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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Satara Sahakari Bank Ltd for its Satara branch in Satara, Satara, Maharashtra, then this guide will give you detailed information.
The banking system has evolved significantly in India, and today the customers of Satara Sahakari Bank Ltd located in Satara or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code TSSB0000017. 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, Satara, Satara
Below in the table are the key details related to IFSC Code TSSB0000017 of Satara Sahakari Bank Ltd for its branch located in Satara, within the district of Satara in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Satara Sahakari Bank Ltd |
| IFSC Code | TSSB0000017 |
| Branch | Satara |
| City | Satara |
| District | Satara |
| State | Maharashtra |
| Address | 1St Floor,Kasat Market,Cts No.180/181A,Raviwar Peth,Powai Naka,Satara |
These details are crucial, not just for online banking users but also for businesses and individuals who use Satara Sahakari Bank Ltd in Satara for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code TSSB0000017 for the Satara 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 that is provided by the Reserve Bank of India. A unique IFSC like TSSB0000017 is given to every bank branch, including Satara Sahakari Bank Ltd located in Satara, Satara, 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 Satara.
- 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 Satara and Satara.
- 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 Satara doesn't end up at another location.
Format of the IFSC Code TSSB0000017
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 Satara in Satara.
For example, the IFSC Code TSSB0000017 of Satara Sahakari Bank Ltd for the Satara branch includes these elements, identifying the bank and the branch location in Satara and Maharashtra accurately.
How to Find IFSC Code for Satara Sahakari Bank Ltd?
To find the IFSC Code TSSB0000017 of Satara Sahakari Bank Ltd for its Satara branch located in Satara, 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 Satara and Satara, 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 Satara or Satara to find the exact IFSC Code TSSB0000017.
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 Satara will provide accurate information.
How to Use IFSC Code TSSB0000017 for Online Transfers?
Once you have the IFSC Code TSSB0000017 for the Satara branch of Satara Sahakari Bank Ltd in Satara, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code TSSB0000017. 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 TSSB0000017.
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 Satara in Satara, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Satara Sahakari Bank Ltd in Satara, you can find it by any of the following ways:
- Check the bottom of your cheque leaf.
- Go to the first page of your passbook.
- Visit the official Satara Sahakari Bank Ltd website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Satara manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is TSSB0000017.
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 1St Floor,Kasat Market,Cts No.180/181A,Raviwar Peth,Powai Naka,Satara located in Satara, Satara, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.