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 Pragati Sahakari Bank Ltd Alembic Colony branch in Vadodara, Vadodara, 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 Vadodara or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code GSCB0PSBL02. 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, Pragati Sahakari Bank Ltd Alembic Colony, Vadodara
Below in the table are the key details related to IFSC Code GSCB0PSBL02 of The Gujarat State Cooperative Bank Limited for its branch located in Vadodara, within the district of Vadodara in the state of Gujarat.
| Particulars | Details |
|---|---|
| Bank | The Gujarat State Cooperative Bank Limited |
| IFSC Code | GSCB0PSBL02 |
| Branch | Pragati Sahakari Bank Ltd Alembic Colony |
| City | Vadodara |
| District | Vadodara |
| State | Gujarat |
| Address | Alembic Colony, Gorwa Road, Vadodara - 390003 |
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 Vadodara for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code GSCB0PSBL02 for the Pragati Sahakari Bank Ltd Alembic Colony 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 that is provided by the Reserve Bank of India. A unique IFSC like GSCB0PSBL02 is given to every bank branch, including The Gujarat State Cooperative Bank Limited located in Pragati Sahakari Bank Ltd Alembic Colony, Vadodara, Gujarat, 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 Vadodara.
- 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 Vadodara and Vadodara.
- 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 Gujarat and the rest of India, which is why the IFSC Code ensures that transactions meant for The Gujarat State Cooperative Bank Limited in Pragati Sahakari Bank Ltd Alembic Colony doesn't end up at another location.
Format of the IFSC Code GSCB0PSBL02
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 Pragati Sahakari Bank Ltd Alembic Colony in Vadodara.
For example, the IFSC Code GSCB0PSBL02 of The Gujarat State Cooperative Bank Limited for the Pragati Sahakari Bank Ltd Alembic Colony branch includes these elements, identifying the bank and the branch location in Vadodara and Gujarat accurately.
How to Find IFSC Code for The Gujarat State Cooperative Bank Limited?
If you are looking for the IFSC Code GSCB0PSBL02 of The Gujarat State Cooperative Bank Limited for its Pragati Sahakari Bank Ltd Alembic Colony branch located in Vadodara, 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 Vadodara and Vadodara, 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 Pragati Sahakari Bank Ltd Alembic Colony or Vadodara to get the exact IFSC Code GSCB0PSBL02.
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 Vadodara, then it will provide you proper information.
How to Use IFSC Code GSCB0PSBL02 for Online Transfers?
Once you have the IFSC Code GSCB0PSBL02 for the Pragati Sahakari Bank Ltd Alembic Colony branch of The Gujarat State Cooperative Bank Limited in Vadodara, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code GSCB0PSBL02. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and The Gujarat State Cooperative Bank Limited IFSC Code GSCB0PSBL02.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for The Gujarat State Cooperative Bank Limited Pragati Sahakari Bank Ltd Alembic Colony in Vadodara, it can 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 Pragati Sahakari Bank Ltd Alembic Colony, 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 Vadodara to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is GSCB0PSBL02.
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 Alembic Colony, Gorwa Road, Vadodara - 390003 located in Vadodara, Vadodara, Gujarat.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.