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 Sindhudurg District Central Coop Bank Ltd for its Jamsande branch in Jamsande, Sindhudurg, 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 Sindhudurg District Central Coop Bank Ltd located in Jamsande or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SIDC0001055. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for The Sindhudurg District Central Coop Bank Ltd, Jamsande, Jamsande
Below in the table are the key details related to IFSC Code SIDC0001055 of The Sindhudurg District Central Coop Bank Ltd for its branch located in Jamsande, within the district of Sindhudurg in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | The Sindhudurg District Central Coop Bank Ltd |
| IFSC Code | SIDC0001055 |
| Branch | Jamsande |
| City | Jamsande |
| District | Sindhudurg |
| State | Maharashtra |
| Address | Tandpostjmsndetldeogd |
These details are essential not only for online banking users but also for businesses and individuals who use The Sindhudurg District Central Coop Bank Ltd in Jamsande for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SIDC0001055 for the Jamsande branch of The Sindhudurg District Central Coop 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 Sindhudurg District Central Coop Bank Ltd located in Jamsande, Jamsande, Maharashtra, are given a unique IFSC like SIDC0001055 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Jamsande.
- 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 Jamsande and Sindhudurg.
- 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 Sindhudurg District Central Coop Bank Ltd in Jamsande goes to the correct branch. This is important because The Sindhudurg District Central Coop 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 SIDC0001055
The format of the IFSC Code for banks, including The Sindhudurg District Central Coop Bank Ltd, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For The Sindhudurg District Central Coop Bank Ltd, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Jamsande in Jamsande.
For example, the IFSC Code SIDC0001055 of The Sindhudurg District Central Coop Bank Ltd for the Jamsande branch includes these elements, identifying the bank and the branch location in Jamsande and Maharashtra accurately.
How to Find IFSC Code for The Sindhudurg District Central Coop Bank Ltd?
If you are trying to find the IFSC Code SIDC0001055 of The Sindhudurg District Central Coop Bank Ltd for its Jamsande branch located in Jamsande, the following methods can help:
Cheque Book
The cheque book issued by The Sindhudurg District Central Coop 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 Sindhudurg District Central Coop Bank Ltd branches in Jamsande and Sindhudurg, print them on the first page of your passbook.
Bank Website
Visit the official website of The Sindhudurg District Central Coop Bank Ltd and navigate to the branch locator section. Search for Jamsande or Jamsande to get the exact IFSC Code SIDC0001055.
Mobile Banking App
If you use The Sindhudurg District Central Coop 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 Sindhudurg District Central Coop Bank Ltd and Jamsande, you'll get the correct details.
How to Use IFSC Code SIDC0001055 for Online Transfers?
Once you have the IFSC Code SIDC0001055 for the Jamsande branch of The Sindhudurg District Central Coop Bank Ltd in Jamsande, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SIDC0001055. Transfers are processed in batches. This is suitable for 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 Sindhudurg District Central Coop Bank Ltd IFSC Code SIDC0001055.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for The Sindhudurg District Central Coop Bank Ltd Jamsande in Jamsande may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of The Sindhudurg District Central Coop Bank Ltd in Jamsande, here are some of the ways you can get it:
- Check the bottom of your cheque leaf.
- Refer to the first page of your passbook.
- Visit the official The Sindhudurg District Central Coop Bank Ltd website.
- Search the RBI portal.
Knowing both IFSC and MICR code can help account holders in Jamsande manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is SIDC0001055.
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 Tandpostjmsndetldeogd located in Jamsande, Sindhudurg, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.