The Karad Urban Cooperative 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 errors.

For example, we can take the IFSC code: "KUCB0488000" - of The Karad Urban Cooperative Bank Limited branch in ShahuChowk, Karad, Maharashtra.

• Here, the first four alphabets, KUCB, indicate the bank name, i.e., The Karad Urban Cooperative Bank Limited.
• The fifth digit is 0 (zero) - provided for future use.
• The last six digits 488000 - denotes a particular branch at ShahuChowk, Karad, Maharashtra.

This IFSC code can be used for online money transactions via NEFT, RTGS and IMPS to any The Karad Urban Cooperative 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 The Karad Urban Cooperative 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 The Karad Urban 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.

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.

The Karad Urban Cooperative Bank Limited Branch Details

• Maharashtra

ABOUT KARAD URBAN COOPERATIVE BANK

• The Karad Urban Cooperative Bank Limited was established first as a Co-operative Urban Credit Society at Satara District, Maharashtra in 1917. It was subsequently converted into a Schedule Bank. The promoters of this bank were from different lifestyles and various fields but recognized the need of the bank 90 year ago and started this bank for future development.


• The late Dr.D.S.Erram who had vision and who along with dedicated co-operation from Shri. Subhashrao Joshi and other Board Members were able to achieve all round progress. Till 1993, the bank had only 8 branches spread over Satara District only. Later, it expanded its wings in other prominent Districts of Maharashtra viz. Sangli, Kolhapur, Solapur, Ratnagiri, Pune and Mumbai. The bank has made tremendous progress in all these districts and considering the need and demand, has amended its bye laws to cover other districts of Maharashtra viz. Raigad, Ahamadnagar and also planning to go Multi-State by opening branches in Ahmedabad and Belgaum in Gujarat and Karnataka state respectively.


• Due to its professional Management dynamic leadership of Late Dr.Erram and Shri Subhashrao Joshi, the bank made tremendous progress in the last 10 years and during the year 1999-2000 it was conferred with the "Scheduled Status" as mark of its financial health and confidence of the public.


• In 1989, the bank initiated computerisation in phases. All the branches were computerised in a short period to render quick and delightful service to its valued customers. It also provides small collection & receipt print devices to its Pigmy Agents, so agents can collect small deposits from customers/borrower doorstep. The bank's vision for centralised data storage for 'Any Where Any Time Banking' through Core Banking Solutions was successful.


• As part of social obligation, the bank is making all round progress in its activities. The bank has established a public trust viz. Karad Urban SamajikKritadnyataNyas". Through this trust, timely financial help is provided to members suffering from Chronic diseases and serious ailments like Heart-attacks, kidney failures, neurological disorders and persons who suffer due to Accidents etc. Members are also given financial aid for their higher studies in Foreign Countries. Members who make major achievements in special fields are also provided financial help needed by them. The trust has planned to establish a Diagnosis Centre in association with other Social Institution and in near future CT-Scan, Cardiological help, Pathology Lab and allied services to the members at affordable rates.

ADDRESS:
The Karad Urban Cooperative Bank Limited,
Head Office,
516/2, ShanjwarPeth, ShahuChowk,
Karad -415 110, India.
For further details contact:02164-226017.
Email: contact@karadurbanbank.com