Saraswat Co Operative Bank IFSC Code and MICR Code

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

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Saraswat Co Operative Bank IFSC Code, MICR Code and SWIFT Code

Saraswat Bank was established in 1918, and it's one of the major cooperative banks in India. It has been serving its customers with advanced digital banking services for almost 103 years, and the Saraswat Co-Operative Bank Ltd IFSC code has a crucial role in it. 

This urban cooperative bank has around 283 branches in six major states of India, with its headquarters in Mumbai. You can use services like personal banking, digital banking, business banking, NRI banking, and a lot more as a customer of Saraswat Bank.

To avail of all banking services, the IFSC, MICR, and the SWIFT code are mandatory; hence every bank customer must be aware of these. But what are these OFSC, MICR, and SWIFT codes? 

The IFSC code is for making digital transactions, MICR is for paper-based payments, and the SWIFT code is for international fund transfers. In this article, we'll talk in detail about the Saraswat Co-Operative Bank IFSC code and MICR code here, so continue reading to get full information. 

Saraswat Co-Operative Bank Ltd IFSC Code


Indian Financial System Code or the IFSC code is an eleven-character alphanumeric code introduced by the Reserve Bank of India. The main function of the IFSC code is the identification of bank branches, and it is different for all bank branches. 

We can divide the IFSC code into three parts, and all three of them have different functions. The first part has four characters that represent the bank's name. The central character is zero, which has been preserved for future usage. 

The last part has six characters that correspond to the branch's location or name. Here is an example of the Saraswat Co-Operative Bank Ltd IFSC Code. 

The Saraswat Co-Operative Bank Mumbai Central branch IFSC Code is SRCB0000419. Going by the standard pattern, the first four letters, SRCB, symbolize the bank name, the mid character is zero, and the final six characters, 000419, denote the Mumbai branch. 

The IFSC code helps in the smooth functioning of online fund transfers. The code instantly identifies bank branches and ensures your money is deposited into the correct account. 

To use NEFT, RTGS, or IMPS, you must have the IFSC code, without which you can't proceed with the payment. 

Saraswat Co-Operative Bank Ltd MICR Code

Magnetic Ink Character Recognition Code is a nine-digit code with numerics only. The MICR code has almost the same function as the IFSC code, which is the identification of bank branches. 

The main difference between an IFSC code and a MICR code is that IFSC is used for making online payments, and MICR is for cheque clearance. The MICR code too has three parts. 

The first part stands for the city name, the mid part for the bank's name, and the last part for the branch location. 400088133 is the MICR code of the Saraswat Co-Operative Bank Ltd Mumbai Central branch.  

As we said, we can separate the code into three parts. The first three digits- 400 correspond to the city Mumbai, the following three numbers- 088 for the bank name, and the final three numbers, 133 stand for the location. 

You will need the MICR code during cheque clearance as banks identify the authenticity to prevent any fraudulent transactions. If you're confused about where to find the IFSC and MICR code, don't worry. We have dedicated the following section for the same so continue reading. 

How to Find the IFSC And MICR Code of Saraswat Co-Operative Bank Ltd?


Apart from knowing the recipient's bank details, you must know the IFSC and MICR code for successful transactions. Especially without the IFSC code, sending money online is impossible because the online payment modes like NEFT, RTGS, and IMPS identify the receipt's branch location. 

Getting these codes is hassle-free. There are lots of means by which you can get your IFSC or MICR codes in seconds. The fastest and easiest means to access these codes is using the Find Your Bank site and mobile app. 

Check out these steps mentioned below to find the Saraswat Co-Operative Bank Ltd IFSC code and MICR code through Find Your Bank-

  • Go to the Find Your Bank website by entering this URL
  • You will see a form on the home page, and from the dropdown menu, you have to select tabs of 
  • Bank name
  • Branch name 
  • District
  • State name

Once you select all these, the IFSC and MICR code of the respective branch, along with the branch name and address, will appear on the screen.

As we mentioned earlier, Find Your Bank has its mobile app as well, so download it to get these codes even faster. Now let's check out the other means of getting these codes. 

