LOCATE ANY BANK BRANCH IN INDIA
Ambarnath Badlapur belt was confined with a population of middle & lower class section of the society.They were neither inclined nor aware about the banking services and went to unscrupulous money lenders who would charge them heavily for their borrowing needs. Our Founder Chairman Mr. Vilas Desai experienced the plight of these people who were the prey of the money lenders hence decided to establish a bank with a vision to help common and needy people for their Socio-Economic development.
Under the guidance and the management skill of our founder Chairman Mr. Vilas Desai,our bank had reached a commendable position in Co-operative sector. "Aapulkine Vaganari Manse" is the moto of our bank that ensures clarity of services towards our customers hence has created a distinct image of our bank in the eyes of general public.
Ambarnath Jai Hind Co-op Bank is a licensed Urban Co-operative Bank established in the year 1985 has its Head Office at Ambarnath-District Thane. At present the bank operates through network of 18 branches with 12 On-site ATMs and 1 Off-site ATM in the surrounding area of District of Thane,Pune and Raigad. The area of operation is spread over the entire state of Maharashtra.
The bank has crossed total business of ₹736 Crores in March 2018. Deposit stood at ₹476 crores and Advances at 260 crores. The bank has restricted Net NPA (Non-Performing Assets) position to the figure of 1.25% (Un-Audited)*
We have established our data center which was installed and designed by own staff and the same is successfully managed by them which enables us to shift the data from Active to Passive Server in case of failure of Active Server. For business continuity plan, bank also has his own Disaster Recovery site.
of this Data Center our bank has come to the forefront of offering our
customers following services :-
Core Banking Solution
Any Branch Banking
SMS Alerts on all transactions
ATM Facility over 1,70,000 ATMs
Personalised CTR 2010 Cheque Book
Aadhar Card Enable Accounts
Direct Clearing Membership
A/C Statement by Email Facility
Bank issues Rupay ATM Cum Debit Cards to the Customers
Enable shopping at stores with EMV ATM cards
Our Bank is certified under ISO 9001 – 2008.We are honored to be an ISO Certified Bank.
What is IFSC Code
IFSC is short for Indian Financial System Code and represents the 11 digit character that you can usually see on your bank’s cheque leaves, or other bank sponsored material. This 11 character code helps identify the individual bank branches that participate in the various online money transfer options like NEFT and RTGS.
How to find IFSC Code?
Ways to find IFSC codes
- IFSC code can be found on cheque leaf and bank passbook of the respective bank.
- Banks and respective branch list of IFSC codes can be obtained from Reserve Bank of India’s website.
- The IFSC code of a particular bank can also be found on the banks’ official website.
Benefits of IFSC Code
Benefits of IFSC Code are :
- Helps to identify a Bank and its respective branch
- Eliminates errors in the process of fund transfer
- Transfers done with IFSC such as NEFT, RTGS and IMPS are accurate
What is MICR Code
MICR or Magnetic Ink Character Recognition Code is a 9 digit code used for faster processing of cheques. MICR number is also unique for every bank branch, hence it helps in uniquely identifying the bank and branch participating in an Electronic Clearing System (ECS). MICR Code like IFSC is a combination of 3 essential components:
- The first 3 digits represent the city code.
- The middle 3 represent the particular bank code.
- The last 3 digits represent the specific branch code
Benefits of MICR Code
Benefits of MICR Codes are:
MICR code enables efficient, quick and error-free processing of cheques. This is possible with magnetic ink, reading machines and technology used in MICR.
Difference between IFSC and MICR code
ink character recognition code (MICR) is a technology that enables faster
processing of cheques by recognizing unique characters printed on the cheque.
MICR consists of a 9 digit code. The
first three digits of the MICR code represent the city, the next three give the
bank code and the last three digits denote the branch of the bank. Similar to
an IFSC code, every branch of a bank has a specific MICR code. While IFSC is
used for online fund transactions, MICR is used for cheques.
Let’s understand the difference between IFSC and MICR