IFSC Code of Apna Sahakari Bank Limited, Lower Parel Branch, Maharashtra

Below are the complete branch details for Apna Sahakari Bank Limited, LOWER PAREL branch, located in MUMBAI, MAHARASHTRA. The IFSC assigned by the Reserve Bank of India to this branch is ASBL0000004. Whether you want to transfer money, add a beneficiary, verify a cheque or simply confirm the branch address, you will find authentic, up-to-date information on this page that has been cross-checked against the bank's branch directory and the RBI's master list of participants in the National Electronic Funds Transfer system.

The IFSC code is one of the most frequently asked-for pieces of information when somebody wants to send you money or set up a recurring credit such as a salary, EMI auto-debit or supplier payment. Knowing exactly which IFSC belongs to your branch — in this case ASBL0000004 for Apna Sahakari Bank Limited – LOWER PAREL — saves you from rejected transfers, returned credits and the back-and-forth that follows them.

The Indian Financial System Code, popularly known as IFSC, is an 11-digit alphanumeric code that the RBI assigns to every bank branch participating in online interbank settlement. Without this code, an electronic transfer simply cannot reach its destination branch.

The IFSC for Apna Sahakari Bank Limited – LOWER PAREL is ASBL0000004. The first four letters ASBL are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 000004 map to this branch in MUMBAI, MAHARASHTRA.

Branch details at a glance

Bank profile

Apna Sahakari Bank Limited is among the recognised banks listed on the Reserve Bank of India's payments network. The Lower Parel branch — IFSC ASBL0000004 — extends the bank's services to customers in and around Mumbai, Maharashtra.

About the Lower Parel branch

The Lower Parel branch of Apna Sahakari Bank Limited is situated at MATULYA CENTRE, JN.OF G.K.MARG & J PHATANKAR MARG, MUMBAI 400013. Customers visiting this branch can complete cash deposits, withdrawals, demand draft requests, cheque clearing, passbook updates and KYC formalities. For online transactions to or from this branch, the IFSC code ASBL0000004 is used.

The role of IFSC in India's payments network

India's electronic payment infrastructure — NEFT, RTGS, IMPS, UPI and the National Automated Clearing House (NACH) — is built on a single principle: every participating bank branch must be uniquely identifiable by an alphanumeric code. The Reserve Bank of India introduced the IFSC system to fulfil this requirement, and that is how Apna Sahakari Bank Limited's LOWER PAREL branch came to be assigned the code ASBL0000004.

Whether you are receiving a salary on the first of the month, paying a vendor invoice, settling an EMI, or accepting a refund from an e-commerce platform, the IFSC is the silent piece of metadata that tells the network where your account lives. Without IFSC ASBL0000004, money simply cannot be routed to the LOWER PAREL branch electronically.

How to transfer money using IFSC ASBL0000004

Online transfers in India are powered by three major channels — NEFT, RTGS and IMPS — and each one requires a destination IFSC. Below is a quick guide for using IFSC ASBL0000004 across all three.

NEFT to Apna Sahakari Bank Limited, LOWER PAREL using IFSC ASBL0000004

National Electronic Funds Transfer is the simplest way to move money into an account at this branch. NEFT works around the clock, including Sundays and public holidays, and settles in half-hourly batches.

To send funds, add the recipient as a beneficiary in your bank's online portal, key in the account number, paste the IFSC ASBL0000004, and confirm that the system picks up Apna Sahakari Bank Limited – LOWER PAREL. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

Real-Time Gross Settlement to LOWER PAREL

If you need to transfer ₹2 lakh or more in one go to an account at Apna Sahakari Bank Limited's LOWER PAREL branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC ASBL0000004 while initiating the transfer and the credit will appear within minutes.

IMPS to Apna Sahakari Bank Limited LOWER PAREL (IFSC ASBL0000004)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC ASBL0000004 in your mobile or internet banking app, and the money is credited to the LOWER PAREL branch account within seconds.

NEFT vs RTGS vs IMPS — which one should you use?

All three modes accept the IFSC ASBL0000004 for Apna Sahakari Bank Limited – LOWER PAREL, but they differ in speed, minimum amount and use case. The table below summarises the differences so you can pick the right channel for the situation at hand.

For most retail customers crediting the Lower Parel branch, NEFT or IMPS will be the quickest and most economical option. RTGS comes in for one-off, high-value movements such as property purchases, vendor settlements or large gifts.

UPI payments and IFSC ASBL0000004

UPI (Unified Payments Interface) has become the default way for individuals to send money in India. While most UPI transactions are addressed using a Virtual Payment Address (VPA) like name@bank, the underlying account at Apna Sahakari Bank Limited – LOWER PAREL is still mapped to IFSC ASBL0000004. When a customer links a savings or current account to a UPI app for the first time, the app silently looks up this IFSC against the account number to verify the account exists. The VPA acts as a friendly alias on top of the same plumbing.

