There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of The Gujarat State Cooperative Bank Limited for its The Banaskantha Dist Cent Co Op Bank Ltd Madana branch in Banaskantha, Madana, Gujarat, then this comprehensive guide will provide you with detailed information.

The banking system in India has changed over time, and today the customers of The Gujarat State Cooperative Bank Limited situated in Banaskantha or anywhere in Gujarat can easily transfer funds instantly by using the correct IFSC Code GSCB0BKD049. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.

Details of IFSC Code for The Gujarat State Cooperative Bank Limited, The Banaskantha Dist Cent Co Op Bank Ltd Madana, Banaskantha

Below in the table are the key details related to IFSC Code GSCB0BKD049 of The Gujarat State Cooperative Bank Limited for its branch located in Banaskantha, within the district of Madana in the state of Gujarat.

Particulars Details
Bank The Gujarat State Cooperative Bank Limited
IFSC Code GSCB0BKD049
Branch The Banaskantha Dist Cent Co Op Bank Ltd Madana
City Banaskantha
District Madana
State Gujarat
Address At Post Madana

These details are important not only for users using online banking but also for businesses and individuals who use The Gujarat State Cooperative Bank Limited in Banaskantha for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code GSCB0BKD049 for the The Banaskantha Dist Cent Co Op Bank Ltd Madana branch of The Gujarat State Cooperative Bank Limited is vital.

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 Gujarat State Cooperative Bank Limited located in The Banaskantha Dist Cent Co Op Bank Ltd Madana, Banaskantha, Gujarat, is provided with a unique IFSC like GSCB0BKD049 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It uniquely identifies the The Gujarat State Cooperative Bank Limited branch in Banaskantha.
  • 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 Banaskantha and Madana.
  • 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 Gujarat and the rest of India and the IFSC Code ensures that transactions meant for The Gujarat State Cooperative Bank Limited in The Banaskantha Dist Cent Co Op Bank Ltd Madana do not get mixed with another location.

Format of the IFSC Code GSCB0BKD049

The format of the IFSC Code for banks, including The Gujarat State Cooperative Bank Limited, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown:

  • First 4 characters (AAAA): These represent the bank code. In The Gujarat State Cooperative Bank Limited, they are a short identifier for the bank.
  • 5th character (0): This is always zero and is reserved for future use.
  • Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like The Banaskantha Dist Cent Co Op Bank Ltd Madana in Banaskantha.

For example, the IFSC Code GSCB0BKD049 of The Gujarat State Cooperative Bank Limited for the The Banaskantha Dist Cent Co Op Bank Ltd Madana branch has these elements, identifying the bank and the branch location in Banaskantha and Gujarat correctly.

How to Find IFSC Code for The Gujarat State Cooperative Bank Limited?

To find the IFSC Code GSCB0BKD049 of The Gujarat State Cooperative Bank Limited for its The Banaskantha Dist Cent Co Op Bank Ltd Madana branch located in Banaskantha, the following methods can help you out:

Cheque Book

The cheque book issued by The Gujarat State 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 The Gujarat State Cooperative Bank Limited branches in Banaskantha and Madana, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

Visit the official website of The Gujarat State Cooperative Bank Limited and go to the branch locator section. Then search for The Banaskantha Dist Cent Co Op Bank Ltd Madana or Banaskantha to find the exact IFSC Code GSCB0BKD049.

Mobile Banking App

If you use The Gujarat State 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 The Gujarat State Cooperative Bank Limited and Banaskantha will provide accurate information.

How to Use IFSC Code GSCB0BKD049 for Online Transfers?

If you have the IFSC Code GSCB0BKD049 for the The Banaskantha Dist Cent Co Op Bank Ltd Madana branch of The Gujarat State Cooperative Bank Limited in Banaskantha, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code GSCB0BKD049. 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 Gujarat State Cooperative Bank Limited IFSC Code GSCB0BKD049.

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 Gujarat State Cooperative Bank Limited The Banaskantha Dist Cent Co Op Bank Ltd Madana in Banaskantha, 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 Gujarat State Cooperative Bank Limited in The Banaskantha Dist Cent Co Op Bank Ltd Madana, 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 Gujarat State Cooperative Bank Limited website.
  • Search the RBI portal.

Having both the IFSC and MICR codes makes it easy for account holders in Banaskantha to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of The Gujarat State Cooperative Bank Limited in The Banaskantha Dist Cent Co Op Bank Ltd Madana, Banaskantha?

The IFSC Code is GSCB0BKD049.

Is the IFSC Code GSCB0BKD049 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of The Gujarat State Cooperative Bank Limited The Banaskantha Dist Cent Co Op Bank Ltd Madana?

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the The Banaskantha Dist Cent Co Op Bank Ltd Madana branch?

The address of the branch is At Post Madana located in Banaskantha, Madana, Gujarat.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.