Delhi State Co Operative Bank IFSC Code and MICR Code

Find Delhi State Co Operative Bank IFSC Code, MICR Code and branch details for NEFT, RTGS & IMPS transactions.

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Delhi State Co Operative Bank IFSC Code, MICR Code and SWIFT Code

IFSC is essential for online transactions. Using this code, you can send funds to any bank online, including The Delhi State Cooperative Bank. You can carry out banking activities like NEFT, RTGS, and IMPS with The Delhi State Cooperative Bank IFSC code. 

This code is mandatory for online transactions and can make banking much faster. You can transfer funds to an account at The Delhi State Cooperative Bank, whether or not you have an account in the same bank or branch. In any case, you’ll need the IFSC.

But if you enter the wrong code, the transactions can be delayed. The amount you are trying to transact will return to your account, and it can take a few working days. It is vital to use the correct information about the bank code to send the amount to the bank.    

Today, we are going to give you the necessary information about finding The Delhi State Cooperative Bank IFSC code. We'll tell you how to use them properly for NEFT, IMPS, and RTGS. Keep reading to learn more about the ideal ways to carry out your transactions.

Delhi State Co operative Bank IFSC Code

The RBI assigns the IFSC, or Indian Financial System Code, to banks and their branches. Every IFSC starts with a bank code that is common for all branches of a single bank. It also has a unique branch code at the end for every branch of the same bank. 

  • NEFT - Electronic transfer of money from one bank to another.
  • RTGS - A method of transferring Rs. 2 lakh or above, quickly.
  • IMPS - A method of immediate transfer, available all day.

Delhi Co operative Bank IFSC Code Format

To understand the format of the Delhi Cooperative Bank IFSC code, let us consider two examples and compare them. The IFSC of the Deuli branch of this bank is DLSC0000038, while that of the Nihal Vihar branch is DLSC0000036.

The 11-digit code contains alphabets and numerical. The first four digits are common for all branches of the same bank, i.e., The Delhi State Cooperative Bank. The last six digits change based on the branch. That means, every branch has a different IFSC.

If you look at the examples, you will see that the first four digits are the same, i.e., DLSC. The last six digits make all the difference, i.e., they differ because of the branch. Then, what about the fifth character? It is filled by 0 and is for utilisation in the future.      

How to Find IFSC Code?

Now you know that IFSC is essential for different types of transactions. But the question is, how will you find these codes? Take a look: Finding The Delhi State Cooperative Bank IFSC code is an easy task. There are many sources available for the same.

To find the IFSC, you can check the following:

  • Passbook: You can find the desired code of your branch on the first leaf of the passbook, where all the other details of the account are also present.
  • Cheque leaf: Your branch’s IFSC is mentioned in the top corner of every leaf of the cheque book.
  • RBI website: You’ll find both the IFSC on the official site of the Reserve Bank of India. You’ll need to enter the bank and branch name.
  • Customer Care: You can either call the bank’s customer care provider or walk into your nearest branch and place your queries at the help desk.
  • Find Your Bank: You can also refer to a trusted source, Find Your Bank, to find the IFSC. The website and phone app allow you to find the IFSC of all banks operating in India quite easily.

Besides IFSC, you can also use the above-mentioned sources to find the MICR code. It is available on the passbook, at the bottom of every cheque leaf, and on the RBI official website. You can contact the bank’s customer care team or refer to Find Your Bank. 

Most banks have their own official websites and mobile apps where you can find the details. But The Delhi State Cooperative Bank does not offer any of these. You will need to depend on the above sources. Since this bank has no SWIFT code, you won’t find it anywhere.  

Delhi State Cooperative Bank MICR Code

Besides the IFSC, there’s the MICR code that is used in ECS or electronic clearance system. The Magnetic Ink Character Recognition code uses special technology to print the codes on cheque leaves. RBI introduced this code to facilitate cheque processing. 

It is the result of the advanced CRT, i.e., Character Recognition Technology and is printed using magnetic ink or toner infused with iron oxide. A special machine is used to read the code, which contains 9 digits. It helps the RBI to track a transaction to the source branch.

Now let's look at the breakup of the MICR code. The 1st 3 digits showcase the city of the source branch. The next 3 showcase the bank. The last 3 vary based on the branch. Each branch of every bank has a unique MICR code from the RBI. 

Delhi State Cooperative Bank SWIFT Code

SWIFT code is used by some banks for international fund transfers. The Society for Worldwide Interbank Financial Telecommunication code is also known as the BIC or Business Identifier Code. These codes help with accurate and easy transactions.

SWIFT codes facilitate transactions within 1-5 working days between banks in separate nations. These alphanumeric codes have 8-11 characters. However, not all banks are part of the SWIFT network. The Delhi State Cooperative Bank doesn't have a SWIFT code.

How to Add Beneficiary for Fund Transfer using IFSC Code?

If you want to transfer funds to an account in The Delhi State Cooperative Bank, it’s a good idea to add the details of the recipient’s accounts to your list of beneficiaries. To do that, you will need to know beneficiary account’s IFSC.  

Here are the steps that you’ll need to follow to add a beneficiary for the fund transfer: 

  • Use your bank website or netbanking app on the phone.
  • Log in using your unique customer ID and password.
  • Select the option of “Fund Transfer”.
  • In the new tab that will open, choose the “Add Beneficiary” option.
  • Add the beneficiary’s name, account number, bank name, branch name, and IFSC.
  • Submit the details and wait for some time for the beneficiary to be added.

Once the beneficiary's details start to appear on your list of beneficiaries, you can use the same information for fund transfer whenever you want. You will not need to add the details all over again.

How to Transfer Money Online using IFSC?

Transfer money to any bank account using Delhi State Cooperative Bank IFSC code. You can perform NEFT, RTGS, or IMPS. Let's look at each of these individually.

NEFT

A common online fund transfer mode is NEFT, or National Electronic Funds Transfer. You'll need to add the account details of your beneficiary, including the IFSC and the amount you want to send. Banks process NEFTs every hour. The transaction can take up to 10 hours. 

RTGS

Using RTGS, or Real Time Gross Settlement, you can transfer funds above Rs. 2 lakhs. It is an instant transfer method for which you will need to enter all the beneficiary details, including the IFSC, along with the amount. It will reflect in both accounts immediately.   

IMPS

IMPS, or Immediate Payment Service, is an instant money transfer method that you can use any time of the day. As with all transactions, IFSC is mandatory for IMPS transactions. You can send funds of up to Rs. 50000 using the recipient's MMID or MPIN.