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 Suklwad branch in Suklwad, 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 Suklwad or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SIDC0001063. 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, Suklwad, Suklwad
Here are the key points that are associated with the IFSC Code SIDC0001063 of The Sindhudurg District Central Coop Bank Ltd for its branch located in Suklwad, within the district of Sindhudurg in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | The Sindhudurg District Central Coop Bank Ltd |
| IFSC Code | SIDC0001063 |
| Branch | Suklwad |
| City | Suklwad |
| District | Sindhudurg |
| State | Maharashtra |
| Address | At And Post Sukalwad Tal Malvan |
These details help users in online banking and for businesses and individuals who use The Sindhudurg District Central Coop Bank Ltd in Suklwad for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SIDC0001063 for the Suklwad 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 provided by the Reserve Bank of India. Every bank branch, along with The Sindhudurg District Central Coop Bank Ltd located in Suklwad, Suklwad, Maharashtra, are allotted a unique IFSC like SIDC0001063 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Suklwad.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Suklwad 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 Suklwad reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code SIDC0001063
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 Suklwad in Suklwad.
For example, the IFSC Code SIDC0001063 of The Sindhudurg District Central Coop Bank Ltd for the Suklwad branch includes these elements, identifying the bank and the branch location in Suklwad and Maharashtra correctly.
How to Find IFSC Code for The Sindhudurg District Central Coop Bank Ltd?
To find the IFSC Code SIDC0001063 of The Sindhudurg District Central Coop Bank Ltd for its Suklwad branch located in Suklwad, 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 Suklwad 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 Suklwad or Suklwad to find the exact IFSC Code SIDC0001063.
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 Suklwad will provide accurate information.
How to Use IFSC Code SIDC0001063 for Online Transfers?
Once you have the IFSC Code SIDC0001063 for the Suklwad branch of The Sindhudurg District Central Coop Bank Ltd in Suklwad, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SIDC0001063. Transfers are processed in batches. This is suitable for 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 SIDC0001063.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for The Sindhudurg District Central Coop Bank Ltd Suklwad in Suklwad may 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 Suklwad, 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 Suklwad manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is SIDC0001063.
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 Sukalwad Tal Malvan located in Suklwad, Sindhudurg, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.