IFSC code for Shripatraodada Sahakari Bank, Shripatraodada sahakari bank imps, Kolhapur, Maharashtra
Updated on: Wednesday, January 1, 2025
IFSC CODE
IBKL0116SSB
Shripatraodada Sahakari Bank
Shripatraodada Sahakari Bank Imps, Mumbai, Maharashtra
Address
573 E Ward Shahupuri Vyapari Peth Kolhapur
Shripatraodada Sahakari Bank
Shripatraodada Sahakari Bank Imps, Mumbai, Maharashtra
Address
573 E Ward Shahupuri Vyapari Peth Kolhapur
Bank Details
IFSC Code
IBKL0116SSB
MICR Code
416396000
Bank Code
(Based on IFSC)
SPTX
Bank Code
(Based on MICR)
396
Contact
+912312668066
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IFSC Code of Shripatraodada Sahakari Bank
Every Shripatraodada Sahakari Bank branch in India has a unique Shripatraodada Sahakari Bank IFSC Code. Shripatraodada Sahakari Bank IFSC Code enables Shripatraodada Sahakari Bank account holders to send and receive money electronically. Shripatraodada Sahakari 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 Shripatraodada Sahakari Bank IFSC Code IBKL0116SSB
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 Shripatraodada Sahakari Bank.
The fifth character is 0.
The last six digits of the code, i.e., 116SSB, represents the branch which is Shripatraodada Sahakari Bank
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MICR Code of Shripatraodada Sahakari Bank
Every Shripatraodada Sahakari Bank branch in India has a unique Shripatraodada Sahakari Bank MICR Code. MICR code for Shripatraodada Sahakari 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 Shripatraodada Sahakari 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.
