Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of The Gujarat State Cooperative Bank Limited for its The Financial Co-Oprative Bank Ltd Bombay Market Branch branch in Surat, Surat, Gujarat, then this guide will give you detailed information.
The banking system has evolved significantly in India, and today the customers of The Gujarat State Cooperative Bank Limited located in Surat or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code GSCB0FINCO5. You should definitely 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 Financial Co-Oprative Bank Ltd Bombay Market Branch, Surat
Here are the main details that are associated with the IFSC Code GSCB0FINCO5 of The Gujarat State Cooperative Bank Limited for its branch located in Surat, within the district of Surat in the state of Gujarat.
| Particulars | Details |
|---|---|
| Bank | The Gujarat State Cooperative Bank Limited |
| IFSC Code | GSCB0FINCO5 |
| Branch | The Financial Co-Oprative Bank Ltd Bombay Market Branch |
| City | Surat |
| District | Surat |
| State | Gujarat |
| Address | L-C 434 To 436, Gate No-3, New Bombay Market, Puna Kumbhariya Road, Surat-395002 |
These details are essential not only for online banking users but also for businesses and individuals who use The Gujarat State Cooperative Bank Limited in Surat for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code GSCB0FINCO5 for the The Financial Co-Oprative Bank Ltd Bombay Market Branch branch of The Gujarat State Cooperative Bank Limited plays an important 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, along with The Gujarat State Cooperative Bank Limited located in The Financial Co-Oprative Bank Ltd Bombay Market Branch, Surat, Gujarat, are allotted a unique IFSC like GSCB0FINCO5 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Surat.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Surat and Surat.
- 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 The Financial Co-Oprative Bank Ltd Bombay Market Branch reaches the right place, even though there are thousands of branches in Gujarat and across India.
Format of the IFSC Code GSCB0FINCO5
This is the format of the IFSC Code for banks, including The Gujarat State Cooperative Bank Limited, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For The Gujarat State Cooperative Bank Limited, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as The Financial Co-Oprative Bank Ltd Bombay Market Branch in Surat.
For example, the IFSC Code GSCB0FINCO5 of The Gujarat State Cooperative Bank Limited for the The Financial Co-Oprative Bank Ltd Bombay Market Branch branch includes these elements, identifying the bank and the branch location in Surat and Gujarat accurately.
How to Find IFSC Code for The Gujarat State Cooperative Bank Limited?
If you are trying to find the IFSC Code GSCB0FINCO5 of The Gujarat State Cooperative Bank Limited for its The Financial Co-Oprative Bank Ltd Bombay Market Branch branch located in Surat, the following methods can help:
Cheque Book
The cheque books that are issued by The Gujarat State Cooperative Bank Limited include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including The Gujarat State Cooperative Bank Limited branches in Surat and Surat, 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 find the branch locator section. Search for The Financial Co-Oprative Bank Ltd Bombay Market Branch or Surat to get the exact IFSC Code GSCB0FINCO5.
Mobile Banking App
If you use The Gujarat State Cooperative Bank Limited's mobile app, you can easily 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 to help you in searching for The Gujarat State Cooperative Bank Limited and Surat that will provide accurate information.
How to Use IFSC Code GSCB0FINCO5 for Online Transfers?
Once you have the IFSC Code GSCB0FINCO5 for the The Financial Co-Oprative Bank Ltd Bombay Market Branch branch of The Gujarat State Cooperative Bank Limited in Surat, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code GSCB0FINCO5. Transfers are processed in batches. This is 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. Requires the recipient's account details and The Gujarat State Cooperative Bank Limited IFSC Code GSCB0FINCO5.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for The Gujarat State Cooperative Bank Limited The Financial Co-Oprative Bank Ltd Bombay Market Branch in Surat 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 Financial Co-Oprative Bank Ltd Bombay Market Branch, here are some ways that you can get 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.
If you know both IFSC and MICR codes, then it can help account holders in Surat manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is GSCB0FINCO5.
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 L-C 434 To 436, Gate No-3, New Bombay Market, Puna Kumbhariya Road, Surat-395002 located in Surat, Surat, Gujarat.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.