There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of The Satara District Central Cooperative Bank Ltd for its Savade branch in Satara, Savade, Maharashtra, then this comprehensive guide will provide you with detailed information.

The banking system in India has changed over time, and today the customers of The Satara District Central Cooperative Bank Ltd situated in Satara or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code SDCE0001095. You should 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, Savade, Satara

Here are the key points that are associated with the IFSC Code SDCE0001095 of The Satara District Central Cooperative Bank Ltd for its branch located in Satara, within the district of Savade in the state of Maharashtra.

Particulars Details
Bank The Satara District Central Cooperative Bank Ltd
IFSC Code SDCE0001095
Branch Savade
City Satara
District Savade
State Maharashtra
Address Tal-Karad,Dist-Satara

These details are crucial, not just for online banking users but also for businesses and individuals who use The Satara District Central Cooperative Bank Ltd in Satara for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SDCE0001095 for the Savade branch of The Satara District Central Cooperative Bank Ltd 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 that is provided by the Reserve Bank of India. A unique IFSC like SDCE0001095 is given to every bank branch, including The Satara District Central Cooperative Bank Ltd located in Savade, 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 Savade.
  • 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 Savade doesn't end up at another location.

Format of the IFSC Code SDCE0001095

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 Savade in Satara.

For example, the IFSC Code SDCE0001095 of The Satara District Central Cooperative Bank Ltd for the Savade 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 looking for the IFSC Code SDCE0001095 of The Satara District Central Cooperative Bank Ltd for its Savade branch located in Satara, the following methods can help:

Cheque Book

The cheque book that is issued by The Satara District Central Cooperative Bank Ltd includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.

Passbook

Most of the banks, including The Satara District Central Cooperative Bank Ltd branches in Satara and Savade, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

You can visit the official website of The Satara District Central Cooperative Bank Ltd and look for the branch locator section, then search for Savade or Satara to get the exact IFSC Code SDCE0001095.

Mobile Banking App

If you use The Satara District Central Cooperative Bank Ltd's mobile app, you can check your account details to easily find your branch's IFSC code.

RBI Website

The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for The Satara District Central Cooperative Bank Ltd and Satara, then it will provide you proper information.

How to Use IFSC Code SDCE0001095 for Online Transfers?

Once you have the IFSC Code SDCE0001095 for the Savade 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 SDCE0001095. 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 SDCE0001095.

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 Savade in Satara, your payment can get delayed or might not go through at all.

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 Savade, 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 Savade Satara?

The IFSC Code of the Savade Satara branch is SDCE0001095.

Is IFSC Code SDCE0001095 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the The Satara District Central Cooperative Bank Ltd Savade branch?

The branch is located at Tal-Karad,Dist-Satara.

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.