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 Pragati Sahakari Bank Ltd Satation Road branch in Vadodara, Vadodara, Gujarat, 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 Vadodara or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code GSCB0PSBL05. 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, Pragati Sahakari Bank Ltd Satation Road, Vadodara
The table below shows the main details of the IFSC Code GSCB0PSBL05 for the The Gujarat State Cooperative Bank Limited branch in Vadodara, which falls under the Vadodara district in Gujarat.
| Particulars | Details |
|---|---|
| Bank | The Gujarat State Cooperative Bank Limited |
| IFSC Code | GSCB0PSBL05 |
| Branch | Pragati Sahakari Bank Ltd Satation Road |
| City | Vadodara |
| District | Vadodara |
| State | Gujarat |
| Address | Manubhai Tawor, Opp College, Sayajigunj, Vadodara- 390005 |
These details are crucial, not just for online banking users but also for businesses and individuals who use The Gujarat State Cooperative Bank Limited in Vadodara for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code GSCB0PSBL05 for the Pragati Sahakari Bank Ltd Satation Road branch of The Gujarat State Cooperative Bank Limited has 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 Pragati Sahakari Bank Ltd Satation Road, Vadodara, Gujarat, are given a unique IFSC like GSCB0PSBL05 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Vadodara.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Vadodara and Vadodara.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to The Gujarat State Cooperative Bank Limited in Pragati Sahakari Bank Ltd Satation Road goes to the correct branch. This is important because The Gujarat State Cooperative Bank Limited has thousands of branches in Gujarat and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code GSCB0PSBL05
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): Show the bank code. For The Gujarat State Cooperative Bank Limited, these letters represent the bank's short name.
- 5th character: Is always zero and is kept for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Pragati Sahakari Bank Ltd Satation Road in Vadodara.
For example, the IFSC Code GSCB0PSBL05 of The Gujarat State Cooperative Bank Limited for the Pragati Sahakari Bank Ltd Satation Road 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 trying to find the IFSC Code GSCB0PSBL05 of The Gujarat State Cooperative Bank Limited for its Pragati Sahakari Bank Ltd Satation Road branch located in Vadodara, 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 Vadodara and Vadodara, 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 Pragati Sahakari Bank Ltd Satation Road or Vadodara to get the exact IFSC Code GSCB0PSBL05.
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 Vadodara, you'll get the correct details.
How to Use IFSC Code GSCB0PSBL05 for Online Transfers?
Once you have the IFSC Code GSCB0PSBL05 for the Pragati Sahakari Bank Ltd Satation Road branch of The Gujarat State Cooperative Bank Limited in Vadodara, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code GSCB0PSBL05. 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 GSCB0PSBL05.
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 Pragati Sahakari Bank Ltd Satation Road in Vadodara 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 Pragati Sahakari Bank Ltd Satation Road, 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 GSCB0PSBL05.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Manubhai Tawor, Opp College, Sayajigunj, Vadodara- 390005 located in Vadodara, Vadodara, Gujarat.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.