Annasaheb Savant Co-operative Urban Bank Mahad
Annasaheb Savant Co-operative Urban Bank Mahad IMPS BRANCH
+912145222645
Understanding IFSC Code: The Digital DNA of Annasaheb Savant Co-operative Urban Bank Mahad
When performing any digital transaction in India, the Indian Financial System Code
(IFSC) acts as a critical identifier. For the Annasaheb Savant Co-operative Urban Bank Mahad IMPS
branch of Annasaheb Savant Co-operative Urban Bank Mahad, the code HDFC0CMAHAD 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 HDFC0CMAHAD Code
An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:
Bank Identity
"HDFC" represents Annasaheb Savant Co-operative Urban Bank Mahad
Control Character
Always '0' (Reserved for future use)
Branch Locator
Unique code for Annasaheb Savant Co-operative Urban Bank Mahad IMPS
Payment Systems Supported by HDFC0CMAHAD
| 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—400240261—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 Annasaheb Savant Co-operative Urban Bank Mahad in MAHAD typically follows the RBI holiday calendar. Digital transfers via HDFC0CMAHAD 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 HDFC0CMAHAD is the valid code for Annasaheb Savant Co-operative Urban Bank Mahad IMPS at MAHAD, ensure the beneficiary name matches perfectly in your mobile banking app.
Bank Search Indexing & Metadata
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Financial Tools
- • GST Calculator Online
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Branch Context
- • Annasaheb Savant Co-operative Urban Bank Mahad IMPS Contact
- • Address of Annasaheb Savant Co-operative Urban Bank Mahad
- • MICR Code Finder
- • MAHARASHTRA Banking Circle
Platform Links
- • Anand Design DevBox
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- • IFSC Finder v2.0
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