IFSC Code of Bassein Catholic Cooperative Bank Limited, Ghodbunder Branch Branch, Maharashtra

Use this page as a one-stop reference for everything related to Bassein Catholic Cooperative Bank Limited's GHODBUNDER BRANCH branch in THANE, MAHARASHTRA. The branch's IFSC code BACB0000047 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.

An IFSC (Indian Financial System Code) is an 11-character alphanumeric code issued by the Reserve Bank of India. It uniquely identifies every bank branch that participates in the RBI's electronic fund-transfer systems – NEFT, RTGS and IMPS. The first four characters represent the bank, the fifth is always a zero (reserved for future use), and the last six characters identify the specific branch.

For Bassein Catholic Cooperative Bank Limited's GHODBUNDER BRANCH branch, the IFSC BACB0000047 breaks down as follows: BACB identifies the bank, 0 is the reserved character, and 000047 identifies this particular branch.

About Bassein Catholic Cooperative Bank Limited

Bassein Catholic Cooperative Bank Limited operates a wide network of branches across India, including the Ghodbunder Branch branch in Thane. 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, BACB0000047.

About this branch

The branch is located at SHOP NO. 1, GROUND FLOOR, VIJAY GALAXY, KAVESAR ROAD, GHODBUNDER, WAGHBIL, VIJAY NAGAR, THANE 400 607. It serves the Thane region and is connected to the bank's core banking platform, which means transactions initiated here are instantly visible across all other branches of Bassein Catholic Cooperative Bank Limited. The IFSC BACB0000047 is used to identify this branch on the RBI payments network.

Branch details at a glance

Why every Bassein Catholic Cooperative Bank Limited branch has a unique IFSC

Before electronic settlement systems went live in India, money transfers between banks relied heavily on demand drafts, mail transfers and telegraphic transfers. These older instruments routinely took days to clear and were prone to misrouting because there was no single machine-readable identifier for a branch. The Reserve Bank of India solved this by issuing each participating branch — including GHODBUNDER BRANCH of Bassein Catholic Cooperative Bank Limited — its own 11-character IFSC. The code BACB0000047 is therefore not just an internal reference; it is the digital postcode that lets the RBI's NEFT, RTGS and IMPS rails route funds straight to the right branch ledger without any human intervention.

Today, almost every salary credit, vendor payment, refund and EMI deduction in the country flows through this network, which is exactly why a correct IFSC matters so much. A wrong character can either bounce the transfer or send it to the wrong branch, and reversing such a credit is a manual, time-consuming process. Treat IFSC BACB0000047 the same way you would treat your account number — verify it once and save it carefully for future use.

MICR code & cheque clearing

Apart from IFSC, every cheque book issued by Bassein Catholic Cooperative Bank Limited carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC BACB0000047 and the account number together uniquely identify the Ghodbunder Branch branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

How to transfer money using IFSC BACB0000047

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 BACB0000047 across all three.

NEFT to Bassein Catholic Cooperative Bank Limited, GHODBUNDER BRANCH using IFSC BACB0000047

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 BACB0000047, and confirm that the system picks up Bassein Catholic Cooperative Bank Limited – GHODBUNDER BRANCH. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

Real-Time Gross Settlement to GHODBUNDER BRANCH

If you need to transfer ₹2 lakh or more in one go to an account at Bassein Catholic Cooperative Bank Limited's GHODBUNDER BRANCH branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC BACB0000047 while initiating the transfer and the credit will appear within minutes.

Send money instantly through IMPS

For a real-time, anytime transfer to Bassein Catholic Cooperative Bank Limited – GHODBUNDER BRANCH, use IMPS. With IFSC BACB0000047 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 BACB0000047 for Bassein Catholic Cooperative Bank Limited – GHODBUNDER BRANCH, 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 Ghodbunder Branch 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.

How UPI relates to the IFSC code

UPI lets you pay using a short Virtual Payment Address instead of typing the IFSC every time, but behind the scenes every UPI mandate is mapped to an account number plus an IFSC. For accounts at Bassein Catholic Cooperative Bank Limited's GHODBUNDER BRANCH branch, the IFSC BACB0000047 is what the National Payments Corporation of India (NPCI) uses to route the credit when you tap Pay on a UPI app.

That is why, even in the UPI era, it is still worth knowing the IFSC of your home branch — for failed UPI mandates, e-mandate set-ups, third-party platform onboarding and salary or refund credits.

Products and account variants supported

Every account opened at the Ghodbunder Branch branch is mapped to IFSC BACB0000047 on the RBI payments network. The branch generally supports the full retail product catalogue of Bassein Catholic Cooperative 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 BACB0000047.

Products and services

Customers walking into the Ghodbunder Branch branch can access most of Bassein Catholic Cooperative 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 BACB0000047

Digital banking channels

Most day-to-day work that customers used to do at the Ghodbunder Branch 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 BACB0000047 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 Ghodbunder Branch branch sits at SHOP NO. 1, GROUND FLOOR, VIJAY GALAXY, KAVESAR ROAD, GHODBUNDER, WAGHBIL, VIJAY NAGAR, THANE 400 607. If you are travelling from outside Thane, search for the branch on a maps application using the bank name and locality, or call 7888029950 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 BACB0000047 and your account number.

Common mistakes to avoid when using IFSC BACB0000047

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 Bassein Catholic Cooperative Bank Limited – GHODBUNDER BRANCH, 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: BACB0000047.
• 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 Ghodbunder Branch branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC BACB0000047, however, work 24x7.

Verifying IFSC BACB0000047 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 BACB0000047 by:

• Looking at the cheque leaf – IFSC is printed near the MICR band.
• Opening the passbook's first page.
• Calling the branch directly on 7888029950.
• Visiting the bank's official branch locator page.

Branch address & contact

Frequently asked questions

Summary

The IFSC code BACB0000047 belongs to Bassein Catholic Cooperative Bank Limited's GHODBUNDER BRANCH branch, located at SHOP NO. 1, GROUND FLOOR, VIJAY GALAXY, KAVESAR ROAD, GHODBUNDER, WAGHBIL,… in THANE, 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.