Find Bangalore City Co Operative Bank IFSC Code, MICR Code and branch details for NEFT, RTGS & IMPS transactions.
The Bangalore City Co-Operative Bank initially started as a credit Co-Operative society in 1905, and it was converted into an urban Co-Operative bank in 1907. It provides all modern banking facilities to its customers where the Bangalore City Co-Operative Bank IFSC code plays a major role.
It has its headquarters in Bangalore and is considered one of the top three Co-Operative banks in the state of Karnataka. When it comes to advanced banking facilities, IFSC, MICR, and SWIFT codes have undeniable importance.
These have made online fund transfers and cheque clearance a minute's task. If you have to make a digital fund transfer to any national bank, you'll need the IFSC code. You need the MICR code for cheque clearance, and for international fund transfers, you need the SWIFT code.
If you want to know in detail about the functions of IFSC, MICR, and SWIFT codes, how to use them, and where to find them, continue reading this article. You'll also find information about NEFT, RTGS, and IMPS payment modes.
The IFSC code is an eleven-character alphanumeric code that is used to identify bank branches. The Reserve Bank of India has started the Indian Financial System Code (IFSC) to ensure a seamless online fund transfer system. The RBI assigns IFSC code to all banks, including the Bangalore City Co-Operative Bank.
The IFSC code has a set pattern which is the same for all banks. According to the format, the first four characters of the code will represent the bank's name. The central character is zero, reserved for future usage and the last six characters represent the branch name or location.
The Bangalore City Co-Operative Bank IFSC code to has the same pattern. Let's see an example. The Bangalore City Co-Operative Bank Head Office branch IFSC code is INDB0BCCB02.
The first four letters, INDB, stands for the IndusInd bank. The Bangalore City Co-Operative Bank is under the surveillance of IndusInd bank; hence the first letters represent its name.
As per the RBI format, the mid character is zero, and the last six characters, BCCB02, signify the Head Office. The IFSC code makes online fund transfer so easy. Now customers just have to either download the bank's mobile app or go to the website, select a payment option, and enter the IFSC code and recipient's bank details to send funds.
Gone are the days when you had to wait in long queues at the bank branch to send money across. Since each bank branch has a separate IFSC code, the system identifies the branch location as soon as you enter it. But make sure you enter the right codes, without which your fund transfer won't be a success.
While so many people prefer making online fund transfers nowadays, another section of people still relies on cheques. The MICR code is for them. The function of MICR and IFSC code is quite the same, which is the identification of bank branches.
But as against the IFSC code, which identifies branches participating in online fund transfer, the MICR code identifies banks' participation in Electronic Cheque Clearance (ECS).
There is also a set format for the MICR code. It's a nine-digit code, and we can segregate it into three parts. The first three letters of the MICR code stand for the branch code or city name, the mid-three characters represent the bank name, and the final three characters represent the branch location/ name.
Here is an example of the Bangalore City Co-Operative Bank MICR code. The MICR code of the Bangalore branch is 560225002. Here is a breakdown of the MICR code-
The MICR code is printed using a unique magnetic ink which makes cheque clearance a lot faster. If you're wondering where to find the IFSC and MICR code, the following section of this article will answer your question.
By now, you must have understood the importance of IFSC, MICR, and SWIFT codes. These are required for three different payment modes. The IFSC code is used for online payments, MICR for paper-based documents, and the SWIFT code for international wire transfers.
Where do you get these codes from? Find Your Bank is a one-stop destination for all banks IFSC, MICR, and SWIFT codes, including the Bangalore City Bank. To get the Bangalore City Co-Operative Bank IFSC code from the Find Your Bank Website, you have to-
Once you enter all the necessary details, the mentioned details, the respective codes will appear on the screen. Find Your Bank also has its own application. You can download mobile app for even faster access to the codes. Apart from Find Your Bank, there are other ways where you can get the IFSC and MICR codes of Bangalore City Co-Operative Bank. Let's have a look at these sources as well.
If you are a Bangalore City Co-Operative Bank customer, you must have received a passbook and cheque book. The IFSC and MICR code is printed there, so it's one of the reliable and easiest ways to source the codes.
Since the RBI has initiated the system of IFSC codes, they keep a record of all banks' IFSC codes. The Bangalore City Co-Operative Bank is also there in their record, so you can check it there as well.
The net banking platforms of Bangalore City Co-Operative Bank, like their website and mobile app, are another great way to find the IFSC code and MICR codes. Just enter the branch name and other required details, and the IFSC & MICR code will be on the screen within seconds.
The Bangalore City Co-Operative Bank customer care team, is always there to help you find solutions to all your problems. If you are still not able to find the IFSC or MICR code through the above means, get in touch with the BCCBL Bank's customer care team.
Ever since banks have introduced the systems of NEFT, RTGS, and IMPS, sending money anywhere has become a lot easier. Now you can send money to both within or outside if you have the required details. NEFT, RTGS, and IMPS are all three made for different types of fund transfers. Let's have a look at each of these and find out how they work.
National Electronic Fund Transfer is a DNS-based system where money is sent in batches. To send money through NEFT, you'll need-
Real Time Gross Settlement is used for making high-value fund transfers. The minimum amount for RTGS is two lakhs, and as the name says, the money is sent here in batches. The details required for making an RTGS fund transfer are the same as NEFT, which is-
When you need to make an emergency fund transfer, you can use IMPS. The maximum limit for an IMPS transaction in Bangalore City Co-Operative bank is Rs. 2 lakhs and the service is available 24*7 all around the year. To make a transfer via IMPS, you'll need the following details-
|Up to Rs. 1,00,000||Rs. 5 per transaction|
|Rs. 1 lakh to Rs. 2 lakhs||Rs. 15 per transaction|
The Bangalore City Co-Operative Bank was founded by Sri K. Ramaswamaiah along with other co-Operators to help poor people get relief from private money lenders. The bank started as a Credit Co-Operative Society in 1905, and in 1907 it was converted to Bangalore City Co-Operative Bank Limited 1907.
The Bangalore Co-Operative Bank started with a share capital of Rs. 2727 and currently, the business has crossed Rs. 3100 crores. Also, it currently has 22 branches spreading across the state of Karnataka.
The Bangalore City Co-Operative Bank has successfully completed 110 years with a huge customer base, a dedicated team, and excellent service.
The various services provided by the Bangalore City Co-Operative bank are- savings accounts, current accounts, fixed deposits, recurring deposits, safe deposit lockers, online fund transfers, etc.
The Bangalore City Co-Operative Bank's work hours are
The Bangalore City Co-Operative Bank customer care number is- 26617980. If you face any issues regarding any service, you can contact customer care by calling this number.
Bangalore urban falls under the surveillance of Bangalore City Co-Operative Bank.
There are a total of 22 branches of Bangalore City Co-Operative Bank.