IFSC code for Ace Co-operative Bank, Ace co-operative bank imps, Mumbai, Maharashtra
IFSC CODE
IBKL0100ACB
Ace Co-operative Bank
Ace Co-operative Bank Imps, Mumbai, Maharashtra
Address
Head Office,old Airport,santacruz East,mumbai 400 029
Ace Co-operative Bank
Ace Co-operative Bank Imps, Mumbai, Maharashtra
Address
Head Office,old Airport,santacruz East,mumbai 400 029
Bank Details
IFSC Code
IBKL0100ACB
MICR Code
400876002
Bank Code
(Based on IFSC)
ACCX
Bank Code
(Based on MICR)
876
Contact
+912226265465
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IFSC Code of Ace Co-operative Bank
Every Ace Co-operative Bank branch in India has a unique Ace Co-operative Bank IFSC Code. Ace Co-operative Bank IFSC Code enables Ace Co-operative Bank account holders to send and receive money electronically. Ace Co-operative Bank IFSC Code is assigned by RBI (Reserve Bank of India) to each branch as it helps in carrying out RTGS and NEFT transactions smoothly.
Benefits of IFSC Code
Unique Identification: IFSC code helps in unique identification of all banks and their respective branches.
Smooth Fund Transfer: IFSC code enables convenient and hassle-free transfer of funds from one bank account to another.
Monitoring Transactions: IFSC code is used by RBI to keep track of all the bank transactions. It lowers the chances of discrepancy.
Format of Ace Co-operative Bank IFSC Code IBKL0100ACB
The IFSC code of all accounts in the same branch of the bank is standard. It is an 11 digit alphanumeric code.
The first four letters of the code, i.e., IBKL, denotes the name of the bank which is Ace Co-operative Bank.
The fifth character is 0.
The last six digits of the code, i.e., 100ACB, represents the branch which is Ace Co-operative Bank
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MICR Code of Ace Co-operative Bank
Every Ace Co-operative Bank branch in India has a unique Ace Co-operative Bank MICR Code. MICR code for Ace Co-operative Bank can be found on a cheque leaf and bank passbook. It is a 9 digit code printed on the last line of a cheque leaf. One can also find MICR code on the website of Ace Co-operative Bank. MICR code is used for faster and secure processing of cheques.
Benefits of MICR Code
High Level of Security: The use of magnetic ink ensures MICR characters are readable even if a document is obscured by marks.
Authentication of Docs: MICR code authenticates the originality and legality of paper based docs. in the banking system.
Faster Processing: There is no manual input and hence the processing of MICR information is fast and errors are reduced.
