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Apna Sahakari Bank Limited

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 ApnaSahakari Bank Limited IFSC code: "ASBL0000007" - IFSC Code of ApnaSahakari Bank Limited branch in Andheri, Mumbai, Maharashtra.

This IFSC code can be used for online money transactions via NEFT, RTGS and IMPS to any ApnaSahakari Bank Limited account or to other bank accounts.

  • Here, the first four alphabets, ASBL, indicate the bank name, i.e., ApnaSahakari Bank Limited,
  • The fifth digit is 0 (zero) - provided for future use
  • The last six digits 000007 - denotes a particular branch of J.P. Road, Andheri, Mumbai, 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.

Apna Sahakari Bank Limited Branch Details

Easy way to find ApnaSahakari 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 ApnaSahakari 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 ApnaSahakari 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 ApnaSahakari Bank Limited. The website displays all details about the bank such as the phone number, address of the branch, name, branch code etc.

ABOUT APNASAHAKARI BANK

  • ApnaSahakari Bank Limited is popularly known as "Apna Bank" is established on 29th March 1968, the auspicious day of "GudhiPadva", a Marathi New Year day. It earned recognition from the people within a short period time. A major success of Apna Bank is attracted a large number of customers by providing prompt & efficient banking services.

  • It has always preferred relations over business during the past 53 years of banking. That is the reason, a customer or member or an account holder, who comes to the 'Parivar' becomes 'Apna' forever. The bank became multi-state after operating branches at Mapusa and Madgaon in Goa. Besides, banks have permission to open branches in Karnataka and Gujarat. The Reserve Bank of India has conferred scheduled status on 23rd October 2015 to ApnaSahakari Bank Ltd.

  • The bank has merged 3 weak co-operative banks into its fold with all their staff and liabilities. Today, Apna Bank has emerged as a strong bank with 85 branches & 71 ATMs spread across Maharashtra and Goa. It has always been a pioneer in technology driven banking. It started it's technology adoption in 1991 by computerizing its branches. It was the 2nd bank in the nation to start digitizing its data from manual to computerised data. The bank continues this trend even today by starting the UPI - Unified Payment Interface, being one among the first 8 co-operative banks to start this service to its customers. It also has it's name on-boarded in Government launched BHIM APP for simple banking services to the general public.

  • In June 2008, Apna Bank started its Core Banking System in its ownership state of the art data centre in Mumbai. It has facilitated connecting all its branches and ATMs. As a business continuity plan the bank has a Disaster Recovery site in it's own premises at Kolhapur-Maharashtra.
VISION

The vision of ApnaSahakari Bank Limited is not to predict what will happen in future or unattainable goals. Its vision is to evolve a strong, sound and competitive cooperative banking mall and provide integrated services to its customers and members from all segments. With the help of advanced technology and trained human resources, adopting the best accounting and ethical practices and fulfilling social responsibilities towards the common people. The bank's strategy is to render good services to its customers and without them, there is no business.

Apna Bank has got AD-II License from Reserve Bank of India to release/remit Foreign Exchange for a variety of Non-Trade Current Account Transactions. This bank helps in opening of Inland and Import Letters of Credit, issuance of inland and Foreign Guarantees, local Letter of Credit (LC) Bills Discounting, collection of Inland Bills, Export Finance - Extending Packing credit and Post-shipment credit in Rupees and Foreign currency to Exporters at attractive Interest Rates, Handling Import Bills under Letters of Credit, Import Finance - Arranging Buyer's Credit for financing Import Bills, Import Advance Remittances, Import Bills for collection, Booking of Sale & purchase Forward Exchange contracts to hedge exchange rate risk, Foreign Inward Remittances & Foreign Outward Remittances by SWIFT for instant payments, Release of Foreign Exchange for Foreign travel - Private & Business visits abroad, overseas education, medical treatment, employment, emigration & a host of purposes approved by RBI, Issue & Encashment of Foreign Currency notes (US Dollars, GB pounds, Euro & several other currencies), Issue of Forex Travel Cards in Multi Currencies (US Dollars, GB pounds, Euro & many other currencies), Issue of Foreign Currency Travellers Cheques in major currencies, Issue of Foreign Demand Drafts (US Dollars, GB pounds, Euro etc), Miscellaneous Forex Services - Collection & Purchase of Clean Personal Cheques, Demand Drafts, Traveller's Cheques & International Money Orders - In foreign Currencies payable abroad.

PRODUCTS AND SERVICES:

