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 Padel branch in Padel, 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 Padel or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SIDC0001028. 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, Padel, Padel
Below in the table are the key details related to IFSC Code SIDC0001028 of The Sindhudurg District Central Coop Bank Ltd for its branch located in Padel, within the district of Sindhudurg in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | The Sindhudurg District Central Coop Bank Ltd |
| IFSC Code | SIDC0001028 |
| Branch | Padel |
| City | Padel |
| District | Sindhudurg |
| State | Maharashtra |
| Address | At And Post Padel Tal Devgad |
These details help users in online banking and for businesses and individuals who use The Sindhudurg District Central Coop Bank Ltd in Padel for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SIDC0001028 for the Padel branch of The Sindhudurg District Central Coop Bank Ltd has a very 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 SIDC0001028 is given to every bank branch, including The Sindhudurg District Central Coop Bank Ltd located in Padel, Padel, Maharashtra, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the The Sindhudurg District Central Coop Bank Ltd branch in Padel.
- 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 Padel and Sindhudurg.
- 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 Sindhudurg District Central Coop Bank Ltd in Padel doesn't end up at another location.
Format of the IFSC Code SIDC0001028
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 Padel in Padel.
For example, the IFSC Code SIDC0001028 of The Sindhudurg District Central Coop Bank Ltd for the Padel branch includes these elements, identifying the bank and the branch location in Padel 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 SIDC0001028 of The Sindhudurg District Central Coop Bank Ltd for its Padel branch located in Padel, 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
Most banks, including The Sindhudurg District Central Coop Bank Ltd branches in Padel and Sindhudurg, print the IFSC and MICR codes 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 Padel or Padel to get the exact IFSC Code SIDC0001028.
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 Padel, you'll get the correct details.
How to Use IFSC Code SIDC0001028 for Online Transfers?
Once you have the IFSC Code SIDC0001028 for the Padel branch of The Sindhudurg District Central Coop Bank Ltd in Padel, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SIDC0001028. 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 SIDC0001028.
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 Padel in Padel, 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 Padel, 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 Padel to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is SIDC0001028.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily 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 Padel Tal Devgad located in Padel, Sindhudurg, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.