Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Satara Sahakari Bank Ltd for its Panvel branch in Navi Mumbai, Raigad, or Maharashtra, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of Satara Sahakari Bank Ltd located in Navi Mumbai or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code TSSB0000014. You should definitely 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, Panvel, Navi Mumbai
Here are the main details that are associated with the IFSC Code TSSB0000014 of Satara Sahakari Bank Ltd for its branch located in Navi Mumbai, within the district of Raigad in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Satara Sahakari Bank Ltd |
| IFSC Code | TSSB0000014 |
| Branch | Panvel |
| City | Navi Mumbai |
| District | Raigad |
| State | Maharashtra |
| Address | Kalpataru Complex,1St Floor,Plot No.51,Sector-9,Khanda Colony,Navin Panvel |
These details helps users in online banking and for businesses and individuals who use Satara Sahakari Bank Ltd in Navi Mumbai for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code TSSB0000014 for the Panvel 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 Panvel, Navi Mumbai, Maharashtra, are given a unique IFSC like TSSB0000014 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Navi 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 Navi Mumbai and Raigad.
- 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 Panvel 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 TSSB0000014
This is the format of the IFSC Code for banks, including Satara Sahakari Bank Ltd, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For Satara Sahakari Bank Ltd, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Panvel in Navi Mumbai.
For example, the IFSC Code TSSB0000014 of Satara Sahakari Bank Ltd for the Panvel branch includes these elements, identifying the bank and the branch location in Navi Mumbai and Maharashtra accurately.
How to Find IFSC Code for Satara Sahakari Bank Ltd?
If you are trying to find the IFSC Code TSSB0000014 of Satara Sahakari Bank Ltd for its Panvel branch located in Navi 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 Navi Mumbai and Raigad, 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 Panvel or Navi Mumbai to get the exact IFSC Code TSSB0000014.
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 Navi Mumbai, you'll get the correct details.
How to Use IFSC Code TSSB0000014 for Online Transfers?
If you have the IFSC Code TSSB0000014 for the Panvel branch of Satara Sahakari Bank Ltd in Navi 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 TSSB0000014. 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 TSSB0000014.
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 Panvel in Navi 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 Panvel, 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 Navi Mumbai manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Panvel Navi Mumbai branch is TSSB0000014.
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 Kalpataru Complex,1St Floor,Plot No.51,Sector-9,Khanda Colony,Navin Panvel.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.