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 The Gujarat State Cooperative Bank Limited for its Marketyard Commercial Co Op Bank Ltd - Patan Branch branch in Patan, Patan, Gujarat, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of The Gujarat State Cooperative Bank Limited located in Patan or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code GSCB0UMCC02. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for The Gujarat State Cooperative Bank Limited, Marketyard Commercial Co Op Bank Ltd - Patan Branch, Patan
Here are the main details that are associated with the IFSC Code GSCB0UMCC02 of The Gujarat State Cooperative Bank Limited for its branch located in Patan, within the district of Patan in the state of Gujarat.
| Particulars | Details |
|---|---|
| Bank | The Gujarat State Cooperative Bank Limited |
| IFSC Code | GSCB0UMCC02 |
| Branch | Marketyard Commercial Co Op Bank Ltd - Patan Branch |
| City | Patan |
| District | Patan |
| State | Gujarat |
| Address | Beside Laxmi Nivas, Near Railway Station, Patan-384265 |
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 Patan for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code GSCB0UMCC02 for the Marketyard Commercial Co Op Bank Ltd - Patan Branch 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, along with The Gujarat State Cooperative Bank Limited located in Marketyard Commercial Co Op Bank Ltd - Patan Branch, Patan, Gujarat, are allotted a unique IFSC like GSCB0UMCC02 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Patan.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Patan and Patan.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to The Gujarat State Cooperative Bank Limited in Marketyard Commercial Co Op Bank Ltd - Patan Branch reaches the right place, even though there are thousands of branches in Gujarat and across India.
Format of the IFSC Code GSCB0UMCC02
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 of this:
- First 4 characters (AAAA): Represent the bank code. For The Gujarat State Cooperative Bank Limited, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Marketyard Commercial Co Op Bank Ltd - Patan Branch in Patan.
For example, the IFSC Code GSCB0UMCC02 of The Gujarat State Cooperative Bank Limited for the Marketyard Commercial Co Op Bank Ltd - Patan Branch branch includes these elements, identifying the bank and the branch location in Patan and Gujarat accurately.
How to Find IFSC Code for The Gujarat State Cooperative Bank Limited?
If you are trying to find the IFSC Code GSCB0UMCC02 of The Gujarat State Cooperative Bank Limited for its Marketyard Commercial Co Op Bank Ltd - Patan Branch branch located in Patan, the following methods can help:
Cheque Book
The cheque book issued by The Gujarat State Cooperative Bank Limited 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 The Gujarat State Cooperative Bank Limited branches in Patan and Patan, print them on the first page of your passbook.
Bank Website
Visit the official website of The Gujarat State Cooperative Bank Limited and navigate to the branch locator section. Search for Marketyard Commercial Co Op Bank Ltd - Patan Branch or Patan to get the exact IFSC Code GSCB0UMCC02.
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 keeps an updated list of all IFSC codes. If you search for The Gujarat State Cooperative Bank Limited and Patan, you'll get the correct details.
How to Use IFSC Code GSCB0UMCC02 for Online Transfers?
Once you have the IFSC Code GSCB0UMCC02 for the Marketyard Commercial Co Op Bank Ltd - Patan Branch branch of The Gujarat State Cooperative Bank Limited in Patan, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code GSCB0UMCC02. 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 GSCB0UMCC02.
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 Marketyard Commercial Co Op Bank Ltd - Patan Branch in Patan, 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 The Gujarat State Cooperative Bank Limited in Marketyard Commercial Co Op Bank Ltd - Patan 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 Gujarat State Cooperative Bank Limited website.
- Search the RBI portal.
Having both the IFSC and MICR codes makes it easy for account holders in Patan to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is GSCB0UMCC02.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Beside Laxmi Nivas, Near Railway Station, Patan-384265 located in Patan, Patan, Gujarat.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.