Greater Bombay Co Operative Bank IFSC Code and MICR Code

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

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Greater Bombay Co Operative Bank IFSC Code, MICR Code and SWIFT Code

The Greater Bombay Co-operative Bank, established on the 10th of December 1952, has its headquarters in Churchgate, Mumbai, with multiple branches running across Maharashtra. If you need to use online banking, you must have the Greater Bombay Co-operative Bank IFSC code.

While completing financial transactions, you may have come across the credential known as the IFSC code. It's an 11-digit alpha-numeric code that's entirely unique. It helps with the identification of transactions as well as the sources of such payments. 

It also simplifies the verification and monitoring of interbank payments. For NEFT, RTGS, and IMPS money transfers, as well as many other online payments, the IFSC code is mandatory. 

The Reserve Bank of India also utilizes the code to communicate. It aids in transaction surveillance, ensuring timely and safe completion of your transactions.

MICR is another special code used by banks to speed up the processing and verification of cheques. You can locate the code for your bank branch in the cheque leaf. If you are further curious about these codes, their purposes, and how to obtain them, check our in-depth guide.

The Greater Bombay Co-operative Bank (GBCB) IFSC Code

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If you want to make digital money transactions, you'll need the IFSC code. It's also crucial for the security of online payments because the RBI and your bank use it to monitor and track transactions. Besides that, the code determines where a payment originates and ends up.

The IFSC code has the format CDEF0123456 and a set of rules govern it. For instance, the Greater Bombay Co-operative Bank, Andheri Branch IFSC Code is GBCB0000007. There are three portions to this code:

  • The first four letters (GBCB) give the bank name.
  • The fifth digit is always a zero (0).
  • The last six numbers (000007) give you your branch code.

The Greater Bombay Co-operative Bank (GBCB) MICR Code

The MICR code is a unique identifying code as well. Banks make use of the MICR (Magnetic Ink Character Recognition) technology to print these codes. Banks require it for the identification, verification, and clearance of cheques.

The MICR code consists of nine characters and has the format "123456789." The Greater Bombay Co-operative Bank's Andheri branch, for example, has a nine-digit MICR code of 400095007. The first three digits (400) represent the city code, which is the same as the PIN code.

The next three numbers give the bank code (095), and the branch code is the last three digits (007). The MICR code for The Greater Bombay Co-operative Bank is present at the bottom of the check leaf, next to the cheque.

How to Find the IFSC Code, MICR Code & Swift Code of The Greater Bombay Co-operative Bank?

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The Greater Bombay Co-operative Bank IFSC code and MICR code are required to make a payment. Ensure that you possess all of the essential information before initiating the transaction. These critical codes can be obtained in a number of ways, and they are as follows:

Find Your Bank

Find Your Bank is a website that provides a number of banking-related services. It's one of the easiest methods to learn about your bank account. To get the IFSC and MICR code, go to the Find Your Bank website and provide the following information:

  • Name of the bank
  • State
  • District
  • Branch
  • Click 'Enter'

The proper codes will appear once you input all of the information and press enter. Find Your Bank also offers a convenient smartphone app that you can access at any time and even from any location. You can quickly discover codes on your phone with only a few taps.

Documents from the Bank

All of your credentials are readily available on the bank documents. Any bank passbook or check leaf will have the IFSC and MICR codes. These codes are primarily present on the first page of the bank passbook or the chequebook.

RBI

On the Reserve Bank of India's website, you can easily obtain the Greater Bombay Co-operative Bank IFSC code and MICR code. This is attributable to the fact that it keeps a database of all Indian bank branch codes.

Internet Banking Or Mobile Banking

To obtain the codes, log in to the bank's online banking or mobile banking platform using your credentials. After logging in, check through the numerous choices to choose the appropriate option. The Greater Bombay Co-operative Bank's IFSC or MICR code will be easily available.

Getting in Touch with the Bank

Don't worry if none of these ways fails because of whatever reason. Simply contact your bank's customer service team, and they will walk you through the steps to acquire your respective codes like IFSC or MICR.

How to Transfer Money through NEFT, RTGS & IMPS?

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Users prefer electronic money transfer services like NEFT, RTGS, and IMPS to traditional banking in the contemporary digital era since they are more efficient and easy. With only a few bits of info, you can undertake such transfers from anywhere.

To conduct these transactions, you'll need the following credentials in addition to the Greater Bombay Co-operative Bank IFSC code:

  • The amount of transaction
  • Beneficiary's bank name
  • Beneficiary's name
  • Account number of the remitter
  • Account number of the beneficiary
  • IFSC Code of the beneficiary's branch
  • Sender to receiver information, if applicable

When making payments using electronic transaction platforms, these credentials will always come in handy.

National Electronic Fund Transfer (NEFT)

The Reserve Bank of India (RBI) was the first to establish the national Electronic Fund Transfer (NEFT) system, and it is now one of the most prominent ways to send money quickly. Batch settlements and DNS (Deferred Net Settling) processes make it work.

