There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Vasai Vikas Sahakari Bank Limited for its Borivali branch in Mumbai, Mumbai, Maharashtra, then this comprehensive guide will provide you with detailed information.

The banking system in India has changed over time, and today the customers of Vasai Vikas Sahakari Bank Limited situated in Mumbai or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code VVSB0000008. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.

Details of IFSC Code for Vasai Vikas Sahakari Bank Limited, Borivali, Mumbai

Here are the key points that are associated with the IFSC Code VVSB0000008 of Vasai Vikas Sahakari Bank Limited for its branch located in Mumbai, within the district of Mumbai in the state of Maharashtra.

Particulars Details
Bank Vasai Vikas Sahakari Bank Limited
IFSC Code VVSB0000008
Branch Borivali
City Mumbai
District Mumbai
State Maharashtra
Address New Krishna Niwas, Chandavarkar Cross Road, Borivali (W), Mumbai 400 092,

These details are essential not only for online banking users but also for businesses and individuals who use Vasai Vikas Sahakari Bank Limited in Mumbai for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code VVSB0000008 for the Borivali branch of Vasai Vikas Sahakari Bank Limited plays an important role.

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 Vasai Vikas Sahakari Bank Limited located in Borivali, Mumbai, Maharashtra, is provided a unique IFSC like VVSB0000008 so that their online payments reach the right place.

The IFSC Code is important because:

  • It uniquely recognizes the Vasai Vikas Sahakari Bank Limited branch in Mumbai.
  • 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 Mumbai and Mumbai.
  • 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 Vasai Vikas Sahakari Bank Limited in Borivali do not get misguided to another person.

Format of the IFSC Code VVSB0000008

The format of the IFSC Code for banks, including Vasai Vikas Sahakari Bank Limited, has an 11-character structure:

AAAA0CCCCCC

Here's the breakdown:

  • First 4 characters (AAAA): Show the bank code. For Vasai Vikas Sahakari Bank Limited, 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 Borivali in Mumbai.

For example, the IFSC Code VVSB0000008 of Vasai Vikas Sahakari Bank Limited for the Borivali branch includes these elements, identifying the bank and the branch location in Mumbai and Maharashtra correctly.

How to Find IFSC Code for Vasai Vikas Sahakari Bank Limited?

If you are trying to find the IFSC Code VVSB0000008 of Vasai Vikas Sahakari Bank Limited for its Borivali branch located in Mumbai, the following methods can help:

Cheque Book

The cheque book issued by Vasai Vikas Sahakari Bank Limited includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.

Passbook

You can easily find the IFSC and MICR codes because most banks, including Vasai Vikas Sahakari Bank Limited branches in Mumbai and Mumbai, print them on the first page of your passbook.

Bank Website

Visit the official website of Vasai Vikas Sahakari Bank Limited and navigate to the branch locator section. Search for Borivali or Mumbai to get the exact IFSC Code VVSB0000008.

Mobile Banking App

If you use Vasai Vikas Sahakari Bank Limited'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 Vasai Vikas Sahakari Bank Limited and Mumbai, you'll get the correct details.

How to Use IFSC Code VVSB0000008 for Online Transfers?

Once you have the IFSC Code VVSB0000008 for the Borivali branch of Vasai Vikas Sahakari Bank Limited in Mumbai, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code VVSB0000008. 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 Vasai Vikas Sahakari Bank Limited IFSC Code VVSB0000008.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Vasai Vikas Sahakari Bank Limited Borivali in Mumbai, your payment can get delayed or might not go through at all.

Finding the MICR Code

MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Vasai Vikas Sahakari Bank Limited in Borivali, you can find it by any of the following ways:

  • Check the bottom of your cheque leaf.
  • Go to the first page of your passbook.
  • Visit the official Vasai Vikas Sahakari Bank Limited website.
  • Search the RBI portal.

Having both IFSC and MICR codes helps account holders in Mumbai manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Vasai Vikas Sahakari Bank Limited in Borivali, Mumbai?

The IFSC Code is VVSB0000008.

Is the IFSC Code VVSB0000008 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of Vasai Vikas Sahakari Bank Limited Borivali?

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Borivali branch?

The address of the branch is New Krishna Niwas, Chandavarkar Cross Road, Borivali (W), Mumbai 400 092, located in Mumbai, Mumbai, Maharashtra.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.