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 Palashi Man branch in Satara, Palashi Man, 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 SDCE0001149. 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, Palashi Man, Satara

Here are the main details that are associated with the IFSC Code SDCE0001149 of The Satara District Central Cooperative Bank Ltd for its branch located in Satara, within the district of Palashi Man in the state of Maharashtra.

Particulars Details
Bank The Satara District Central Cooperative Bank Ltd
IFSC Code SDCE0001149
Branch Palashi Man
City Satara
District Palashi Man
State Maharashtra
Address Tal-Man,Dist-Satara

These details are essential not only for online banking users but also for businesses and individuals who use The Satara District Central Cooperative Bank Ltd in Satara for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SDCE0001149 for the Palashi Man branch of The Satara District Central Cooperative Bank Ltd 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 provided by the Reserve Bank of India. Every bank branch, along with The Satara District Central Cooperative Bank Ltd located in Palashi Man, Satara, Maharashtra, are given a unique IFSC like SDCE0001149 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 Palashi Man.
  • 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 Palashi Man 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 SDCE0001149

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 Palashi Man in Satara.

For example, the IFSC Code SDCE0001149 of The Satara District Central Cooperative Bank Ltd for the Palashi Man 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 SDCE0001149 of The Satara District Central Cooperative Bank Ltd for its Palashi Man 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 Palashi Man, 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 Palashi Man or Satara to get the exact IFSC Code SDCE0001149.

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 SDCE0001149 for Online Transfers?

Once you have the IFSC Code SDCE0001149 for the Palashi Man 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 SDCE0001149. 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 SDCE0001149.

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 Palashi Man 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 Palashi Man, 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 Palashi Man, Satara?

The IFSC Code is SDCE0001149.

Is the IFSC Code SDCE0001149 permanent?

Yes, but there can be changes during mergers or restructuring.

Is MICR the same as IFSC?

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

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

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

What is the full address of the Palashi Man branch?

The address of the branch is Tal-Man,Dist-Satara located in Satara, Palashi Man, 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.