The following are the details of the NEFT service provided by The Greater Bombay Co-operative Bank:

Timings Available at all times
Charges Applicable
  • Rs 3 on transactions up to Rs 10,000
  • Rs 6 on transactions above Rs 10,000 & up to Rs 1 lakh
  • Rs 18 on transactions above Rs 1 lakh and up to Rs 2 lakh
  • Above Rs 2 lakh, it is Rs 30
Settlement Half-hourly batches
Maximum and Minimum Limits No limits

GST applicable.

You must use Greater Bombay Co-operative Bank online banking or mobile banking to make an NEFT payment. Select the NEFT option after logging onto the applicable platform. Then, to add your beneficiary, fill in the necessary information.

Make sure you go through the terms and conditions before completing the NEFT transaction.

Real-Time Gross Settlement (RTGS)

RTGS, or Real-Time Gross Settlement, is one more real-time settlement electronic transaction technique. The phrase "real-time" encompasses all electronic transactions that the bank handles on a gross or individual basis at the point of receipt itself.

Because RTGS payments are non-reversible, they are typically better for larger quantities.

Timings Bank working hours
Charges Applicable
  • Rs 30 on transactions up to Rs 2 lakh to Rs 5 lakh
  • Rs 59 on transactions above Rs 5 lakh
Settlement Real-time
Minimum and Maximum Limit
  • The minimum limit is Rs. 2 lakhs
  • Maximum is 10 lakhs

GST applicable.

Log in to your bank's net or mobile banking platform to access the RTGS service. Then choose the RTGS money transfer option and enter the IFSC code for Greater Bombay Co-operative Bank, as well as any other required information.

Double-check the information you enter and read the terms and conditions before completing the transfer.

Immediate Payment Service (IMPS)

IMPS is a real-time or an instant electronic fund transfer system that runs 24 hours a day, throughout the year, and all days of the week, including holidays. Since the settlement is fast and the process is very straightforward, it is a popular choice for fund transfer activities.

Go to the Greater Bombay Co-operative Bank's online or mobile banking interface to use the IMPS service. You'll need the following items to execute an IMPS transaction successfully:

  • MMID or Mobile Money Identifier code 
  • MMID code of the beneficiary
  • Account number of the beneficiary
  • Your mobile number 
  • The AADHAR card number of the beneficiary
  • IFSC code of the beneficiary's branch
Timings Available all times
Settlement Instant
Charges
  • Rs 5 on transactions up to Rs 1 lakh
  • Rs 15 on transactions above Rs 1 lakh and up to Rs 2 lakh
Minimum Limit Rs. 10
Maximum Limit Rs. 2 Lakhs

GST applicable.

Log in to the Greater Bombay Co-operative Bank's mobile app using your credentials to access the IMPS service. Then, select IMPS among the several bank transfer methods available and provide the necessary data.

You will receive a passcode on your phone number during the transaction, which you must submit to make the transaction. 

You will receive a confirmation text message together with a transaction number on your applicable mobile phone number once you validate the payment using the password. This indicates that your transfer has been completed successfully.

You can track the progress of the payment using the transaction number you get. It will also be helpful for you in case of any complications. To receive money using one of these electronic transfer options, you must give the remitter the relevant banking information.

About The Greater Bombay Co-operative Bank Ltd

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The Greater Bombay Co-operative Bank Ltd, commonly called the Greater Bank, was established on the 10th of December 1952. It became a scheduled bank in 1996 and gained clients from the low, medium, and upper-income strata.

The bank has achieved notable success in the Co-operative Banking industry, particularly in the last few years, owing to its unique objectives, comprehensive plan of action, ongoing monitoring, and distribution of success with the involved staff. 

The Greater Bombay Co-operative Bank Ltd. is becoming a specialized player in the Co-operative Banking sector. They are doing it by maintaining high standards, professional integrity, and regulatory compliance via cutting-edge technology and service enhancements and continuous improvement.

Frequently Asked Questions

1) How Do I Check My Greater Bombay Co-operative Bank Account Balance?

You may use net banking or mobile banking to check the balance of your Greater Bombay Co-operative Bank account. You may update your passbook and get your balance by going to the bank.

Aside from that, you can acquire your bank account balance statement by using the ATM or calling customer support. You can also call the Greater Bombay Co-operative Bank's balance check hotline. Simply text 'BAL Account no>' to the number 9223179977.

2) Is Greater Bombay Co-operative Bank a Mutual Bank?

Yes, Greater Bombay Co-operative Bank is a mutual bank.

3) What is My Greater Bombay Co-operative Bank Username?

Your Greater Bank username is a credential that you need to access the mobile banking or net banking services of Greater Bombay Co-operative Bank. You will get the username once you register for the online banking services.

4) What is MMID?

Mobile Money Identifier Code is the abbreviation for Mobile Money Identifier Code. When people sign up for Mobile Banking at a bank branch, they get a seven-digit number. You'll need an MMID code to use the IMPS service for transactions.