The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Standard Chartered Bank for its Breach Candy branch in Mumbai, Greater Bombay, Maharashtra, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Standard Chartered Bank located in Mumbai or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SCBL0036059. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Standard Chartered Bank, Breach Candy, Mumbai
Here are some of the key details that come with the IFSC Code SCBL0036059 of Standard Chartered Bank for its branch located in Mumbai, within the district of Greater Bombay in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Standard Chartered Bank |
| IFSC Code | SCBL0036059 |
| Branch | Breach Candy |
| City | Mumbai |
| District | Greater Bombay |
| State | Maharashtra |
| Address | 87, Bhulabai Desai Rd,Breach Candy, |
These details are important not only for users using online banking but also for businesses and individuals who use Standard Chartered Bank in Mumbai for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SCBL0036059 for the Breach Candy branch of Standard Chartered Bank is vital.
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 Standard Chartered Bank located in Breach Candy, Mumbai, Maharashtra, is provided a unique IFSC like SCBL0036059 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Standard Chartered Bank branch in Mumbai.
- 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 Mumbai and Greater Bombay.
- 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 Standard Chartered Bank in Breach Candy do not get misguided to another person.
Format of the IFSC Code SCBL0036059
The format of the IFSC Code for banks, including Standard Chartered Bank, has an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For Standard Chartered Bank, 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 Breach Candy in Mumbai.
For example, the IFSC Code SCBL0036059 of Standard Chartered Bank for the Breach Candy branch includes these elements, identifying the bank and the branch location in Mumbai and Maharashtra correctly.
How to Find IFSC Code for Standard Chartered Bank?
If you are trying to find the IFSC Code SCBL0036059 of Standard Chartered Bank for its Breach Candy branch located in Mumbai, the following methods can help:
Cheque Book
The cheque book issued by Standard Chartered Bank 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 Standard Chartered Bank branches in Mumbai and Greater Bombay, print them on the first page of your passbook.
Bank Website
Visit the official website of Standard Chartered Bank and navigate to the branch locator section. Search for Breach Candy or Mumbai to get the exact IFSC Code SCBL0036059.
Mobile Banking App
If you use Standard Chartered Bank'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 Standard Chartered Bank and Mumbai, you'll get the correct details.
How to Use IFSC Code SCBL0036059 for Online Transfers?
Once you have the IFSC Code SCBL0036059 for the Breach Candy branch of Standard Chartered Bank in Mumbai, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SCBL0036059. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and Standard Chartered Bank IFSC Code SCBL0036059.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Standard Chartered Bank Breach Candy in Mumbai, it can result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Standard Chartered Bank in Breach Candy, here are some of the ways you can get it:
- Check the bottom of your cheque leaf.
- Refer to the first page of your passbook.
- Visit the official Standard Chartered Bank website.
- Search the RBI portal.
Knowing both IFSC and MICR code can help account holders in Mumbai manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is SCBL0036059.
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 87, Bhulabai Desai Rd,Breach Candy, located in Mumbai, Greater Bombay, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.