If a UPI transfer to or from this branch fails, the most common reasons are an inactive UPI handle, a daily limit breach or a temporary outage at one of the participating banks — not the IFSC. You can always fall back to NEFT or IMPS using the IFSC ASBL0000004 and the beneficiary's account number to complete the transfer.

Products and account variants supported

Every account opened at the Lower Parel branch is mapped to IFSC ASBL0000004 on the RBI payments network. The branch generally supports the full retail product catalogue of Apna Sahakari Bank Limited, including:

• Resident savings accounts and salary accounts
• Current accounts for businesses and professionals
• Fixed deposits, recurring deposits and tax-saver deposits
• Demand drafts, banker's cheques and pay orders
• Retail loans — personal, vehicle, education, gold and home
• Credit cards and overdraft facilities (subject to eligibility)
• Third-party investment products such as mutual funds and insurance (through tie-ups)

Whichever product you choose, the IFSC for incoming credits remains ASBL0000004.

Products and services

Customers walking into the Lower Parel branch can access most of Apna Sahakari Bank Limited's standard product suite, including:

• Account opening – savings, current, NRI, salary
• Term deposits and recurring deposits
• Retail and small-business loans
• Insurance and mutual-fund tie-ups
• Locker, safe deposit and ATM card services
• Online and mobile banking activation
• Electronic transfers via IFSC ASBL0000004

MICR & cheque-truncation details

Cheques drawn on the Lower Parel branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC ASBL0000004 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

Online banking and IFSC ASBL0000004

Apna Sahakari Bank Limited customers can register for net banking and the bank's official mobile app once their account at the LOWER PAREL branch is active. Net banking lets you view balances, download statements, open fixed deposits, request cheque books and initiate NEFT/RTGS/IMPS transfers — all without setting foot in the branch. The IFSC ASBL0000004 is pre-filled by the bank for transfers originating from your own account, and you only need to enter it manually when adding an external beneficiary or sharing your account details with a third party.

Things to verify before sending money

Banking errors are usually small typos that snowball into delayed credits and customer-care follow-ups. Use this short checklist before you confirm any transfer to Apna Sahakari Bank Limited – LOWER PAREL:

• The IFSC is exactly ASBL0000004 with no extra spaces.
• The beneficiary's account number matches what they shared, digit for digit.
• The portal auto-fills Apna Sahakari Bank Limited as the bank name and LOWER PAREL as the branch.
• The amount and the purpose of payment are correct.
• You have a valid OTP-verifying mobile number on hand.

A 30-second review here saves hours of reconciliation later.

How to reach the Lower Parel branch

The branch is located at MATULYA CENTRE, JN.OF G.K.MARG & J PHATANKAR MARG, MUMBAI 400013, which puts it inside Mumbai, the broader Greater Bombay district, and the state of Maharashtra. To plan your visit:

1. Open Google Maps on your phone and search for “Apna Sahakari Bank Limited Lower Parel branch” — the verified location pin for IFSC ASBL0000004 should appear at the top of the results.
2. Confirm the branch is open by calling 22-24947332 before stepping out, especially around public holidays.
3. Carry photo ID and any account-related documents you may need for the transaction you plan to do.

Most banking work — passbook updates, fund transfers, statement downloads — can also be completed online without visiting the branch in person, as long as you know the IFSC ASBL0000004 and your account number.

Verifying IFSC ASBL0000004 from official sources

The IFSC listed on this page is sourced from the RBI's master list and validated against the bank's branch directory. To double-check before transferring large sums, you can also confirm ASBL0000004 by:

• Looking at the cheque leaf – IFSC is printed near the MICR band.
• Opening the passbook's first page.
• Calling the branch directly on 22-24947332.
• Visiting the bank's official branch locator page.

Branch banking hours and holidays

Indian bank branches typically operate from 10:00 AM to 4:00 PM, Monday to Friday, and from 10:00 AM to 2:00 PM on working Saturdays (usually the 1st, 3rd and 5th Saturdays). The Lower Parel branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC ASBL0000004, however, work 24x7.

Branch address & contact

Frequently asked questions

Summary

The IFSC code ASBL0000004 belongs to Apna Sahakari Bank Limited's LOWER PAREL branch, located at MATULYA CENTRE, JN.OF G.K.MARG & J PHATANKAR MARG, MUMBAI 400013 in MUMBAI, MAHARASHTRA. Use this code along with the beneficiary's account number for any NEFT, RTGS or IMPS transfer to this branch. Bookmark this page for quick reference whenever you need the branch's banking details.