Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of The Sindhudurg District Central Coop Bank Ltd for its Madura branch in Madura, Sindhudurg, or Maharashtra, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of The Sindhudurg District Central Coop Bank Ltd located in Madura or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SIDC0001073. You should definitely know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for The Sindhudurg District Central Coop Bank Ltd, Madura, Madura
Here are some of the key details that come with the IFSC Code SIDC0001073 of The Sindhudurg District Central Coop Bank Ltd for its branch located in Madura, within the district of Sindhudurg in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | The Sindhudurg District Central Coop Bank Ltd |
| IFSC Code | SIDC0001073 |
| Branch | Madura |
| City | Madura |
| District | Sindhudurg |
| State | Maharashtra |
| Address | At And Post Madura Tal Sawantwadi |
These details helps users in online banking and for businesses and individuals who use The Sindhudurg District Central Coop Bank Ltd in Madura for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SIDC0001073 for the Madura branch of The Sindhudurg District Central Coop Bank Ltd plays a vital 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, including The Sindhudurg District Central Coop Bank Ltd located in Madura, Madura, Maharashtra, is provided with a unique IFSC like SIDC0001073 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the The Sindhudurg District Central Coop Bank Ltd branch in Madura.
- 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 Madura and Sindhudurg.
- 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 Sindhudurg District Central Coop Bank Ltd in Madura do not get mixed with another location.
Format of the IFSC Code SIDC0001073
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:
- First 4 characters (AAAA): These represent the bank code. In The Sindhudurg District Central Coop 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 Madura in Madura.
For example, the IFSC Code SIDC0001073 of The Sindhudurg District Central Coop Bank Ltd for the Madura branch has these elements, identifying the bank and the branch location in Madura and Maharashtra correctly.
How to Find IFSC Code for The Sindhudurg District Central Coop Bank Ltd?
If you are trying to find the IFSC Code SIDC0001073 of The Sindhudurg District Central Coop Bank Ltd for its Madura branch located in Madura, the following methods can help:
Cheque Book
The cheque books that are issued by The Sindhudurg District Central Coop Bank Ltd include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including The Sindhudurg District Central Coop Bank Ltd branches in Madura and Sindhudurg, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of The Sindhudurg District Central Coop Bank Ltd and find the branch locator section. Search for Madura or Madura to get the exact IFSC Code SIDC0001073.
Mobile Banking App
If you use The Sindhudurg District Central Coop Bank Ltd's mobile app, you can easily check your account details to find your branch's IFSC code.
RBI Website
The Reserve Bank of India maintains an updated database of all IFSC codes to help you in searching for The Sindhudurg District Central Coop Bank Ltd and Madura that will provide accurate information.
How to Use IFSC Code SIDC0001073 for Online Transfers?
If you have the IFSC Code SIDC0001073 for the Madura branch of The Sindhudurg District Central Coop Bank Ltd in Madura, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SIDC0001073. Transfers are processed in batches. 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. Asks for the recipient's account details and The Sindhudurg District Central Coop Bank Ltd IFSC Code SIDC0001073.
Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for The Sindhudurg District Central Coop Bank Ltd Madura in Madura, it may result in delayed or failed transactions.
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 Sindhudurg District Central Coop Bank Ltd in Madura, here are some ways to obtain 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.
Having both the IFSC and MICR codes makes it easy for account holders in Madura to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is SIDC0001073.
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 At And Post Madura Tal Sawantwadi located in Madura, Sindhudurg, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.