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 Vikhroli 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 TSSB0000011. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Satara Sahakari Bank Ltd, Vikhroli, Mumbai
Here are the main details that are associated with the IFSC Code TSSB0000011 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 | TSSB0000011 |
| Branch | Vikhroli |
| City | Mumbai |
| District | Mumbai |
| State | Maharashtra |
| Address | Wooden Boxes Manf.Coop Ind.Est,Kailash Complex,E Wing,Bldg.1,Gala No-1,V.S.Road,Vikhroli |
These details are crucial, not just for online banking users but also for businesses and individuals who use Satara Sahakari Bank Ltd in Mumbai for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code TSSB0000011 for the Vikhroli branch of Satara Sahakari Bank Ltd has an important 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, including Satara Sahakari Bank Ltd located in Vikhroli, Mumbai, Maharashtra, is provided with a unique IFSC like TSSB0000011 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 Vikhroli do not get mixed with another location.
Format of the IFSC Code TSSB0000011
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 Vikhroli in Mumbai.
For example, the IFSC Code TSSB0000011 of Satara Sahakari Bank Ltd for the Vikhroli 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 TSSB0000011 of Satara Sahakari Bank Ltd for its Vikhroli 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
Most banks, including Satara Sahakari Bank Ltd branches in Mumbai and Mumbai, print the IFSC and MICR codes 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 Vikhroli or Mumbai to get the exact IFSC Code TSSB0000011.
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 TSSB0000011 for Online Transfers?
If you have the IFSC Code TSSB0000011 for the Vikhroli 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 TSSB0000011. 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 TSSB0000011.
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 Vikhroli 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 Vikhroli, 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 Vikhroli Mumbai branch is TSSB0000011.
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 Wooden Boxes Manf.Coop Ind.Est,Kailash Complex,E Wing,Bldg.1,Gala No-1,V.S.Road,Vikhroli.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.