Haryana State Cooperative Bank

RBI has allotted IFSC codes to all the bank branches in India. It is unique 11-digit codes with alphanumeric characters, to identify the branches to perform fund or cash transactions. These codes help the users to ensure that the transferred funds go to the right person account.

For example, we can take the IFSC code: "HARC0000014" of Haryana State Cooperative Bank branch in Chandigarh, Haryana.

• Here, the first four alphabets, HARC, indicate the bank name, i.e., Haryana State Cooperative Bank,
• The fifth digit is 0 (zero) - provided for future use.
• The last six digits 000014 - denotes a particular branch of Chandigarh, Haryana.

This IFSC code can be used for online money transactions via NEFT, RTGS and IMPS to any Haryana State Cooperative Bank account or to other bank accounts.The 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.According to RBI guidelines, the IFSC code is mandatory for interbank transfers via, NEFT and RTGS to any bank in India.

Easy way to find Haryana State Cooperative Bank IFSC Code and MICR Code?

The customer can find MICR codes and IFSC codes which are printed on passbook and cheque books/ leaves issued by Haryana State Cooperative Bank.

The website of Reserve Bank of India also offers the entire list of IFSC codes required for the account holder. The customers can also visit the bank's official website. 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.

Haryana State Cooperative Bank Branch Details

• Chandigarh

• Haryana

HARYANA STATE COOPERATIVE BANK

• Haryana State Cooperative Apex Bank Limited commonly called as HARCO Bank with the humble beginning in November 1966 has grown into a sound financing institution of outstanding credit worthiness.


• It occupies a vital position in the State economy and has been financing farmers, rural artisans, agricultural labourers, entrepreneurs etc. in the State and serving its depositors for the last 49 years. The short-term Cooperative Credit Structure consists of three tiers i.e. HARCO Bank at State Level having 13 branches and two Extension Counters at Chandigarh and Panchkula.


• It has 19 Central Cooperative Banks at district headquarters with their 594 branches and 718 PACS catering to the financial needs of 31.26 lacs members who are residing mostly in rural areas of Haryana. The performance of HARCO Bank has been adjudged as the best State Cooperative Bank in the country. The bank has working capital of Rs.7741.49 as on 31.12.2015.


• It has been preparing Development Action Plans (DAPs) in accordance with the guidelines issued by NABARD. The basic objective of this exercise is to identify the reasons standing in the way of the viability of the bank. The short-term Cooperative Credit Structure consists of three tiers. As on 31.12.2018, the bank has share capital of Rs.172.57 and Working Capital of Rs.9039.39.

Savings Account

Any person approved by the bank may open the savings bank account agreeing upon to comply with the rules governing the saving bank account. Only one saving bank account may be opened by a person on own name. No savings bank account will be opened in the name of companies, corporations, firms etc. Savings joint accounts can be opened by more than one person, but not more than four names.

An account may be opened with a minimum of Rs.500 only in cash; the same will be maintained to keep the account running. The bank gives 4% p.a. interest for this account. If there is no transaction in the account continuously for a period of 3 years, the account shall be deemed as inoperative and after 7 years the inoperative account will be transferred to unclaimed deposit account ledger.

Current Account

Any person approved by the bank may open the current bank account agreeing upon to comply with the rules governing the current bank account. A person intending to open an account must be properly introduced by the current account holder known to the bank. The current account can be opened in the name of an individual in the single name, two or more individuals in their joint name with survivor clause E or S/A or S/Jointly sole proprietorship concern, Private / Public companies, institution, Trusts Societies etc.

Current account is a running and active account which may be operated upon any number of times during a working day. There is no restriction on the number and amount of withdrawal. An account may be opened with a minimum of Rs.5,000 only in cash after completion of all necessary formalities and KYC norms Rs.50 per transaction be deducted if balance is maintained less than Rs.5,000. No interest for current account.

ADDRESS
The Haryana State Co-operative Apex Bank Limited,
Bank Square, Sector 17-B,
Chandigarh - 160 017, India.
Thane - 400 605.
contact: 0172-2702178, 2714520, 2770823.
Email: harcobank@yahoo.com