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 Shravan branch in Shravan, 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 Shravan or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SIDC0001062. 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, Shravan, Shravan
The table below shows the main details of the IFSC Code SIDC0001062 for the The Sindhudurg District Central Coop Bank Ltd branch in Shravan, which falls under the Sindhudurg district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | The Sindhudurg District Central Coop Bank Ltd |
| IFSC Code | SIDC0001062 |
| Branch | Shravan |
| City | Shravan |
| District | Sindhudurg |
| State | Maharashtra |
| Address | At And Post Shravan Tal Malvan |
These details helps users in online banking and for businesses and individuals who use The Sindhudurg District Central Coop Bank Ltd in Shravan for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SIDC0001062 for the Shravan 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 Shravan, Shravan, Maharashtra, are allotted a unique IFSC like SIDC0001062 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Shravan.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Shravan 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 Shravan reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code SIDC0001062
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 Shravan in Shravan.
For example, the IFSC Code SIDC0001062 of The Sindhudurg District Central Coop Bank Ltd for the Shravan branch includes these elements, identifying the bank and the branch location in Shravan 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 SIDC0001062 of The Sindhudurg District Central Coop Bank Ltd for its Shravan branch located in Shravan, 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 Shravan 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 Shravan or Shravan to get the exact IFSC Code SIDC0001062.
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 Shravan, you'll get the correct details.
How to Use IFSC Code SIDC0001062 for Online Transfers?
Once you have the IFSC Code SIDC0001062 for the Shravan branch of The Sindhudurg District Central Coop Bank Ltd in Shravan, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code SIDC0001062. 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 SIDC0001062.
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 Shravan in Shravan, your payment can get delayed or might not go through at all.
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 Shravan, 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 Shravan manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is SIDC0001062.
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 Shravan Tal Malvan located in Shravan, Sindhudurg, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.