IFSC Code of Apna Sahakari Bank Limited, Malad ,W Branch, Maharashtra

Use this page as a one-stop reference for everything related to Apna Sahakari Bank Limited's MALAD ,W branch in MUMBAI, MAHARASHTRA. The branch's IFSC code ASBL0000008 is the key identifier you need whenever a remitter, employer or biller asks for a bank routing number to send funds to an account held at this branch. We have also included the branch's postal address, telephone number, banking hours, common services, and an extensive FAQ block that should answer almost every question that comes up when you are about to add this branch as a beneficiary in your net-banking app for the first time.

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 – MALAD ,W is ASBL0000008. The first four letters ASBL are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 000008 map to this branch in MUMBAI, MAHARASHTRA.

About Apna Sahakari Bank Limited

Apna Sahakari Bank Limited operates a wide network of branches across India, including the Malad ,W branch in Mumbai. Each branch is enabled for NEFT, RTGS, IMPS and core banking, allowing customers to send and receive money anywhere in the country using a unique IFSC – in this case, ASBL0000008.

About the Malad ,W branch

The Malad ,W branch of Apna Sahakari Bank Limited is situated at SHYAM SADAM, MITH CHOWKI, MARVE LINK ROAD, MALAD (W), MUMBAI 400064. 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 ASBL0000008 is used.

Branch details at a glance

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 MALAD ,W branch came to be assigned the code ASBL0000008.

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 ASBL0000008, money simply cannot be routed to the MALAD ,W branch electronically.

MICR & cheque-truncation details

Cheques drawn on the Malad ,W branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC ASBL0000008 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

How to transfer money using IFSC ASBL0000008

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 ASBL0000008 across all three.

How to use IFSC ASBL0000008 for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Apna Sahakari Bank Limited's MALAD ,W branch. NEFT now settles on a 24x7 basis in half-hourly batches and has no upper limit for retail customers (individual banks may impose their own caps).

1. Log in to your internet banking or mobile banking app.
2. Choose Add Beneficiary and select NEFT / Other Bank.
3. Enter the beneficiary name, account number and the IFSC ASBL0000008.
4. Confirm the bank name auto-populates as Apna Sahakari Bank Limited and the branch as MALAD ,W.
5. Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.

Real-Time Gross Settlement to MALAD ,W

If you need to transfer ₹2 lakh or more in one go to an account at Apna Sahakari Bank Limited's MALAD ,W branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC ASBL0000008 while initiating the transfer and the credit will appear within minutes.

Send money instantly through IMPS

For a real-time, anytime transfer to Apna Sahakari Bank Limited – MALAD ,W, use IMPS. With IFSC ASBL0000008 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.

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

All three modes accept the IFSC ASBL0000008 for Apna Sahakari Bank Limited – MALAD ,W, 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 Malad ,W 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 ASBL0000008

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 – MALAD ,W is still mapped to IFSC ASBL0000008. 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 ASBL0000008 and the beneficiary's account number to complete the transfer.

Account types you can open at the Malad ,W branch

Once you have an account at Apna Sahakari Bank Limited – MALAD ,W, the IFSC ASBL0000008 stays the same regardless of the type of account you hold. The branch typically supports the following options:

• Savings account — for individuals, with chequebook, ATM card and net-banking access.
• Current account — for sole proprietors, partnerships and companies that need higher transaction volumes.
• Salary account — opened in bulk for corporate employees, often with zero-balance benefits.
• NRE / NRO accounts — for non-resident Indians who want to repatriate or maintain rupee balances in India.
• Fixed deposit and recurring deposit — term-based investment accounts with quarterly or cumulative interest.
• Senior citizen accounts — concessional minimum balance and a small interest rate premium on FDs.
• Minor and student accounts — operated jointly with a guardian until the customer turns 18.

Eligibility, minimum balance and KYC requirements vary by product. Speak to a relationship officer at the branch for the latest schedule of charges and interest rates.

Products and services

Customers walking into the Malad ,W 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 ASBL0000008

Digital banking channels

Most day-to-day work that customers used to do at the Malad ,W branch counter can now be completed digitally — adding a beneficiary, transferring funds, applying for a fixed deposit, raising a service request or downloading account statements. The IFSC ASBL0000008 is the link between the digital channel and the branch ledger; once a transaction is confirmed, the credit or debit is reflected in the same core banking system that the branch officers see.

Reaching the branch

The Malad ,W branch sits at SHYAM SADAM, MITH CHOWKI, MARVE LINK ROAD, MALAD (W), MUMBAI 400064. If you are travelling from outside Mumbai, search for the branch on a maps application using the bank name and locality, or call 22-28820732 to ask for landmarks. Many customers find it easier to skip the trip altogether: net banking, mobile apps, NEFT, RTGS, IMPS and UPI all work using the IFSC ASBL0000008 and your account number.

Common mistakes to avoid when using IFSC ASBL0000008

An incorrect IFSC almost always results in a failed transfer or, worse, a credit to the wrong branch. Before you click Confirm on a transfer to Apna Sahakari Bank Limited – MALAD ,W, double-check for these issues:

• Confusing 0 with O. The fifth character of every IFSC is the digit 0, not the letter O. Read carefully.
• Spaces or hyphens. Do not put spaces in the IFSC. It is exactly 11 characters: ASBL0000008.
• Wrong branch. A bank can have dozens of branches in the same city. Make sure you are using the IFSC for the actual branch where the beneficiary holds the account, not just any nearby branch.
• Old IFSC after a merger. If two banks have merged, the IFSC may have been reissued. Always verify with a recent passbook or cheque leaf.
• Copy-paste from chat. Auto-correct on phones can silently change letters in IFSC codes. Type carefully or copy from a trusted source like the cheque book.

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 Malad ,W branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC ASBL0000008, however, work 24x7.

Other ways to verify the IFSC code

While this page already lists the verified IFSC ASBL0000008 for Apna Sahakari Bank Limited – MALAD ,W, you can cross-check the code from any of these sources before initiating a high-value transfer:

• The front of the cheque book issued by the branch – the IFSC is printed at the top of every leaf.
• The first page of your passbook.
• The bank's official website under the branch locator.
• The Reserve Bank of India's IFSC search portal.
• Net banking dashboards usually display the home-branch IFSC under account details.

Branch address & contact

Frequently asked questions

Final notes

To recap: ASBL0000008 is the IFSC code of Apna Sahakari Bank Limited, MALAD ,W branch, in MUMBAI, MAHARASHTRA. It is required for every electronic transfer to an account held at this branch. We keep this page updated with the latest address and contact details, so you can rely on the information here for your day-to-day banking needs.