Shikshak Sahakari Bank Limited

RBI has allotted the Indian Financial System Code in short denoted as IFSC codes to all the bank branches in India. IFSC codes are unique 11-digit codes with alphanumeric characters. These codes help the users to ensure that the transferred funds go to the right person account, without any mistakes.

For example, we can take the IFSC code: "SKSB0000002" of the ShikshakSahakari Bank Limited branch in Nagpur, Maharashtra.

• Here, the first four alphabets, SKSB, indicate the bank name, i.e., ShikshakSahakari Bank Limited.
• The fifth digit is 0 (zero) - provided for future use.
• The last six digits 000002 - denotes a particular branch of Nagpur, Maharashtra.

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

Easy way to find ShikshakSahakari 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 ShikshakSahakari 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 on 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.

Shikshak Sahakari Bank Limited Branch Details

• Maharashtra

ABOUT SHIKSHAK SAHAKARI BANK

• ShikshakSahakari Bank Limited was established in 1979. The aim of the bank is to help teachers to meet their financial needs. In the year 1976, the founder thought of establishing a bank and its realisation in January 1979. The bank was started with a share capital of Rs. 3.50 lakh only. The founders of the bank were teachers by profession. It can be said that Shikshak Bank is a bank founded by teachers for teachers.


• Later, the bank did not keep itself limited to teachers but opened its membership to all. The bank also started financing for commercial purposes from the year 1987. It has achieved the deposit target of Rs.100 crores in the financial year 1996-97. Consequently, it was awarded the Scheduled Status on 22 May 1999.


• It is the first bank to get this status within twenty years of its inception, which is obviously a very short time-period. In the financial year 1999-2000, the bank secured 20th rank amongst other banks with regards to deposits and was placed first in Vidarbha. In the financial year 2000-2001, it rose to the 19th position amongst the banks with regards to deposits while maintaining its top position among the banks of Vidarbha.


• At the present, the bank has 19 branches functioning in Nagpur and Chandrapur districts. It has action plans to open more branches in near future. The area of operation of the bank includes Nagpur, Chandrapur, Wardha, Yavatmal, Bhandara and Gadchiroli districts.

ADDRESS:
ShikshakSahakari Bank Limited,
Head Office,
Gandhisagar, Mahal,
Nagpur - 440 018.
For further details contact: 0712-2774866, 2722319, 2727423.
Email:ssbho_ngp@shikshakbank.com