  • Savings Deposit
    • Savings bank account is opened for the purpose of saving a portion of income or earning of the people to meet future financial requirements. Saving money in a bank yields interest at the rate specified by the bank from time to time. Kumar Bachat
    • The habit of saving has to be started at a young age, this product motivates them to save money in the bank. The money saved in this plan yields interest at the rate specified by the bank from time to time.
  • Current Account
    • Traders, business community people, corporate and Government bodies open Current Account for carrying out their daily business activities.
  • Term Deposit
    • The money saved is deposited for a fixed period of time to get a higher rate of interest. The time period of the deposit is decided at the time of opening a new deposit account. The account holder or the nominee can withdraw or renew the deposit money at the time of maturity.
  • Gold Loan
    • Gold loan is rendered to meet the urgent financial requirement for medical treatment, education, marriage, repayment of outside debts, renovation of the existing house and so on.
  • Business Loan
    • Business Loan is rendered to meet the financial requirements in the business for purchase of new or old machinery or equipment, to purchase a business premises, to buy furniture fixtures for office or factory, to settle bills payable and cash credit.
  • Salaried Employee Loan
    • Employees getting a monthly salary can meet their financial requirements by getting this loan. They can make use of this loan to meet all their personal needs.
  • Surety Loan
    • Surety loan is provided to support financial requirements for house, office, education, marriage, repayment of outside loan, medical expenses etc. This loan is provided on surety.
  • Housing Loans
    • Housing loan is provided to purchase or construct a house with ready possession or flats with 85% construction completed.
  • House Repairing Loan
    • This special loan is provided to do repair work or renovate house or office.
  • Apna Mortgage Loan
    • This loan is provided by mortgaging assets to meet their personal or business needs.
  • Education Loan
    • This loan is provided for student domestic or international higher education of the account holder family.
  • Vehicle Loan
    • This loan is rendered to buy new or second hand vehicles for own use or for commercial purposes.
  • Special Loan for Doctors
    • As the name gives description that this loan is provided only for doctors to purchase premises and equipment.
  • Other services
    • Apna Bank has a corporate agency from LIC (Life Insurance Corporation) for providing various schemes of Life Insurance. It has a corporate agency with Bajaj Allianz for General Insurance, HDFC Life Insurance.
    • > Apna Bank, now gives the power in a single card to truly enjoy "Apna Money Anytime Apne Hath" for shopping and withdrawal of cash from any bank's ATM across India. ApnaRuPay Debit Card is very convenient to access the account through 1.70 lakhs + ATMs as well as 9 lakhs + POS terminals with merchant establishments anywhere in India. The cash withdrawal limit for ApnaRuPay Debit card POS is increased to Rs. 20,000.
  • Safe Deposit Lockers
  • The customers can keep their valuables safely in the bank safe deposit lockers. The lockers are available in various sizes to suit the customers requirement. Visit the nearest bank branches providing this facility.

  • NGRTGS / NEFT
  • Apna Bank is a direct member for INFINET (INDIAN FINANCIAL NETWORK) from RBI. Through INFINET Apna Bank provides NGRTGS and NEFT Service to its Customers.

  • NEXT GENERATION REAL TIME GROSS SETTLEMENT SYSTEM (NGRTGS)
  • This system allows the customers to transfer funds from one bank account to the other bank account within 2 hours. The minimum amount of transfer is Rs.2 Lakhs.

  • NATIONAL ELECTRONIC FUNDS TRANSFER (NEFT)
  • This system allows the account holders to transfer funds from one bank account to the other bank account within one working day. There is no limit on the amount of transactions.

    The customers can avail services for 24 X 7 X 365 and SMS confirmation to sender and receiver. This service is very simple and easy to use. It is fast, inexpensive, safe and secure, accessible.

    The bank is also providing free SMS Alerts services to its customers about information relating to account(s), details about transactions and such as other services may be provided from time to time. The customer has to register for this service by submitting a duly filled form for SMS service.

ApnaSahakari Bank Limited, Head office,
Apna Bank Bhavan,
Dr. S.S. Rao Road, Parel,
Mumbai 400012.
For further details contact: 022 24132065/0816/1170
Working Hours:
From Monday to Friday : 10:00 am to 12:30 pm 02:30 pm to 05:00 pm.
On Saturday: 10:00 am to 12:30 pm.

Registration Process

Customers have to submit duly filled E-channels form available at the branches. He has to apply a tick on SMS service and Mobile Banking service. On registering the application form in the system by Bank officials, the customer will receive 2 SMS. First SMS sends the MPIN, Second SMS sends the Transaction PIN MPin is used for Log-in to the mobile banking application software and transaction pin is used for funds transfer through IMPS.

Mobile Application Software

Customers have to download Apna Bank's Mobile Application from the respective Play stores, Android - Google play store, Windows - Windows store, Iphone - Itunes. For example: In Android phones, customers have to search and download "Apna Bank Mobile application" from the "Google Play Store".

Mobile Application Functioning

There are two options to operate the Mobile banking system SMS (without internet connection on mobile) - Funds transfer Limit Maximum Rs.5000/- per day. GPRS (With internet / Data connection on Mobile) - Funds transfer limit (as decided by the bank from time to time ). At present the maximum limit to transfer funds through mobile per day is set to Rs. 2 ;akhs.

Services Available

PIN Change ( Whenever required by the customer), Mini Statement - Statement of last 3 transactions on the mobile, Balance Enquiry - Know the Balance in the account, Request for Email Statement (start in soon), Bank's ATM Locator and Utility bill Payments (starting soon).

IMPS Facilities

[P2P - Funds Transfer to Mobile Number]

In this option, the bank requires the mobile number of the person to whom the customer wishes to transfer funds through MMID Number ( Mobile Money Identification Number) of his account (Mobile banking System Generates a Unique MMID number for each account).

Total amount, select the account number from which the customer wishes to transfer funds, enter the personal Transaction PIN and click on submit button.

The system will display on the mobile screen the information the customer just entered and ask for their confirmation. Once the account holder confirms the amount is instantly transferred and a SMS flashes on the screen informing that the funds are transferred. The transaction is possible if the other person whom the account holder wishes to transfer funds to should have his or her mobile number registered with his or her bank for mobile banking.

For further details contact
The Corporate Office of ApnaSahakari Bank Limited located at Dr.S.S.Rao Road
Lalbaug
Parel
Mumbai - 400 012.
Phone No: 022-24102155.

Apna Sahakari Bank Limited Goa Branch IFSC Code

Apna Sahakari Bank Limited Maharashtra Branch IFSC Code