Ahmednagar Shahar Sahakari Bank IFSC Code and MICR Code

Find Ahmednagar Shahar Sahakari Bank IFSC Code, MICR Code and branch details for NEFT, RTGS & IMPS transactions.

Search Ahmednagar Shahar Sahakari Bank IFSC Code

Ahmednagar Shahar Sahakari Bank IFSC Code Finder - Select Your State


Ahmednagar Shahar Sahakari Bank IFSC Code, MICR Code and SWIFT Code

Ahmednagar Shahar Sahakari Bank has its head office in Navi Peth, Ahmednagar. The bank currently has 21 branches in Maharashtra and offers many financial services. The Ahmednagar Shahar Sahakari Bank IFSC Code is used for online payments.

The head office Sarvaarth is named by Prof. Ghaisas, one of the contributors during the initial years. The bank expanded over the years and adopted online fund transfer methods. The IFSC and MICR coding systems were developed by the Reserve Bank of India (RBI) to identify every bank branch in the country. The codes speed up online money transfers.

The banking codes are unique to each branch and used for identification during wire transfers. Anyone who wants to send money online to another person’s account should know the IFSC code of the beneficiary’s bank branch. 

Let’s read more about the IFSC and MICR codes of the bank. We’ll also learn how to send money using NEFT, RTGS, and IMPS for transferring funds online. Use this information to send money online to other bank accounts and save time. 

Ahmednagar Shahar Sahakari Bank IFSC Code


IFSC is short for Indian Financial System Code, a unique 11-character code allotted to every bank branch in the country by the RBI. The banking system uses the code to identify the branch information and clear online payments. 

The IFSC code is divided into three parts. The first part contains four alphabets that represent the bank code. The second part is the fifth character in the code, which is always a zero (0). The third part is the branch code and can be denoted by numbers or alphabets.

For example, Ahmednagar Shahar Sahakari Bank Savedi Branch, IFSC Code is SVCB0008002. The branch is located at Krutarth, Near Hotel Premdan, Savedi Road, Ahmednagar. Here, 

  • SVCB is the bank code and is followed by zero (0)
  • 008002 is the branch code for the bank located in Krutarth

The IFSC code is used by banks and customers. When sending money to an account, you need to specify the IFSC code of the beneficiary’s bank branch. This allows the money to be securely credited to their account. The IFSC code is a must when making NEFT, IMPS, and RTGS transactions.  

You cannot complete the transaction without using the IFSC code. Using a wrong IFSC code during online fund transfers can result in a failed transaction. If the beneficiary’s account is in the same branch, the transaction might be successful if the account number is correct.

Mentioning the wrong IFSC code and account number is risky. The amount might be sent to another person. If the transaction fails, the amount will be credited back to your account in a few business days. It is necessary to find and use the correct IFSC code to avoid such complications. 

Ahmednagar Shahar Sahakari Bank MICR Code

MICR or Magnetic Ink Character Recognition Code is a nine-digit code printed on cheques to enable faster cheque clearing online. Similar to the Ahmednagar Shahar Sahakari Bank IFSC Code, the MICR code is also allotted by the Reserve Bank of India. It is divided into three parts, and each denotes a different entity. 

  • 1st three digits: City Codes
  • Next three digits: Bank Code 
  • Last three digits: Branch Code

The similarities end there. The MICR Code is not required for NEFT, RTGS, or IMPS payments. It is solely used by the banks to validate the authenticity of a cheque during ECS (Electronic Clearing System) and deposit the amount into the beneficiary’s account. 

The MICR code for Ahmednagar Shahar Sahakari Bank is 414802002. The code can be divided into-

  • 414- City Code for Ahmednagar 
  • 802- Bank Code for Ahmednagar Shahar Sahakari Bank
  • 002- Branch Code for Krutarth/ Savedi Branch

The MICR code appears at the bottom of individual cheques using MICR technology. However, all bank branches don’t have a MICR code. Non-MICR branches use the traditional/manual cheque clearing process, which is time-consuming and labor-intensive. 

How to Find the IFSC Code & MICR Code of the Ahmednagar Shahar Sahakari Bank?


We know that bank codes are important for online money transfers. But how do you find the IFSC and MICR codes? Where can you find them? Should you search online or offline? Luckily, there are many ways to find IFSC and MICR codes for your bank or the beneficiary’s bank branch. Check them out below: 

Online Search Tools

The easiest way to find the ISFC and MICR codes of a bank is by using an online search tool. Find Your Bank is a free, reliable, and easy-to-use platform with banking codes for all branches in the country. Open this link in the browser: https://findyourbank.in/

Use the form on the home page to enter the information. There’s no need to type the details. You are just required to select the correct option from the drop-down list. Note that the webpage will refresh after each selection. 

  • Step 1: Select the 'Bank Name' from the list.
  • Step 2: Select the 'State' where the branch is located.
  • Step 3: Select the 'District Name'.
  • Step 4: Finally, Select the 'Branch Name (city)'.

All known details about the bank branch will be provided on the screen. The bank name, address, phone numbers, contact email ID, IFSC code, MICR code (if applicable), and SWIFT code (if applicable) will be mentioned in the table. Simply copy the code from here.  

Find Your Bank is also available as a free Mobile App on the Play Store. Download and use it on your smartphones at any time. You ought to have a working internet connection on your phone. 

Bank Passbook

Every account holder will have a passbook provided by the bank branch. The passbook contains your identifying information, bank details, and the transactions in your account. To get the IFSC and MICR codes of your bank branch, open the first page of the passbook. The page will also contain your account number, type, customer ID, etc. 

