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 Satara District Central Cooperative Bank Ltd for its Mhavashi branch in Satara, Mhavashi Br Patan, Maharashtra, 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 Satara District Central Cooperative Bank Ltd located in Satara or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SDCE0001279. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for The Satara District Central Cooperative Bank Ltd, Mhavashi, Satara

Here are some of the key details that come with the IFSC Code SDCE0001279 of The Satara District Central Cooperative Bank Ltd for its branch located in Satara, within the district of Mhavashi Br Patan in the state of Maharashtra.

Particulars Details
Bank The Satara District Central Cooperative Bank Ltd
IFSC Code SDCE0001279
Branch Mhavashi
City Satara
District Mhavashi Br Patan
State Maharashtra
Address Tal-Patan,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 SDCE0001279 for the Mhavashi 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 provided by the Reserve Bank of India. Every bank branch, including The Satara District Central Cooperative Bank Ltd located in Mhavashi, Satara, Maharashtra, is provided with a unique IFSC like SDCE0001279 to ensure that online payments reach the right destination.

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 errors or confusions between multiple branches of the same bank across different places like Satara and Mhavashi Br Patan.
  • It reduces errors in fund transfers and improves accuracy.
  • It allows sender banks to validate and confirm branch details before processing payments.

There are thousands of branches across Maharashtra and the rest of India and the IFSC Code ensures that transactions meant for The Satara District Central Cooperative Bank Ltd in Mhavashi do not get mixed with another location.

Format of the IFSC Code SDCE0001279

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 Mhavashi in Satara.

For example, the IFSC Code SDCE0001279 of The Satara District Central Cooperative Bank Ltd for the Mhavashi 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 SDCE0001279 of The Satara District Central Cooperative Bank Ltd for its Mhavashi 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 Mhavashi Br Patan, 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 Mhavashi or Satara to get the exact IFSC Code SDCE0001279.

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 SDCE0001279 for Online Transfers?

Once you have the IFSC Code SDCE0001279 for the Mhavashi 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 SDCE0001279. The transfer is completed in batches. It is useful for both personal and business payments.

RTGS

Used for payments over ₹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 SDCE0001279.

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 Mhavashi 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 Mhavashi, 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)

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

The IFSC Code is SDCE0001279.

Is the IFSC Code SDCE0001279 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

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

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Mhavashi branch?

The address of the branch is Tal-Patan,Dist-Satara located in Satara, Mhavashi Br Patan, 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.