Satara District Central Co-operative Bank
CHITALI BRANCH
+912161229213
Related Branches
Understanding IFSC Code: The Digital DNA of Satara District Central Co-operative Bank
When performing any digital transaction in India, the Indian Financial System Code
(IFSC) acts as a critical identifier. For the CHITALI
branch of Satara District Central Co-operative Bank, the code SDCE0001173 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 SDCE0001173 Code
An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:
Bank Identity
"SDCE" represents Satara District Central Co-operative Bank
Control Character
Always '0' (Reserved for future use)
Branch Locator
Unique code for CHITALI
Payment Systems Supported by SDCE0001173
| 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—415851595—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 Satara District Central Co-operative Bank in CHITALI typically follows the RBI holiday calendar. Digital transfers via SDCE0001173 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 SDCE0001173 is the valid code for CHITALI at CHITALI, ensure the beneficiary name matches perfectly in your mobile banking app.
Bank Search Indexing & Metadata
Related Searches
- • Satara District Central Co-operative Bank Branch List
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- • Swift Code for Satara District Central Co-operative Bank
- • Bank Holiday in MAHARASHTRA
Financial Tools
- • GST Calculator Online
- • Personal Loan EMI Calc
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- • Currency Converter
Branch Context
- • CHITALI Contact
- • Address of Satara District Central Co-operative Bank
- • MICR Code Finder
- • MAHARASHTRA Banking Circle
Platform Links
- • Anand Design DevBox
- • SEO Performance Hub
- • Webmaster Tools
- • IFSC Finder v2.0
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