Following are the IFSC Code Details of Panvel Branch Abhyudaya Cooperative Bank Limited Raigad ABHY0065061

Which Bank IFSC Code is ABHY0065061?

IFSC Code ABHY0065061 belongs to Branch Name: Khanda Colony of Abhyudaya Cooperative Bank Limited located at Shop No.30 To 33, Ground Floor, Shreeji Sangh, Sector – 7, Plot No. 15/16 Khanda Colony, Panvel 410206

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 Abhyudaya Cooperative Bank Limited:

Abhudaya Co-operative Bank Ltd. is a scheduled urban cooperative bank in India. It was established in 1965 and is headquartered in Mumbai, Maharashtra. The bank has a network of over 200 branches across Maharashtra, Gujarat, and Karnataka.

• Here are some of the key features of Abhudaya Bank:
• Scheduled urban cooperative bank
• Established in 1965
• Headquartered in Mumbai, Maharashtra
• Network of over 200 branches across Maharashtra, Gujarat, and Karnataka
• Wide range of banking products and services
• Committed to providing affordable and accessible banking services to the underserved sections of society
  Financially sound institution with a strong track record of profitability