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 Sindhudurg District Central Coop Bank Ltd for its Masure branch in Masure, Sindhudurg, 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 Sindhudurg District Central Coop Bank Ltd located in Masure or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SIDC0001041. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for The Sindhudurg District Central Coop Bank Ltd, Masure, Masure
Here are the key points that are associated with the IFSC Code SIDC0001041 of The Sindhudurg District Central Coop Bank Ltd for its branch located in Masure, within the district of Sindhudurg in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | The Sindhudurg District Central Coop Bank Ltd |
| IFSC Code | SIDC0001041 |
| Branch | Masure |
| City | Masure |
| District | Sindhudurg |
| State | Maharashtra |
| Address | At And Post Masure Tal Malvan |
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 Masure for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SIDC0001041 for the Masure 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, including The Sindhudurg District Central Coop Bank Ltd located in Masure, Masure, Maharashtra, is provided with a unique IFSC like SIDC0001041 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 Masure.
- 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 Masure 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 Masure do not get mixed with another location.
Format of the IFSC Code SIDC0001041
This is 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 explanation:
- First 4 characters (AAAA): This is the bank code. For The Sindhudurg District Central Coop Bank Ltd, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Masure in Masure.
For example, the IFSC Code SIDC0001041 of The Sindhudurg District Central Coop Bank Ltd for the Masure branch includes these elements, identifying the bank and the branch location in Masure and Maharashtra accurately.
How to Find IFSC Code for The Sindhudurg District Central Coop Bank Ltd?
To find the IFSC Code SIDC0001041 of The Sindhudurg District Central Coop Bank Ltd for its Masure branch located in Masure, the following methods can help you out:
Cheque Book
The cheque book issued by The Sindhudurg District Central Coop Bank Ltd includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including The Sindhudurg District Central Coop Bank Ltd branches in Masure 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 go to the branch locator section. Then search for Masure or Masure to find the exact IFSC Code SIDC0001041.
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 maintains an updated database of all IFSC codes. Searching for The Sindhudurg District Central Coop Bank Ltd and Masure will provide accurate information.
How to Use IFSC Code SIDC0001041 for Online Transfers?
Once you have the IFSC Code SIDC0001041 for the Masure branch of The Sindhudurg District Central Coop Bank Ltd in Masure, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SIDC0001041. 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 Sindhudurg District Central Coop Bank Ltd IFSC Code SIDC0001041.
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 Sindhudurg District Central Coop Bank Ltd Masure in Masure, it can 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 Masure, 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 Masure to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is SIDC0001041.
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 Masure Tal Malvan located in Masure, Sindhudurg, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.