What is an IFSC code?


Indian Financial System Code (IFSC). It is used for electronic payment applications like Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), Immediate Payment Service, an interbank electronic instant mobile money transfer service (IMPS), and Centralised Funds Management System (CFMS) developed by Reserve Bank of India (RBI). The code has eleven characters "Alpha Numeric" in nature. First four characters represent bank, fifth character is default "0" left for future use and last six characters represent branch.

What is a MICR code?
MICR Code: Magnetic Ink Character Recognition as printed on cheque book to facilitate the processing of cheques.

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Saraswat Cooperative Bank Limited Zone -- X , Matunga Greater Bombay Branch IFSC/MICR Code Details
Bank Name SARASWAT COOPERATIVE BANK LIMITED
Address PIONEER HIGH SCHOOL BLDG, TELANG ROAD, MATUNGA (E) (CR). MUMBAI - 400 019
State MAHARASHTRA
District GREATER BOMBAY
Branch ZONE -- X , MATUNGA
IFSC Code SRCB0000261
Branch Code 000261 (Last six characters of IFSC code represent Branch code.)
MICR Code 400088001
Contact Phone 21636737
via https://bankingzone.in/ifsc

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