LOCATE ANY BANK BRANCH IN INDIA
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
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