Following are the IFSC Code Details of Virar East Branch Bassein Catholic Cooperative Bank Limited Palghar BACB0000054

Which Bank IFSC Code is BACB0000054?

IFSC Code BACB0000054 belongs to Branch Name: Chandansar Virar Branch of Bassein Catholic Cooperative Bank Limited located at Shop No. 1/15, Gr Floor, Makwana Complex, Veer Savarkar Marg, Chandansar Road, Virar East 401 305

What is IFSC Code?

IFSC stands for Indian Financial System Code. It’s an 11-digit alphanumeric code that uniquely identifies every bank branch in India that participates in online money transfer systems. It works as a crucial address for ensuring smooth and accurate electronic fund transfers. It acts as a crucial address for ensuring accurate electronic fund transfers.

Structure of an IFSC Code:

First 4 characters: Bank’s name (e.g., HDFC, SBI, ICICI)
5th character: Always 0 (zero)
Last 6 characters: Specific branch of the bank

Uses of IFSC Codes:

Online money transfers: NEFT, RTGS, and IMPS all require IFSC codes to specify the recipient’s bank branch.
Cheque clearance: Used for faster cheque clearance processes.
Linking bank accounts: Linking accounts for mutual funds, loan repayments, etc., often involves IFSC codes.

How to Find Your IFSC Code:

Cheque book: Printed at the top of the cheque leaf.

Bank passbook: Printed on the front page.

Bank website/app: Available in your account information.

Third-party websites: Several websites offer IFSC code search features.

Bank branch: Visit your branch for assistance.

Common Questions:

Do all bank branches have IFSC codes?

No, only those participating in online money transfer systems have IFSC codes.

Can I use the same IFSC code for all transfer types?

Yes, the IFSC code remains constant for NEFT, RTGS, and IMPS.

What happens if I enter an incorrect IFSC code?

The transfer may be delayed or returned, so double-check the code before initiating a transaction.

Can I find IFSC codes for international banks?

No, IFSC codes are specific to Indian banks. For international transfers, you’ll need SWIFT codes.

Additional Information:

IFSC codes are issued by the Reserve Bank of India (RBI).
They are essential for smooth and secure electronic fund transfers in India.
Always verify the IFSC code with the recipient before initiating a transfer to avoid errors or delays.

About Bassein Catholic Cooperative Bank Limited:

Established in 1918, Bassein Catholic Cooperative Bank Limited (BCCBL) boasts a rich history of serving the Bassein Catholic community in Vasai-Virar area of Maharashtra, India.

Here are some of the key features of Bassein Catholic Cooperative Bank Limited:

• Strong brand reputation: Renowned for its commitment to the Bassein Catholic community and reliable financial services.
• Financial stability: Maintains a healthy financial position with consistent growth and profitability.
• Customer-centric approach: Prioritizes personalized service and building strong relationships with customers.
• Technological advancements: Embraces digitalization to enhance customer experience and operational efficiency.