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 Satara District Central Cooperative Bank Ltd for its Marali branch in Satara, Marali, Maharashtra, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today 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 SDCE0001059. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for The Satara District Central Cooperative Bank Ltd, Marali, Satara
The table below shows the main details of the IFSC Code SDCE0001059 for the The Satara District Central Cooperative Bank Ltd branch in Satara, which falls under the Marali district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | The Satara District Central Cooperative Bank Ltd |
| IFSC Code | SDCE0001059 |
| Branch | Marali |
| City | Satara |
| District | Marali |
| State | Maharashtra |
| Address | Tal-Patan,Dist-Satara |
These details help users in online banking and for businesses and individuals who use The Satara District Central Cooperative Bank Ltd in Satara for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SDCE0001059 for the Marali branch of The Satara District Central Cooperative Bank Ltd has a very 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 Satara District Central Cooperative Bank Ltd located in Marali, Satara, Maharashtra, are given a unique IFSC like SDCE0001059 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Satara.
- 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 Satara and Marali.
- 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 Satara District Central Cooperative Bank Ltd in Marali goes to the correct branch. This is important because The Satara District Central Cooperative Bank Ltd has thousands of branches in Maharashtra and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code SDCE0001059
The format of the IFSC Code for banks, including The Satara District Central Cooperative Bank Ltd, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): These represent the bank code. In The Satara District Central Cooperative Bank Ltd, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Marali in Satara.
For example, the IFSC Code SDCE0001059 of The Satara District Central Cooperative Bank Ltd for the Marali branch has 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 SDCE0001059 of The Satara District Central Cooperative Bank Ltd for its Marali 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
Most banks, including The Satara District Central Cooperative Bank Ltd branches in Satara and Marali, print the IFSC and MICR codes 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 Marali or Satara to get the exact IFSC Code SDCE0001059.
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 SDCE0001059 for Online Transfers?
Once you have the IFSC Code SDCE0001059 for the Marali branch of The Satara District Central Cooperative Bank Ltd in Satara, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code SDCE0001059. The transfer is completed in batches instead of instantly. It is useful for both 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 Satara District Central Cooperative Bank Ltd IFSC Code SDCE0001059.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the The Satara District Central Cooperative Bank Ltd Marali in Satara, 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 Satara District Central Cooperative Bank Ltd in Marali, 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 Satara District Central Cooperative Bank Ltd website.
- Search the RBI portal.
If you know both IFSC and MICR codes, then it can help account holders in Satara manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is SDCE0001059.
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 Tal-Patan,Dist-Satara located in Satara, Marali, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.