Ashok Sahakari Bank
Ashok Sahakari Bank IMPS BRANCH
+912412451043
Understanding IFSC Code: The Digital DNA of Ashok Sahakari Bank
When performing any digital transaction in India, the Indian Financial System Code
(IFSC) acts as a critical identifier. For the Ashok Sahakari Bank IMPS
branch of Ashok Sahakari Bank, the code ICIC00ASHSB 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 ICIC00ASHSB Code
An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:
Bank Identity
"ICIC" represents Ashok Sahakari Bank
Control Character
Always '0' (Reserved for future use)
Branch Locator
Unique code for Ashok Sahakari Bank IMPS
Payment Systems Supported by ICIC00ASHSB
| 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—414815001—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 Ashok Sahakari Bank in AHMADNAGAR typically follows the RBI holiday calendar. Digital transfers via ICIC00ASHSB 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 ICIC00ASHSB is the valid code for Ashok Sahakari Bank IMPS at AHMADNAGAR, ensure the beneficiary name matches perfectly in your mobile banking app.
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Branch Context
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