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 Gujarat State Cooperative Bank Limited for its The Bhuj Mercantile Coop Bank Ltd Villeparle E branch in Mumbai, 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 Gujarat State Cooperative Bank Limited located in Mumbai or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code GSCB0UTBM11. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for The Gujarat State Cooperative Bank Limited, The Bhuj Mercantile Coop Bank Ltd Villeparle E, Mumbai
The table below shows the main details of the IFSC Code GSCB0UTBM11 for the The Gujarat State Cooperative Bank Limited branch in Mumbai, which falls under the Mumbai district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | The Gujarat State Cooperative Bank Limited |
| IFSC Code | GSCB0UTBM11 |
| Branch | The Bhuj Mercantile Coop Bank Ltd Villeparle E |
| City | Mumbai |
| District | Mumbai |
| State | Maharashtra |
| Address | 75, Patel House M.G. Cross Road. Opp Bank Of Baroda Vile Parle, (East) Mumbai 400057 |
These details helps users in online banking and for businesses and individuals who use The Gujarat State Cooperative Bank Limited in Mumbai for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code GSCB0UTBM11 for the The Bhuj Mercantile Coop Bank Ltd Villeparle E branch of The Gujarat State 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 that is provided by the Reserve Bank of India. A unique IFSC like GSCB0UTBM11 is given to every bank branch, including The Gujarat State Cooperative Bank Limited located in The Bhuj Mercantile Coop Bank Ltd Villeparle E, Mumbai, Maharashtra, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the The Gujarat State Cooperative Bank Limited branch in Mumbai.
- 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 Mumbai and Mumbai.
- 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 The Gujarat State Cooperative Bank Limited in The Bhuj Mercantile Coop Bank Ltd Villeparle E doesn't end up at another location.
Format of the IFSC Code GSCB0UTBM11
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 Bhuj Mercantile Coop Bank Ltd Villeparle E in Mumbai.
For example, the IFSC Code GSCB0UTBM11 of The Gujarat State Cooperative Bank Limited for the The Bhuj Mercantile Coop Bank Ltd Villeparle E branch has these elements, identifying the bank and the branch location in Mumbai and Maharashtra correctly.
How to Find IFSC Code for The Gujarat State Cooperative Bank Limited?
If you are looking for the IFSC Code GSCB0UTBM11 of The Gujarat State Cooperative Bank Limited for its The Bhuj Mercantile Coop Bank Ltd Villeparle E branch located in Mumbai, the following methods can help:
Cheque Book
The cheque book that is issued by The Gujarat State 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 Gujarat State Cooperative Bank Limited branches in Mumbai 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 Gujarat State Cooperative Bank Limited and look for the branch locator section, then search for The Bhuj Mercantile Coop Bank Ltd Villeparle E or Mumbai to get the exact IFSC Code GSCB0UTBM11.
Mobile Banking App
If you use The Gujarat State 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 Gujarat State Cooperative Bank Limited and Mumbai, then it will provide you proper information.
How to Use IFSC Code GSCB0UTBM11 for Online Transfers?
Once you have the IFSC Code GSCB0UTBM11 for the The Bhuj Mercantile Coop Bank Ltd Villeparle E branch of The Gujarat State Cooperative Bank Limited in Mumbai, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code GSCB0UTBM11. 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 The Gujarat State Cooperative Bank Limited IFSC Code GSCB0UTBM11.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the The Gujarat State Cooperative Bank Limited The Bhuj Mercantile Coop Bank Ltd Villeparle E in Mumbai, 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 The Gujarat State Cooperative Bank Limited in The Bhuj Mercantile Coop Bank Ltd Villeparle E, 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 The Gujarat State Cooperative Bank Limited website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Mumbai manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the The Bhuj Mercantile Coop Bank Ltd Villeparle E Mumbai branch is GSCB0UTBM11.
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 75, Patel House M.G. Cross Road. Opp Bank Of Baroda Vile Parle, (East) Mumbai 400057.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.