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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of The Sindhudurg District Central Coop Bank Ltd for its Phondaghat branch in Phondaghat, Sindhudurg, Maharashtra, then this guide will give you detailed information.
The banking system has evolved significantly in India, and today the customers of The Sindhudurg District Central Coop Bank Ltd located in Phondaghat or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SIDC0001006. 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, Phondaghat, Phondaghat
Here are the key points that are associated with the IFSC Code SIDC0001006 of The Sindhudurg District Central Coop Bank Ltd for its branch located in Phondaghat, within the district of Sindhudurg in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | The Sindhudurg District Central Coop Bank Ltd |
| IFSC Code | SIDC0001006 |
| Branch | Phondaghat |
| City | Phondaghat |
| District | Sindhudurg |
| State | Maharashtra |
| Address | At And Post Phondaghat Tal Kankavali |
These details are important not only for users using online banking but also for businesses and individuals who use The Sindhudurg District Central Coop Bank Ltd in Phondaghat for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SIDC0001006 for the Phondaghat branch of The Sindhudurg District Central Coop Bank Ltd is vital.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, which is 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 Phondaghat, Phondaghat, Maharashtra, is provided a unique IFSC like SIDC0001006 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the The Sindhudurg District Central Coop Bank Ltd branch in Phondaghat.
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Phondaghat and Sindhudurg.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Maharashtra and the rest of India, the IFSC Code ensures that transactions meant for The Sindhudurg District Central Coop Bank Ltd in Phondaghat do not get misguided to another person.
Format of the IFSC Code SIDC0001006
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 Phondaghat in Phondaghat.
For example, the IFSC Code SIDC0001006 of The Sindhudurg District Central Coop Bank Ltd for the Phondaghat branch includes these elements, identifying the bank and the branch location in Phondaghat 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 SIDC0001006 of The Sindhudurg District Central Coop Bank Ltd for its Phondaghat branch located in Phondaghat, 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 Phondaghat 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 Phondaghat or Phondaghat to get the exact IFSC Code SIDC0001006.
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 Phondaghat that will provide accurate information.
How to Use IFSC Code SIDC0001006 for Online Transfers?
Once you have the IFSC Code SIDC0001006 for the Phondaghat branch of The Sindhudurg District Central Coop Bank Ltd in Phondaghat, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code SIDC0001006. The transfer is completed in batches instead of instantly. It is useful for both 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 SIDC0001006.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the The Sindhudurg District Central Coop Bank Ltd Phondaghat in Phondaghat, your payment can get delayed or might not go through at all.
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 Phondaghat, here are some ways that 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.
If you know both IFSC and MICR codes, then it can help account holders in Phondaghat manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is SIDC0001006.
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 Phondaghat Tal Kankavali located in Phondaghat, Sindhudurg, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.