Bank Passbook and Cheque Book

All bank customers receive a passbook and cheque book, which contain their branch's IFSC code and MICR code. So whenever you need them, just look for them in the passbook or cheque book leaves. 

Reserve Bank of India Website

The Reserve Bank of India keeps records of all banks' IFSC and MICR codes, making it an authoritative and reliable source. Hence, look for these codes on the mentioned website. 

Saraswat Co-Operative Bank Ltd Mobile Net Banking Sites

Saraswat Co-Operative Bank Ltd has its mobile banking app and website where you can look for the bank's IFSC and MICR codes. All you've to do is visit the bank's website or download their app to access them. 

Bank's Customer Care Service

If you could not find Saraswat Bank's IFSC code and MICR code using any of the above methods, your last resort is to contact the bank's customer care service. You can ask all your queries; the customer support team will definitely help you out. 

How to Transfer Money Through NEFT, RTGS, and IMPS?


Sending money using digital payment modes has become extremely easy. If you have the beneficiary details, a smartphone, and the IFSC code, you can transfer money within seconds. 

NEFT, RTGS, and IMPS are the three main popular methods of sending money. These all have different limitations, charges, and timings. Plus, the details required for each method are different too. Let's have a closer look at Saraswat Bank's NEFT, RTGS, and IMPS details. 


National Electronic Fund Transfer (NEFT) is one of the most widely used means of sending money digitally. It's a DNS-based system where money is sent in batches. There is no upper or lower limit in NEFT, making it a more convenient fund transfer method. 

The details you will need to use NEFT are- 

  • Receiver's name
  • Receiver's account number
  • IFSC code
  • Beneficiary bank name
  • Branch name 
  • The amount you are going to transfer

Saraswat Bank NEFT Charges

Amount Charges
Upto Rs. 10,000 Rs. 2.50 + Taxes
Rs. 10,001 to 1 lakh Rs. 5 + Taxes
Rs. 1 lakh to Rs. 2 lakhs Rs. 15 + Taxes
Above Rs.2 lakhs Rs. 25 + Taxes



Real-Time Gross Settlement is another fastest way to transfer money. The transactions take place in real-time, so there is no waiting period. You can use RTGS only for making high-end fund transfers, and it has a lower limit of Rs. 2 lakhs. To send money via RTGS, you will need- 

  • Receiver's name
  • Receiver's account number
  • IFSC code
  • Beneficiary bank name
  • Branch name
  • The amount you are going to transfer 

Saraswat Bank RTGS Charges- 

Amount Charges
Rs. 2 lakhs to Rs. 5 lakhs Rs. 25 + Taxes
Above Rs. 5 lakhs Rs. 50 + Taxes



IMPS or Immediate Payment Service is the fastest way of making a digital transaction. IMPS is available 24*7, and you will need these details to use the said method- 

  • Beneficiary's name 
  • Beneficiary's MMID code (for transfer from person to person)
  • The IFSC code of the receiver's branch (for transfer from a person to an account)
  • Beneficiary mobile number 
  • Beneficiary account number 

IMPS Charges

Amount Charges
Upto Rs. 1 lakh Rs. 5 + Taxes
Rs. 1 lakh to Rs.2 lakhs Rs. 15 + Taxes


About Saraswat Co-Operative Bank Ltd


Saraswat Co-Operative Bank is an urban cooperative bank that was established in 1918. Saraswat Co-Operative bank has its branches in six Indian states- Maharashtra, Goa, Delhi, Gujrat, Karnataka, and Madhya Pradesh. 

The bank has seen outstanding growth in the past 103 years of functioning, and currently, it runs 283 branches. Further, the bank has 311 plus ATMs and a business of more than 67,000 crores. 

Frequently Asked Questions

1) Is Saraswat a National Bank?

Saraswat Co-Operative Bank Ltd is an urban cooperative bank in India.

2) Is Saraswat Co-Operative Bank a Scheduled Bank?

Yes, it's a scheduled bank that was conferred with the scheduled status by the RBI in 1998.

3) Which Type of Bank is Saraswat Bank?

Saraswat Bank is an urban cooperative bank and is one of the largest cooperative banks in India.

4) What is the Minimum Balance in Saraswat Bank?

The minimum balance in Saraswat bank is Rs.5000.