IFSC code for Coastal Local Area Bank, Vijayawada, Krishna, Andhra pradesh
Updated on: Thursday, May 1, 2025
IFSC CODE
COAS0000002
Coastal Local Area Bank
Vijayawada, Vijayawada, Andhra Pradesh
Address
D.no.59-12-6,grace Line,ghantasalavari Street,gayatri Nagar,near Benz Circle
Coastal Local Area Bank
Vijayawada, Vijayawada, Andhra Pradesh
Address
D.no.59-12-6,grace Line,ghantasalavari Street,gayatri Nagar,near Benz Circle
Bank Details
IFSC Code
COAS0000002
MICR Code
NA
Bank Code
(Based on IFSC)
COAS
Bank Code
(Based on MICR)
NA
Contact
+915200022494426
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IFSC Code of Coastal Local Area Bank
Every Coastal Local Area Bank branch in India has a unique Coastal Local Area Bank IFSC Code. Coastal Local Area Bank IFSC Code enables Coastal Local Area Bank account holders to send and receive money electronically. Coastal Local Area 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 Coastal Local Area Bank IFSC Code COAS0000002
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., COAS, denotes the name of the bank which is Coastal Local Area Bank.
The fifth character is 0.
The last six digits of the code, i.e., 000002, represents the branch which is Coastal Local Area Bank
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MICR Code of Coastal Local Area Bank
Every Coastal Local Area Bank branch in India has a unique Coastal Local Area Bank MICR Code. MICR code for Coastal Local Area 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 Coastal Local Area 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.
