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 Shri Chhatrapati Rajashri Shahu Urban Cooperative Bank Limited for its Canal Road branch in Beed, Beed, 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 Shri Chhatrapati Rajashri Shahu Urban Cooperative Bank Limited located in Beed or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code CRUB0000024. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Shri Chhatrapati Rajashri Shahu Urban Cooperative Bank Limited, Canal Road, Beed
Here are the key points that are associated with the IFSC Code CRUB0000024 of Shri Chhatrapati Rajashri Shahu Urban Cooperative Bank Limited for its branch located in Beed, within the district of Beed in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Shri Chhatrapati Rajashri Shahu Urban Cooperative Bank Limited |
| IFSC Code | CRUB0000024 |
| Branch | Canal Road |
| City | Beed |
| District | Beed |
| State | Maharashtra |
| Address | Canal Road, Beed, Dist. Beed,State:Maharashtra - 431122 |
These details are essential not only for online banking users but also for businesses and individuals who use Shri Chhatrapati Rajashri Shahu Urban Cooperative Bank Limited in Beed for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CRUB0000024 for the Canal Road branch of Shri Chhatrapati Rajashri Shahu Urban Cooperative Bank Limited plays an important role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Shri Chhatrapati Rajashri Shahu Urban Cooperative Bank Limited located in Canal Road, Beed, Maharashtra, is provided a unique IFSC like CRUB0000024 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Shri Chhatrapati Rajashri Shahu Urban Cooperative Bank Limited branch in Beed.
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Beed and Beed.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Maharashtra and the rest of India, the IFSC Code ensures that transactions meant for Shri Chhatrapati Rajashri Shahu Urban Cooperative Bank Limited in Canal Road do not get misguided to another person.
Format of the IFSC Code CRUB0000024
The format of the IFSC Code for banks, including Shri Chhatrapati Rajashri Shahu Urban Cooperative Bank Limited, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For Shri Chhatrapati Rajashri Shahu Urban Cooperative Bank Limited, 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 Canal Road in Beed.
For example, the IFSC Code CRUB0000024 of Shri Chhatrapati Rajashri Shahu Urban Cooperative Bank Limited for the Canal Road branch includes these elements, identifying the bank and the branch location in Beed and Maharashtra accurately.
How to Find IFSC Code for Shri Chhatrapati Rajashri Shahu Urban Cooperative Bank Limited?
To find the IFSC Code CRUB0000024 of Shri Chhatrapati Rajashri Shahu Urban Cooperative Bank Limited for its Canal Road branch located in Beed, the following methods can help you out:
Cheque Book
The cheque book issued by Shri Chhatrapati Rajashri Shahu Urban Cooperative Bank Limited includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Shri Chhatrapati Rajashri Shahu Urban Cooperative Bank Limited branches in Beed and Beed, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Shri Chhatrapati Rajashri Shahu Urban Cooperative Bank Limited and go to the branch locator section. Then search for Canal Road or Beed to find the exact IFSC Code CRUB0000024.
Mobile Banking App
If you use Shri Chhatrapati Rajashri Shahu Urban Cooperative Bank Limited'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 Shri Chhatrapati Rajashri Shahu Urban Cooperative Bank Limited and Beed will provide accurate information.
How to Use IFSC Code CRUB0000024 for Online Transfers?
Once you have the IFSC Code CRUB0000024 for the Canal Road branch of Shri Chhatrapati Rajashri Shahu Urban Cooperative Bank Limited in Beed, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code CRUB0000024. 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 Shri Chhatrapati Rajashri Shahu Urban Cooperative Bank Limited IFSC Code CRUB0000024.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Shri Chhatrapati Rajashri Shahu Urban Cooperative Bank Limited Canal Road in Beed, your payment can get delayed or might not go through at all.
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 Shri Chhatrapati Rajashri Shahu Urban Cooperative Bank Limited in Canal Road, here are some ways to obtain it:
- Check the bottom of your cheque leaf.
- Refer to the first page of your passbook.
- Visit the official Shri Chhatrapati Rajashri Shahu Urban Cooperative Bank Limited website.
- Search the RBI portal.
Having both the IFSC and MICR codes makes it easy for account holders in Beed to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Canal Road Beed branch is CRUB0000024.
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 Canal Road, Beed, Dist. Beed,State:Maharashtra - 431122.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.