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 Satara District Central Cooperative Bank Ltd for its Asawali branch in Satara, Asawali, Maharashtra, then this guide will give you detailed information.

The banking system has evolved significantly in India, and today the customers of The Satara District Central Cooperative Bank Ltd located in Satara or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SDCE0001183. 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 Satara District Central Cooperative Bank Ltd, Asawali, Satara

Here are some of the key details that come with the IFSC Code SDCE0001183 of The Satara District Central Cooperative Bank Ltd for its branch located in Satara, within the district of Asawali in the state of Maharashtra.

Particulars Details
Bank The Satara District Central Cooperative Bank Ltd
IFSC Code SDCE0001183
Branch Asawali
City Satara
District Asawali
State Maharashtra
Address Tal-Khandala,Dist-Satara

These details are important not only for users using online banking but also for businesses and individuals who use The Satara District Central Cooperative Bank Ltd in Satara for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SDCE0001183 for the Asawali branch of The Satara District Central Cooperative Bank Ltd is vital.

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 SDCE0001183 is given to every bank branch, including The Satara District Central Cooperative Bank Ltd located in Asawali, Satara, Maharashtra, to make sure that online payments reach the right place.

The IFSC Code is important because:

  • It uniquely identifies the The Satara District Central Cooperative Bank Ltd branch in Satara.
  • 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 Satara and Asawali.
  • 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 Satara District Central Cooperative Bank Ltd in Asawali doesn't end up at another location.

Format of the IFSC Code SDCE0001183

The format of the IFSC Code for banks, including The Satara District Central Cooperative Bank Ltd, has an 11-character structure:

AAAA0CCCCCC

Here's the breakdown:

  • First 4 characters (AAAA): Show the bank code. For The Satara District Central Cooperative Bank Ltd, 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 Asawali in Satara.

For example, the IFSC Code SDCE0001183 of The Satara District Central Cooperative Bank Ltd for the Asawali branch includes these elements, identifying the bank and the branch location in Satara and Maharashtra correctly.

How to Find IFSC Code for The Satara District Central Cooperative Bank Ltd?

If you are trying to find the IFSC Code SDCE0001183 of The Satara District Central Cooperative Bank Ltd for its Asawali branch located in Satara, the following methods can help:

Cheque Book

The cheque book issued by The Satara District Central Cooperative Bank Ltd 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 Satara District Central Cooperative Bank Ltd branches in Satara and Asawali, print them on the first page of your passbook.

Bank Website

Visit the official website of The Satara District Central Cooperative Bank Ltd and navigate to the branch locator section. Search for Asawali or Satara to get the exact IFSC Code SDCE0001183.

Mobile Banking App

If you use The Satara District Central Cooperative Bank Ltd'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 Satara District Central Cooperative Bank Ltd and Satara, you'll get the correct details.

How to Use IFSC Code SDCE0001183 for Online Transfers?

Once you have the IFSC Code SDCE0001183 for the Asawali branch of The Satara District Central Cooperative Bank Ltd in Satara, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SDCE0001183. 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 Satara District Central Cooperative Bank Ltd IFSC Code SDCE0001183.

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 Satara District Central Cooperative Bank Ltd Asawali in Satara, it can result in delayed or failed transactions.

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 Satara District Central Cooperative Bank Ltd in Asawali, 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 Satara District Central Cooperative Bank Ltd website.
  • Search the RBI portal.

Having both IFSC and MICR codes helps account holders in Satara manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of The Satara District Central Cooperative Bank Ltd in Asawali, Satara?

The IFSC Code is SDCE0001183.

Is the IFSC Code SDCE0001183 permanent?

Yes, but it can change during merging or restructuring of the bank.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and IFSC is for online transfers.

Where can I find the IFSC Code of The Satara District Central Cooperative Bank Ltd Asawali?

You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.

What is the full address of the Asawali branch?

The address of the branch is Tal-Khandala,Dist-Satara located in Satara, Asawali, Maharashtra.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.