,Wadala,Mumbai located in Mumbai, Mumbai, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.