Bassein Catholic Cooperative 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 Bassein Catholic Cooperative Bank Limited, Savedi Road, Ahmednagar, Maharashtra IFSC Code: "BACB0000123". This IFSC code can be used for online money transactions via NEFT, RTGS and IMPS to any Bassein Catholic Cooperative Bank Limited account or to other bank accounts.

• Here, the first four alphabets, BACB, indicate the bank name, i.e., Bassein Catholic Cooperative Bank Limited.
• The fifth digit is 0 (zero) - provided for future use.
• The last six digits 000123 - denotes a particular branch of Savedi Road, Ahmednagar, 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 Bassein Catholic 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 Bassein Catholic 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 Bassein Catholic Cooperative Bank Limited branches throughout India. 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 Bassein Catholic Cooperative Bank Limited. The website displays all details about the bank such as the phone number, address of the branch, name, branch code etc.

Bassein Catholic Cooperative Bank Limited Branch Details

• Maharashtra

ABOUT BASSEIN CATHOLIC CO-OPERATIVE BANK

Bassein Catholic Cooperative Bank Limited was established as Credit Co-operative Society in Maharashtra on 6 February 1918, by social reformer Rev Msgr. P. J. Monis, Christian Missionary along with social activists in Vasai to bring financial freedom in the region. Through his mission he succeeded in uplifting the society, which has brought massive change in the people's lifestyle, education and financial stability.

The bank was converted into Urban Co-Operative Bank in 1966 and conferred as "Scheduled Bank Status" in 1990. The bank implemented Core Banking Software in 2010 across all branches and tied up with SIDBI for Credit link Capital Subsidy. It also tied up with CRISIL & SMERA credit rating agency for Rating for Units and introduced 'RUPAY Debit Card'. RBI granted AD-1 license in 2015 and net banking facility in 2016.

AWARDS RECEIVED BY BASSEIN CATHOLIC CO-OPERATIVE BANK

• The spectacular performance of the bank, over the years has been duly acknowledged by Co-operative Banking Association/Federations by bestowing the following awards.
• In the financial year 2014-2015, The Maharashtra State Co-operative Banks Association Limited awarded the "Late PadmabhushanVasant Dada Patil, Best Urban Co-operative Bank" amongst all scheduled/ multi state co-operative banks in Maharashtra.
• In the financial year, Avis Publication was awarded the "BANCO PURASKAR 2014", the first prize for the best performance in the category of banks having deposits of Rs.3,000 to Rs.5,000 crore. 'SahakarBhushan' Award 2013-14 by Maharashtra Government. 'Pratibimba' Award 2013-14 for Annual Report by SahakarSugandha magazine published by Sahakar Bharti.
• The Indian Banker magazine has given 1st rank on the basis of Average Cost of Funds, Return on Assets, CRAR, and Business per Employees.
• Banking Frontiers Year 2011 Award for Excellence in Recovery & NPA Management in large Urban Co-Operative Banks Category. The bank has 45 branches with 37 Onsite and 2 Off site ATMs. All the branches operate on CBS.
• Bassein Catholic Cooperative Bank Limited has 64 branches and a business mix of over Rs.11,000crores.
• The bank believes that the ultimate identity and success will reside in an exceptional quality of people and their extraordinary efforts. For this reason, the bank committed to hiring, developing, motivating and retaining the best talent in the industry.

For further details contact Barclays Bank located at Ceejay House,
6th Floor,
Shivsagar Estate,
Dr. Annie Besant Road,
Worli - 400018, India.
phone number: 022-67196000.