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 Shiroda branch in Shiroda, 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 Shiroda or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SIDC0001020. 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, Shiroda, Shiroda
Here are some of the key details that come with the IFSC Code SIDC0001020 of The Sindhudurg District Central Coop Bank Ltd for its branch located in Shiroda, within the district of Sindhudurg in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | The Sindhudurg District Central Coop Bank Ltd |
| IFSC Code | SIDC0001020 |
| Branch | Shiroda |
| City | Shiroda |
| District | Sindhudurg |
| State | Maharashtra |
| Address | At And Post Shiroda Tal Vengurla |
These details are crucial, not just for online banking users but also for businesses and individuals who use The Sindhudurg District Central Coop Bank Ltd in Shiroda for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SIDC0001020 for the Shiroda branch of The Sindhudurg District Central Coop Bank Ltd has 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, along with The Sindhudurg District Central Coop Bank Ltd located in Shiroda, Shiroda, Maharashtra, are allotted a unique IFSC like SIDC0001020 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Shiroda.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Shiroda 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 makes sure that money sent to The Sindhudurg District Central Coop Bank Ltd in Shiroda reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code SIDC0001020
The format of the IFSC Code for banks, including The Sindhudurg District Central Coop Bank Ltd, has 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 Shiroda in Shiroda.
For example, the IFSC Code SIDC0001020 of The Sindhudurg District Central Coop Bank Ltd for the Shiroda branch includes these elements, identifying the bank and the branch location in Shiroda and Maharashtra correctly.
How to Find IFSC Code for The Sindhudurg District Central Coop Bank Ltd?
To find the IFSC Code SIDC0001020 of The Sindhudurg District Central Coop Bank Ltd for its Shiroda branch located in Shiroda, 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 Shiroda 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 Shiroda or Shiroda to find the exact IFSC Code SIDC0001020.
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 Shiroda will provide accurate information.
How to Use IFSC Code SIDC0001020 for Online Transfers?
Once you have the IFSC Code SIDC0001020 for the Shiroda branch of The Sindhudurg District Central Coop Bank Ltd in Shiroda, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SIDC0001020. 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 SIDC0001020.
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 Shiroda in Shiroda, it can result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of The Sindhudurg District Central Coop Bank Ltd in Shiroda, here are some of the ways 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.
Knowing both IFSC and MICR code can help account holders in Shiroda manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is SIDC0001020.
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 Shiroda Tal Vengurla located in Shiroda, Sindhudurg, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.