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 The Greater Bombay Cooperative Bank Limited for its Goregaon Branch branch in Goregaon, 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 The Greater Bombay Cooperative Bank Limited located in Goregaon or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code GBCB0000006. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for The Greater Bombay Cooperative Bank Limited, Goregaon Branch, Goregaon
Here are the key points that are associated with the IFSC Code GBCB0000006 of The Greater Bombay Cooperative Bank Limited for its branch located in Goregaon, within the district of Mumbai in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | The Greater Bombay Cooperative Bank Limited |
| IFSC Code | GBCB0000006 |
| Branch | Goregaon Branch |
| City | Goregaon |
| District | Mumbai |
| State | Maharashtra |
| Address | 110, Jawahar Nagar, Goregaon W |
These details helps users in online banking and for businesses and individuals who use The Greater Bombay Cooperative Bank Limited in Goregaon for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code GBCB0000006 for the Goregaon Branch branch of The Greater Bombay Cooperative Bank Limited 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, including The Greater Bombay Cooperative Bank Limited located in Goregaon Branch, Goregaon, Maharashtra, is provided with a unique IFSC like GBCB0000006 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the The Greater Bombay Cooperative Bank Limited branch in Goregaon.
- 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 Goregaon 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 The Greater Bombay Cooperative Bank Limited in Goregaon Branch do not get mixed with another location.
Format of the IFSC Code GBCB0000006
The format of the IFSC Code for banks, including The Greater Bombay Cooperative Bank Limited, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For The Greater Bombay 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 Goregaon Branch in Goregaon.
For example, the IFSC Code GBCB0000006 of The Greater Bombay Cooperative Bank Limited for the Goregaon Branch branch includes these elements, identifying the bank and the branch location in Goregaon and Maharashtra accurately.
How to Find IFSC Code for The Greater Bombay Cooperative Bank Limited?
If you are looking for the IFSC Code GBCB0000006 of The Greater Bombay Cooperative Bank Limited for its Goregaon Branch branch located in Goregaon, the following methods can help:
Cheque Book
The cheque book that is issued by The Greater Bombay Cooperative Bank Limited includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including The Greater Bombay Cooperative Bank Limited branches in Goregaon and Mumbai, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of The Greater Bombay Cooperative Bank Limited and look for the branch locator section, then search for Goregaon Branch or Goregaon to get the exact IFSC Code GBCB0000006.
Mobile Banking App
If you use The Greater Bombay Cooperative Bank Limited's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for The Greater Bombay Cooperative Bank Limited and Goregaon, then it will provide you proper information.
How to Use IFSC Code GBCB0000006 for Online Transfers?
If you have the IFSC Code GBCB0000006 for the Goregaon Branch branch of The Greater Bombay Cooperative Bank Limited in Goregaon, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code GBCB0000006. 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 The Greater Bombay Cooperative Bank Limited IFSC Code GBCB0000006.
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 The Greater Bombay Cooperative Bank Limited Goregaon Branch in Goregaon, 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 The Greater Bombay Cooperative Bank Limited in Goregaon Branch, 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 The Greater Bombay Cooperative Bank Limited website.
- Search the RBI portal.
Having both the IFSC and MICR codes makes it easy for account holders in Goregaon to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is GBCB0000006.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is 110, Jawahar Nagar, Goregaon W located in Goregaon, Mumbai, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.