LOCATE ANY BANK BRANCH IN INDIA
Bank’s Overview
Bank’s
name is Sant Sopankaka Sahakari Bank Ltd. Saswad and its Registered office is
at Saswad, District Pune and Head/ Administrative Office is in its owned
premises at “Sopankaka Bhavan”, 1039, Shukrawar Peth, Tilak Road, Pune-411002.
Saswad is a Tahasil place and
located at 33 km away from Pune towards South-East.
Saswad is sorrounded by agricultural area and most of the members of our bank
are agriculturiest.
You will find one of the famous
historical place Mastani Talav at the bottom of the Dive Ghat while going from
Pune to Saswad.
You can travel by road only.
Bank was registered on 09.04.1997 and RBI’s license was issued on 24.09.1997
and commenced its business on 28.11.1997.
Sant Sopankaka, who had taken
sanjeevan samadhi at Saswad on Margashis Vadya Trayodashi Shake 1218, was the
youngest brother of Sant Dnyaneshwar.
So Saswad has legendary importance.
On this background bank had
given Sant Sopankaka’s name to the bank and had tried to upliftment of his
name.
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
Magnetic
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
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