Ask the beneficiary to check their passbook and share the IFSC code. The branch name, address, and phone number will also be mentioned on the same page. 

Bank Chequebook 

The chequebook is another instrument provided by the bank to the account holders. You need to apply for the chequebook separately. However, those who have it can open the first page and find the IFSC and MICR codes written on it. 

The codes are printed on every cheque to facilitate verification during cheque transactions. IFSC codes appear on cheques after the bank’s name and logo. The MICR code appears at the bottom beside the cheque number.  

Bank Website

The official website of the bank will have the IFSC codes of all its branches. For example, you can find the Ahmednagar Shahar Sahakari Bank IFSC Code of every branch of the bank on its website, along with other information like the branch name, address, phone numbers, and email ID. 

Bank Customer Care 

The simplest way to find the bank codes is by calling the customer care of the bank. You can get the phone number from the passbook or website. Even non-account holders can ask for the IFSC, MICR, and SWIFT codes of a bank. Take care not to share any confidential information such as account number, PIN, debit card number, etc. 

How to Transfer Money through NEFT, RTGS & IMPS?


There is no denying the convenience of using online fund transfer methods to send money anywhere in the country or abroad. NEFT, RTGS, and IMPS are commonly used for domestic fund transfers.  

Ahmednagar Shahar Sahakari Bank offers NEFT and RTGS fund transfers through the bank branches. You can visit the branch, provide the necessary information, and get the money sent online to the beneficiary. Let’s read more about the fund transfer methods in detail. 

NEFT (National Electronic Fund Transfer)

NEFT is the most common method used to send money online. It uses the Deferred Net Settlement (DNS) system to clear the transactions in batches. The payment may take up to two hours to be credited to the beneficiary’s account. Sometimes, it may take up to a day. 

The Ahmednagar Shahar Sahakari Bank IFSC Code is a must if you want to send money to a person with an account in that bank. You need to provide the following details to make an NEFT payment: 

  • Amount to be transferred 
  • Your Account Number to debit the amount 
  • Beneficiary Account Number 
  • Beneficiary Bank Name 
  • Beneficiary Bank Branch’s IFSC Code 
  • Beneficiary Name 

You do not have limits on NEFT transactions. You can send any amount and make any number of transactions from your account. There are no time limits either. NEFT can be used 24*7*365 if you have a net banking account with the bank. 

The transaction fee is assessed based on the amount sent per transaction. The charges fall between Rs. 2.50 + tax and Rs. 25 + tax. The rates may vary based on the bank.  

RTGS (Real Time Gross Settlement)

RTGS is used to send large amounts of money in real-time. It is a secure way to transfer funds online to any bank account in the country. RTGS is the best choice of online payment when you need to send a big amount of money during emergencies. 

The RTGS network is kept load-free by limiting the minimum transaction amount to Rs. 2 lakh. There is no upper limit for RTGS payments. The transaction charges are expensive compared to NEFT and range between Rs. 25 + tax and Rs. 49 + tax. 

You need the same details as NEFT to make an RTGS payment. However, remember that RTGS transactions are irreversible. 

IMPS (Immediate Payment Service) 

IMPS is an instant payment service that allows any time funds transfer between two accounts. You can make an IMPS payment using your MMID (Mobile Money Identifier). You need to first apply for it from the bank branch. 

The minimum amount that can be sent through IMPS is Re. 1, while the maximum amount is Rs. 2 lakh. The transaction charges are levied as per the bank’s policies, though they cannot charge more than Rs. 25 + tax per transaction. You need the following details to make an IMPS payment: 

  • Beneficiary’s MMID 
  • Your MMID 
  • Your Registered Mobile Number 
  • Amount to be Transferred 
  • Beneficiary Bank Account Number 
  • Beneficiary Bank Branch’s IFSC Code (not required if using MMID) 
  • Beneficiary’s AADHAAR Number

About the Ahmednagar Shahar Sahakari Bank


The foundation for Ahmednagar Shahar Sahakari Bank was laid in 1970 to help the working and middle-class society by offering cooperative bank services. The bank was officially opened in 1971 on the 1st of July after getting approvals from the Reserve Bank of India. 

Ahmednagar Shahar Sahakari Bank continued to grow over the years and became a fully functional core banking solution provider in 2007. The bank’s first branch outside Ahmednagar district was opened in Pune in 2009. 

The bank currently has twenty-one branches in Maharashtra. Fourteen branches are in Ahmednagar district, four in Pune, two in Aurangabad, and one in Nasik. 

Frequently Asked Questions

1) How to Check the Balance in Ahmednagar Shahar Sahakari Bank?

Account-holders can check the balance by signing up for the Mobile alert system by the bank. Send an SMS to 87938 00800 for balance inquiry, cheque query, mini statement, and customer service. Account-holders can also give a missed call to 72182 14848 to know the account balance. 

2) What is the Customer Care Number of Ahmednagar Shahar Sahakari Bank?

Ahmednagar Shahar Sahakari Bank has listed 0241-2346217 and 2343357 as the customer care numbers. The phone numbers belong to the Sarvaarth branch in Navi Peth, Ahmednagar. The contact numbers for each branch are different and can be found on the bank’s website. 

3) What is the Eligibility Criterion for Opening a Bank Account in Ahmednagar Shahar Sahakari Bank?

You would need the below documents to open an account in Ahmednagar Shahar Sahakari Bank: 

  • Identity Proof - AADHAAR, Passport, Voter ID, Driving License, etc. 
  • Address Proof - AADHAAR, Passport, Voter ID, Driving License, etc. 
  • PAN Card (or Form 16) 
  • Recent Passport Size Photographs of the applicant(s)