IFSC code for Town Co-operative Bank Hoskote, Town co-operative bank hoskote imps, Hoskote, Maharashtra
Updated on: Friday, November 1, 2024
IFSC CODE
IBKL0693TCB
Town Co-operative Bank Hoskote
Town Co-operative Bank Hoskote Imps, Mumbai, Maharashtra
Address
The Town Co Operative Bank Ltdk R Road,hoskote 562114
Town Co-operative Bank Hoskote
Town Co-operative Bank Hoskote Imps, Mumbai, Maharashtra
Address
The Town Co Operative Bank Ltdk R Road,hoskote 562114
Bank Details
IFSC Code
IBKL0693TCB
MICR Code
NA
Bank Code
(Based on IFSC)
TCHX
Bank Code
(Based on MICR)
NA
Contact
+91807931277
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IFSC Code of Town Co-operative Bank Hoskote
Every Town Co-operative Bank Hoskote branch in India has a unique Town Co-operative Bank Hoskote IFSC Code. Town Co-operative Bank Hoskote IFSC Code enables Town Co-operative Bank Hoskote account holders to send and receive money electronically. Town Co-operative Bank Hoskote 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 Town Co-operative Bank Hoskote IFSC Code IBKL0693TCB
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 Town Co-operative Bank Hoskote.
The fifth character is 0.
The last six digits of the code, i.e., 693TCB, represents the branch which is Town Co-operative Bank Hoskote
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MICR Code of Town Co-operative Bank Hoskote
Every Town Co-operative Bank Hoskote branch in India has a unique Town Co-operative Bank Hoskote MICR Code. MICR code for Town Co-operative Bank Hoskote 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 Town Co-operative Bank Hoskote. 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.