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 Vasai Vikas Sahakari Bank Limited for its Agashi branch in Vasai, Thane, 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 Vasai Vikas Sahakari Bank Limited located in Vasai or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code VVSB0000017. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Vasai Vikas Sahakari Bank Limited, Agashi, Vasai
Below in the table are the key details related to IFSC Code VVSB0000017 of Vasai Vikas Sahakari Bank Limited for its branch located in Vasai, within the district of Thane in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Vasai Vikas Sahakari Bank Limited |
| IFSC Code | VVSB0000017 |
| Branch | Agashi |
| City | Vasai |
| District | Thane |
| State | Maharashtra |
| Address | M. Baria Lake View, Opp. Hanuman Temple, Bazar Peth, At Post Agashi, Taluka Vasai, Dist. Thane ┬Û 401 301 |
These details are important not only for users using online banking but also for businesses and individuals who use Vasai Vikas Sahakari Bank Limited in Vasai for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code VVSB0000017 for the Agashi branch of Vasai Vikas Sahakari Bank Limited is vital.
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 Vasai Vikas Sahakari Bank Limited located in Agashi, Vasai, Maharashtra, are given a unique IFSC like VVSB0000017 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Vasai.
- 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 Vasai and Thane.
- 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 Vasai Vikas Sahakari Bank Limited in Agashi goes to the correct branch. This is important because Vasai Vikas Sahakari Bank Limited 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 VVSB0000017
The format of the IFSC Code for banks, including Vasai Vikas Sahakari Bank Limited, follows 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 Agashi in Vasai.
For example, the IFSC Code VVSB0000017 of Vasai Vikas Sahakari Bank Limited for the Agashi branch includes these elements, identifying the bank and the branch location in Vasai and Maharashtra accurately.
How to Find IFSC Code for Vasai Vikas Sahakari Bank Limited?
To find the IFSC Code VVSB0000017 of Vasai Vikas Sahakari Bank Limited for its Agashi branch located in Vasai, the following methods can help you out:
Cheque Book
The cheque book issued by Vasai Vikas Sahakari Bank Limited includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Vasai Vikas Sahakari Bank Limited branches in Vasai and Thane, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Vasai Vikas Sahakari Bank Limited and go to the branch locator section. Then search for Agashi or Vasai to find the exact IFSC Code VVSB0000017.
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 maintains an updated database of all IFSC codes. Searching for Vasai Vikas Sahakari Bank Limited and Vasai will provide accurate information.
How to Use IFSC Code VVSB0000017 for Online Transfers?
Once you have the IFSC Code VVSB0000017 for the Agashi branch of Vasai Vikas Sahakari Bank Limited in Vasai, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code VVSB0000017. 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 VVSB0000017.
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 Agashi in Vasai, 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 Vasai Vikas Sahakari Bank Limited in Agashi, 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 Vasai Vikas Sahakari Bank Limited website.
- Search the RBI portal.
Having both the IFSC and MICR codes makes it easy for account holders in Vasai to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is VVSB0000017.
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 M. Baria Lake View, Opp. Hanuman Temple, Bazar Peth, At Post Agashi, Taluka Vasai, Dist. Thane ┬Û 401 301 located in Vasai, Thane, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.