Ambarnath Jaihind Coop Bank

RBI has allotted IFSC codes to all the bank branches in India to easily identify transactions done through a particular branch. IFSC codes are unique 11-digit codes with alphanumeric characters, which are given to all bank branches and the code won't repeat. It is mandatory to enter IFSC code or MICR code to identify the branches to perform fund or cash transactions. Without this code the bank branches can't transfer funds.

These codes help the users to ensure that the transferred funds go to the right person, without any errors.

For example, we can take AmbarnathJaihind Cooperative Bank Limited IFSC code: "AJHC0001003" - IFSC Code of AmbarnathJaihind Cooperative Bank Limited branch in Shivaji Nagar, Ambarnath, Maharashtra.

• Here, the first four alphabets, AJHC, indicate the bank name, i.e., AmbarnathJaihind Cooperative Bank Limited,
• The fifth digit is 0 (zero) - provided for future use
• The last six digits 001003 - denotes a particular branch of Shivaji Nagar, Ambarnath in Maharashtra.

The Indian Financial System Code in short denoted as IFSC is used for online payment applications like Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), Immediate Payment Service (IPM), from one bank to another through electronic Instant Mobile Money Transfer service (IMPS), and Centralized Funds Management System (CFMS) instructed by RBI.

RBI has allotted IFSC codes for all banks in India to find out the branches when money transfers take place. According to RBI guidelines, the IFSC code is mandatory for interbank transfers via, NEFT and RTGS to any bank in India. With help of IFSC codes and MICR codes, the online fund transfers are made easy without any confusion. The first four Characters mentioned in IFSC code denote the bank names and the last six digits helps to identify the bank branch name involved in the transaction. The fifth digit is zero for all banks which is next to alphabets provided for future use. This code helps to avoid the risk factor while sending and receiving funds through banks in our country and it makes sure that the money reaches the right account holder at the specified branch.

Easy way to find AmbarnathJaihind Cooperative Bank Limited IFSC Code and MICR Code?

If the customer knows the full name of the bank and its branch location, then it is easy to find IFSC codes and MICR codes within a few seconds. The customer can find MICR codes and IFSC codes which are printed on passbook and cheque books/ leaves issued by AmbarnathJaihind Cooperative Bank Limited. The website of Reserve Bank of India also offers the entire list of IFSC codes required for the account holder. The customers can also enter into the bank's official website. Some of the third party financial websites or other advertisement websites are also rendering the service to get IFSC codes of any bank and its branches located in India.

Some of the popular financial comparison sites display the table carrying IFSC codes for AmbarnathJaihind Cooperative Bank Limited branches throughout Maharashtra. Any account holder visiting the website has to choose the Bank IFSC code link present on the home page. Customers by clicking the link will lead to another page where four columns are displayed. Customers must feed some bank details like the state in which it is located, the district in which it is located and branch name to get IFSC codes or MICR codes for AmbarnathJaihind Cooperative Bank Limited. The website displays all details about the bank such as the phone number, address of the branch, name, branch code etc.

Ambarnath Jaihind Coop Bank Limited Branch Details

• Maharashtra

ABOUT AMBARNATHJAIHIND CO-OPERATIVE BANK

• The people living in AmbarnathBadlapur belt were confined as middle and lower class section of the society. Most of them were not aware about the banking services and dependent on unscrupulous money lenders who charge them heavily for their borrowing needs. The bank Founder Chairman Mr. Vilas Desai experienced the plight of these people who were the prey of the money lenders hence decided to establish a bank with a vision to help common and needy people for their Socio-Economic development.


• Under the guidance and the management skill of the founder Chairman, the bank had reached a commendable position in Co-operative sector. "AapulkineVaganari Manse" is the motto of the bank that ensures clarity of services towards the customers hence has created a distinct image of the bank in the eyes of the general public. He effectively put forth the problems faced by Urban Co-op Banks across to RBI resulting in helpful response from RBI in this sector. He has also been felicitated as the 'Best Chairman' for the year 2015-16 by Banking Frontiers.


• Ambarnath Jai Hind Co-op Bank is a licensed Urban Co-operative Bank established in 1985 has its Head Office at Ambarnath District Thane. At present the bank operates through a network of 18 branches with 12 on-site ATMs and 1 off-site ATM in the surrounding area of District of Thane, Pune and Raigad. The area of operation is spread over the entire state of Maharashtra. The bank crossed a total business of ?736 Crores in March 2018. Deposit stood at ?476 crores and advances at 260 crores. The bank has restricted Net NPA (Non-Performing Assets) position to the figure of 1.25% (Un-Audited)*


• The bank established its own data center which was installed and designed by its own staff and the same is successfully managed by them which enables the bank to shift the data from Active to Passive Server in case of failure of Active Server. For business continuity plans, the bank also has its own Disaster Recovery site.


• The data center has come to the forefront of offering its customers following services such as Core Banking Solution, Any Branch Banking, Centralised Clearing, SMS Alerts on all transactions, ATM Facility over 1,70,000 ATMs, Personalised CTR 2010 Cheque Book, Aadhar Card Enable Accounts, Direct Clearing Membership, Account Statement by Email Facility, Bank issues Rupay ATM Cum Debit Cards to the customers, Enable shopping at stores with EMV ATM cards, E-Lobby and E-Commerce.


• AmbarnathJaihind Cooperative Bank Limited is an ISO Certified Bank which is certified under ISO 9001 - 2008. It has received many awards through tireless efforts of teamwork of its staff under the guidance and direction of the founder-chairman.

For further details contact
AmbarnathJaihind Cooperative Bank Limited,
Central Office,
42, LokmanyaTilak Path,
Opposite to Municipal Corporation,
Ambarnath (W),
District Thane 421501.
Phone no. 0251-2683378 / 87
e-mail ID: jaihindbank@gmail.com