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 Sawantwadi branch in Sawantwadi, 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 Sawantwadi or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SIDC0001022. 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, Sawantwadi, Sawantwadi
Here are the main details that are associated with the IFSC Code SIDC0001022 of The Sindhudurg District Central Coop Bank Ltd for its branch located in Sawantwadi, within the district of Sindhudurg in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | The Sindhudurg District Central Coop Bank Ltd |
| IFSC Code | SIDC0001022 |
| Branch | Sawantwadi |
| City | Sawantwadi |
| District | Sindhudurg |
| State | Maharashtra |
| Address | At And Post And Tal Sawantwadi |
These details helps users in online banking and for businesses and individuals who use The Sindhudurg District Central Coop Bank Ltd in Sawantwadi for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SIDC0001022 for the Sawantwadi 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, along with The Sindhudurg District Central Coop Bank Ltd located in Sawantwadi, Sawantwadi, Maharashtra, are given a unique IFSC like SIDC0001022 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Sawantwadi.
- 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 Sawantwadi 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 Sawantwadi 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 SIDC0001022
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): Show the bank code. For The Sindhudurg District Central Coop Bank Ltd, these letters represent the bank's short name.
- 5th character: Is always zero and is kept for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Sawantwadi in Sawantwadi.
For example, the IFSC Code SIDC0001022 of The Sindhudurg District Central Coop Bank Ltd for the Sawantwadi branch includes these elements, identifying the bank and the branch location in Sawantwadi and Maharashtra accurately.
How to Find IFSC Code for The Sindhudurg District Central Coop Bank Ltd?
If you are looking for the IFSC Code SIDC0001022 of The Sindhudurg District Central Coop Bank Ltd for its Sawantwadi branch located in Sawantwadi, the following methods can help:
Cheque Book
The cheque book that is issued by The Sindhudurg District Central Coop Bank Ltd includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including The Sindhudurg District Central Coop Bank Ltd branches in Sawantwadi and Sindhudurg, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of The Sindhudurg District Central Coop Bank Ltd and look for the branch locator section, then search for Sawantwadi or Sawantwadi to get the exact IFSC Code SIDC0001022.
Mobile Banking App
If you use The Sindhudurg District Central Coop Bank Ltd's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for The Sindhudurg District Central Coop Bank Ltd and Sawantwadi, then it will provide you proper information.
How to Use IFSC Code SIDC0001022 for Online Transfers?
Once you have the IFSC Code SIDC0001022 for the Sawantwadi branch of The Sindhudurg District Central Coop Bank Ltd in Sawantwadi, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code SIDC0001022. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹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 SIDC0001022.
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 Sawantwadi in Sawantwadi, 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 Sawantwadi, 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 Sawantwadi to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is SIDC0001022.
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 And Tal Sawantwadi located in Sawantwadi, Sindhudurg, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.