Sahebrao Deshmukh Cooperative Bank Limited

RBI has allotted The Indian Financial System Code in short denoted as IFSC codes to all the bank branches in India. This code is a unique 11-digit code with alphanumeric characters. 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: “SAHE0000003” - of SDC Bank Limited branch in Sakinaka Junction Andheri (E), Mumbai, Maharashtra.

• Here, the first four alphabets, SAHE, indicate the bank name, i.e., SDC Bank Limited.
• The fifth digit is 0 (zero) - provided for future use
• The last six digits 000003 - denotes a particular branch of SDC Bank Limited in Sakinaka Junction Andheri (E), Mumbai, Maharashtra.

This IFSC code can be used for online money transactions via NEFT, RTGS and IMPS to any SDC Bank Limited account or to other bank accounts. This code helps to avoid the risk factor while sending and receiving funds through banks in our country.

Easy way to find SDC Bank Limited 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 SDC 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. 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.

Sahebrao Deshmukh Cooperative Bank Limited Branch Details

• Maharashtra

About the Sahebrao Deshmukh Cooperative Bank

• SDC Bank Limited formerly known as Shramik Sahakari Bank Limited was established on 11 February 1973 by late Shri Sahebraoji Deshmukh. He’s hard work, sincerity, foresight and strong desire to help financially poor people, has brought the bank to such a sound financial institution having 14 computerized branches with head office at Sakinaka.


• As on 31 March 2009, the bank's financial position shows that the bank has crossed deposits of 285 crores, advances 215 crores, share capital is 8.10 crores, Reserves are at Rs.37.92 crores and profit has touched 2.31 crores. The bank was consistently awarded 'A' Grade in Audit rating and has satisfied all norms of RBI. The bank's journey for the last 34 years up to Core Banking, Automation, etc., was full of ups and downs.


• On 6 April 2005, Sahebraoji Deshmukh left this world, giving a rude shock to the family members, friends, bank members and others. In the annual general meeting of the shareholders of the bank held on 7 August 2005, all the participants passed a unanimous resolution to change the name of the bank from the Shramik Sahakari Bank Limited to The Sahebrao Deshmukh Co-operative Bank Limited (SDC Bank Limited). The RBI has given permission to change the name of the bank and now the bank is known as S.D.C. Bank.


• The bank with a new name, new logo, new mindset, and adoption of new technology will be sure to achieve a new height of success and will work hard to reach the top among all other co-operatives. A Saving Bank Account is generally opened for the purpose of savings for the future. Interest is paid on the balance maintained at the rate specified by the Reserve Bank of India from time to time. Restrictions are not imposed as far as the number of times the deposits can be made and amounts of deposits at any time.


• Saving bank account can be opened by an individual in his /her name, more than one person jointly, an illiterate person, a blind person, a guardian on behalf of minor in the minor´s name, charitable / religious institutions, trust, clubs, association, local bodies, primary co-operative societies or any other body corporate and staff members. Traders, business firms or professional concerns are not permitted to operate SB Accounts for their trade, business or professional purpose. Requirements for opening a Saving Bank Account are introduction, completion of account opening form, one photograph, initial deposit of cash, permanent account No.


• (PAN) allotted by Income Tax authorities and if the same has not been allotted or obtained a declaration in Form No.60 prescribed for this purpose duly completed and signed, any document in support of address such as Ration Card, Passport, Driving License, Identity Card issued by any institution, copy of Electricity Bill, Telephone Bill etc,.


• Current Accounts are generally opened by Traders, Business Community, Corporate as well as Government Bodies both for depositing cash / cheque and making payments on account of business transactions. These accounts have been designed specially to meet their business requirements.


• This account can be opened by individual, two or more individuals, sole proprietary firm, partnership firm, joint hindu family, private limited companies, public limited companies, public corporations, registered / unregistered societies / associations, trust, Government / semi – Government bodies / departments. No current Account should be opened in the name of a minor.

Address: Sahebrao Deshmukh Co-operative Bank Limited,
103, Trade Corner, Sakanaka Junction Andheri (East),
Mumbai – 400072, Maharashtra, India.
For further details contact: 022-2852 0369/ 2852 8714.
Email: ho@sdcbank.in