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Sanghamitra Co-operative Urban Bank

Sanghamitra Co-operative Urban Bank IMPS BRANCH

+918682232565

IFSC CODE
YESB0SCUB01
MICR Code 508817002
Branch Code SCUB01
City / District NALGONDA
State MAHARASHTRA
Office Address 5-6-140/A, SANGHAMITRA COMPLEX, PRAKASHAM BAZAR, NALGONDA - 508001
Phone +918682232565
📍 View Branch on Google Maps

Understanding IFSC Code: The Digital DNA of Sanghamitra Co-operative Urban Bank

When performing any digital transaction in India, the Indian Financial System Code (IFSC) acts as a critical identifier. For the Sanghamitra Co-operative Urban Bank IMPS branch of Sanghamitra Co-operative Urban Bank, the code YESB0SCUB01 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 YESB0SCUB01 Code

An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:

First 4

Bank Identity

"YESB" represents Sanghamitra Co-operative Urban Bank

5th Digit

Control Character

Always '0' (Reserved for future use)

Last 6

Branch Locator

Unique code for Sanghamitra Co-operative Urban Bank IMPS

Payment Systems Supported by YESB0SCUB01

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—508817002—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 Sanghamitra Co-operative Urban Bank in NALGONDA typically follows the RBI holiday calendar. Digital transfers via YESB0SCUB01 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 YESB0SCUB01 is the valid code for Sanghamitra Co-operative Urban Bank IMPS at NALGONDA, ensure the beneficiary name matches perfectly in your mobile banking app.

RBI Verified NEFT Enabled RTGS 24x7

Bank Search Indexing & Metadata

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Financial Tools

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Branch Context

  • • Sanghamitra Co-operative Urban Bank IMPS Contact
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  • • MICR Code Finder
  • • MAHARASHTRA Banking Circle

Platform Links

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