Abhyudaya Co-operative Bank, OLD PANVEL

Here is the IFSC & MICR Codes of Abhyudaya Co-operative Bank, OLD PANVEL, RAIGAD, MAHARASHTRA. Also get the latest address, contact number of Abhyudaya Co-operative Bank, OLD PANVEL.

IFSC Code: ABHY0065050
Branch: OLD PANVEL
Address: SHOP NO 1 & 2, KANAK VITHAL, PLOT NO.25, OLD PANVEL, DIST RAIGAD 410 206
Bank Code: ABHY
MICR: 400065050

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Frequently asked questions

What's the IFSC Code of OLD PANVEL, Abhyudaya Co-operative Bank?: The IFSC Code of OLD PANVEL, Abhyudaya Co-operative Bank is ABHY0065050.
What's the Address of OLD PANVEL, Abhyudaya Co-operative Bank?: The Address of OLD PANVEL, Abhyudaya Co-operative Bank is SHOP NO 1 & 2, KANAK VITHAL, PLOT NO.25, OLD PANVEL, DIST RAIGAD 410 206.
What's the MICR Code of OLD PANVEL, Abhyudaya Co-operative Bank?: The MICR Code of OLD PANVEL, Abhyudaya Co-operative Bank is 400065050.
What's the District OLD PANVEL, Abhyudaya Co-operative Bank falls under?: The District OLD PANVEL, Abhyudaya Co-operative Bank falls under is RAIGAD.

Definition

What is IFSC Code

IFSC stands for Indian Financial System Code. It is a unique 11-character code assigned by the Reserve Bank of India (RBI) to identify every bank branch participating in the NEFT (National Electronic Funds Transfer) system in India.

The IFSC code is used to facilitate electronic money transfers between banks in India. It is used to identify the sender and receiver bank branches, ensuring that the money is credited to the correct account. The IFSC code is made up of three parts:

The first four characters represent the bank code, identifying the bank that the branch belongs to.
The fifth character is always a zero, reserved for future use.
The last six characters represent the branch code, identifying the specific branch of the bank.

For example, the IFSC code for the State Bank of India's Mumbai Fort branch is SBIN0000300. In this code, "SBIN" is the bank code for State Bank of India, "0" is a reserved character, and "000300" is the branch code for the Mumbai Fort branch.

IFSC codes are used in many types of electronic transactions, including NEFT, RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service).