Apna Sahakari Bank
PHULE WADI BRANCH
+912312631717
Understanding IFSC Code: The Digital DNA of Apna Sahakari Bank
When performing any digital transaction in India, the Indian Financial System Code
(IFSC) acts as a critical identifier. For the PHULE WADI
branch of Apna Sahakari Bank, the code ASBL0000034 ensures
that your funds are routed through the Reserve Bank of India's (RBI) structured network without manual
errors. In an era of instant payments, having the correct IFSC is as important as the account number
itself.
Anatomy of the ASBL0000034 Code
An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:
Bank Identity
"ASBL" represents Apna Sahakari Bank
Control Character
Always '0' (Reserved for future use)
Branch Locator
Unique code for PHULE WADI
Payment Systems Supported by ASBL0000034
| System | Transfer Limit | Processing Time |
|---|---|---|
| NEFT | No Minimum (Up to ₹50 Lakhs+) | Half-hourly batches (24x7) |
| RTGS | Minimum ₹2 Lakhs | Real-time settlement |
| IMPS | Up to ₹5 Lakhs | Instant (Mobile/P2P) |
Why do you need the MICR Code?
While IFSC is for digital transfers, the Magnetic Ink Character Recognition
(MICR) code—416098005—is primarily
used for the processing and clearance of physical cheques. This 9-digit code helps in
identifying the bank and branch during the Cheque Truncation System (CTS) cycle, making clearing
faster and error-free.
Bank Holidays & Availability
The Apna Sahakari Bank in KOLHAPUR typically follows the RBI holiday calendar. Digital transfers via ASBL0000034 for NEFT/RTGS are now available 365 days a year, regardless of physical branch timings or Sunday closures.
Security Warning & Verification
Always verify the branch details before making a large payment. While ASBL0000034 is the valid code for PHULE WADI at KOLHAPUR, ensure the beneficiary name matches perfectly in your mobile banking app.
Bank Search Indexing & Metadata
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Financial Tools
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Branch Context
- • PHULE WADI Contact
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Platform Links
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