Bharat Cooperative Bank Mumbai 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 Bharat Cooperative Bank Mumbai Limited IFSC code: "BCBM0000083" - IFSC Code of Bharat Cooperative Bank Mumbai Limited branch in Varachha, Surat, Gujarat. This IFSC code can be used for online money transactions via NEFT, RTGS and IMPS to any Bharat Cooperative Bank Mumbai Limited account or to other bank accounts.

• Here, the first four alphabets, BCBM, indicate the bank name, i.e., Bharat Cooperative Bank Mumbai Limited.
• The fifth digit is 0 (zero) - provided for future use.
• The last six digits 000083 - denotes a particular branch of Varachha, Surat, Gujarat.

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 Bharat Cooperative Bank Mumbai 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 Bharat Cooperative Bank Mumbai 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 Bharat Cooperative Bank Mumbai 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 Bharat Cooperative Bank Mumbai Limited. The website displays all details about the bank such as the phone number, address of the branch, name, branch code etc.

Bharat Cooperative Bank Mumbai Limited Branch Details

• Gujarat

• Karnataka

• Maharashtra

ABOUT BHARAT CO-OPERATIVE BANK MUMBAI

• Before independence, few youngsters of the Billawa community migrated to Bombay in search of livelihood. They came from poor background, these extremely hardworking and highly enterprising individuals worked the whole day at offices or did odd jobs. Unable to afford accommodation, many of them slept at offices in which they worked.


• Despite the tough conditions, keeping the guru's message to be educated, they went to 'Night High School' to gain education. They lived like an enlarged joint family. In adherence to the Guru's message to be united. To become strong, they shared their little joys together and celebrated successes. In times of difficulties, they rushed to the aid of their community members. Riding on this bonding, the Billawar association gained momentum & strength.


• The committee members of Billawar association had a thought. "While I, as an individual can help the need with a rupee. If 100 of us come together with a rupee each, we together can help a needy with Rs.100". This noble thought sowed the seed for formation of Bharat Bank whereby members who could spare a little from earnings would contribute to the bank and in return earn a little interest as well.


• The founding fathers were visionaries & named the bank as "BHARAT CO-OPERATIVE BANK LIMITED" with an ambitious intent to spread its wings all over the country. The Logo designed in 1978 with BCB embedded on India's map showed the intention to serve the entire humanity.


• Bharat Cooperative Bank Mumbai Limited was established on 21 August 1978. Minister of Maharashtra State, HashuAdvani, inaugurated the bank. In the first year, the bank earned a profit of Rs.2,785 on a business mix of 28.61 lakhs with a share capital of 6.73 lakhs.


• In 1991, the bank grew steadily & had a network of five branches with a business worth Rs.82 crores. Mr. Jaya C Suvarna taking charge as the Chairman. So great was the adrenalin rush of the teens that the bank became known as the fastest growing co-operative bank.


• In the year 1995, the bank had 11 branches and doing a business of 193.63 crores. The bank shifted its Corporate Office from rental premises to spacious ownership building in Goregaon. In 1996, the bank graduate to scheduled bank status with RBI incorporating it in the second schedule and attained the youngest bank in the "scheduled bank status" list.


• In 1997, the RBI & the Central Registrar conferring the status of a multi-state cooperative bank and entered in the Karnataka State by opening branches in K H Road, Victoria Road & Indira Nagar branch in Bangalore in 1998. In 2009, the Bharat Bank received AD-CATEGORY-I license from RBI.


• In August 2003, Bharat Bank successfully implement a CORE BANKING SOLUTION (CBS) offering novel facilities like any branch banking etc. During this process, the Billawar association too spread its root deep & wide. In 2006, Billawar association, Mumbai inaugurated a beautiful & spacious BillawaBhavana at Santacruz.


• In 2012, the bank launched Visa International Debit Card which enabled its customers to use the card on ATMs or shops anywhere in the world. In the same year, the bank opened its 50th branch at Bantwal in Mangalore. In September 2015, the bank reaches another milestone by opening 75 branches at Airoli.


• As on 31 March 2020, the bank is having 103 branches at various important places in the locality. Nearly, 1,434 employees were working in these bank branches. Bharat Bank has received numerous awards and its growth is a successful with the combination of speed and solid fundaments.


• As the bank expanded, its customers expanded their businesses. Few account holders started doing business outside India. Realizing their banking need, the bank applied for authorised dealer license to RBI to enable it to offer a full range of Forex facilities.

AWARDS RECEIVED BY BHAGINI NIVEDITA SAHAKARI BANK

The bank is awarded "Maintaining Gross Non-performing Assets below 5%" award by Pune ZillhaNagariSahakari Bank Association Limited in 2018-2019, Best Bank Award, "Sahakarnishtha" from Government of Maharashtra in 2017-2018, the bank is awarded "Best Bank" and "Best Technology" award by Bankco in 2017-2018, the bank is awarded "Best E Payment and Best Data Security" award by Banking Frontier in 2017-2018, the bank is awarded "Best Bank" and "Best Technology" award by Banco in 2016-2017 and so on.

For further details contact:
Net Banking: 022-6189 0061 / 62 / 63
Email: ebank@bharatbank.co.in

Mobile Banking: 022-6189 0111, 6189 0034 Email: mbank@bharatbank.co.in

Card: 022-6189 0123
Email: cards@bharatbank.co.in