Below are the complete branch details for Saraswat Cooperative Bank Limited, MANNAGUDDA branch, located in MANGALORE, KARNATAKA. The IFSC assigned by the Reserve Bank of India to this branch is SRCB0000242. 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 SRCB0000242 for Saraswat Cooperative Bank Limited – MANNAGUDDA — saves you from rejected transfers, returned credits and the back-and-forth that follows them.
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 Saraswat Cooperative Bank Limited's MANNAGUDDA branch, the IFSC SRCB0000242 breaks down as follows: SRCB identifies the bank, 0 is the reserved character, and 000242 identifies this particular branch.
Bank profile
Saraswat Cooperative Bank Limited is among the recognised banks listed on the Reserve Bank of India's payments network. The Mannagudda branch — IFSC SRCB0000242 — extends the bank's services to customers in and around Mangalore, Karnataka.
Mannagudda branch overview
Located at DURGA APARTMENTS, GROUND FLOOR, MANNAGUDDA, MANGALORE-575003, the Mannagudda branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC SRCB0000242 is required for all interbank electronic transfers routed through this branch.
Branch details at a glance
| Bank Name | Saraswat Cooperative Bank Limited |
|---|---|
| Branch | Mannagudda |
| IFSC Code | SRCB0000242 |
| MICR Code | Refer to cheque leaf |
| Branch Address | DURGA APARTMENTS, GROUND FLOOR, MANNAGUDDA, MANGALORE-575003 |
| City | Mangalore |
| District | Dakshin Kannad |
| State | Karnataka |
| STD Code | 824 |
| Phone | 2452160 |
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 Saraswat Cooperative Bank Limited's MANNAGUDDA branch came to be assigned the code SRCB0000242.
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 SRCB0000242, money simply cannot be routed to the MANNAGUDDA branch electronically.
MICR code & cheque clearing
Apart from IFSC, every cheque book issued by Saraswat 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 SRCB0000242 and the account number together uniquely identify the Mannagudda branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
How to transfer money using IFSC SRCB0000242
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 SRCB0000242 across all three.
How to use IFSC SRCB0000242 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Saraswat Cooperative Bank Limited's MANNAGUDDA 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).
- Log in to your internet banking or mobile banking app.
- Choose Add Beneficiary and select NEFT / Other Bank.
- Enter the beneficiary name, account number and the IFSC SRCB0000242.
- Confirm the bank name auto-populates as Saraswat Cooperative Bank Limited and the branch as MANNAGUDDA.
- 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 MANNAGUDDA
If you need to transfer ₹2 lakh or more in one go to an account at Saraswat Cooperative Bank Limited's MANNAGUDDA branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC SRCB0000242 while initiating the transfer and the credit will appear within minutes.
Send money instantly through IMPS
For a real-time, anytime transfer to Saraswat Cooperative Bank Limited – MANNAGUDDA, use IMPS. With IFSC SRCB0000242 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 SRCB0000242 for Saraswat Cooperative Bank Limited – MANNAGUDDA, 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.
| Parameter | NEFT | RTGS | IMPS |
|---|---|---|---|
| Minimum amount | ₹1 | ₹2,00,000 | ₹1 |
| Maximum amount | No RBI cap | No RBI cap | ₹5,00,000 |
| Settlement | Half-hourly batches | Real-time | Real-time |
| Availability | 24x7 | 24x7 | 24x7 |
| Best for | Routine transfers | High-value transfers | Urgent small / mid transfers |
| IFSC required | Yes – SRCB0000242 | Yes – SRCB0000242 | Yes – SRCB0000242 |
For most retail customers crediting the Mannagudda 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 SRCB0000242
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 Saraswat Cooperative Bank Limited – MANNAGUDDA is still mapped to IFSC SRCB0000242. 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 SRCB0000242 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the Mannagudda branch is mapped to IFSC SRCB0000242 on the RBI payments network. The branch generally supports the full retail product catalogue of Saraswat 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 SRCB0000242.
Banking services available
The Mannagudda branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 824-2452160.
- Savings, current and salary accounts
- Fixed deposits and recurring deposits
- Personal, vehicle and home loans
- Demat and investment products (where supported)
- Internet banking and mobile banking enrolment
- Debit and credit card issuance
- Locker facilities (subject to availability)
- Foreign exchange services (at authorised branches)
- Bill payments, demand drafts and pay orders
- NEFT / RTGS / IMPS / UPI fund transfers using IFSC SRCB0000242
Online banking and IFSC SRCB0000242
Saraswat Cooperative Bank Limited customers can register for net banking and the bank's official mobile app once their account at the MANNAGUDDA 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 SRCB0000242 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.
Reaching the branch
The Mannagudda branch sits at DURGA APARTMENTS, GROUND FLOOR, MANNAGUDDA, MANGALORE-575003. If you are travelling from outside Mangalore, search for the branch on a maps application using the bank name and locality, or call 824-2452160 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 SRCB0000242 and your account number.
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 Saraswat Cooperative Bank Limited – MANNAGUDDA:
- The IFSC is exactly SRCB0000242 with no extra spaces.
- The beneficiary's account number matches what they shared, digit for digit.
- The portal auto-fills Saraswat Cooperative Bank Limited as the bank name and MANNAGUDDA 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.
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 Mannagudda branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC SRCB0000242, however, work 24x7.
Verifying IFSC SRCB0000242 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 SRCB0000242 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 824-2452160.
- Visiting the bank's official branch locator page.
Branch address & contact
Saraswat Cooperative Bank LimitedMannagudda Branch
DURGA APARTMENTS, GROUND FLOOR, MANNAGUDDA, MANGALORE-575003
Mangalore, Karnataka
Phone: 824-2452160
IFSC: SRCB0000242
Frequently asked questions
How quickly will an NEFT transfer using SRCB0000242 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Saraswat Cooperative Bank Limited – Mannagudda reflect within 30 minutes.
Is IFSC SRCB0000242 valid for NEFT and RTGS?
Yes. IFSC SRCB0000242 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Is IFSC SRCB0000242 the same for all accounts at Mannagudda branch?
Yes. The IFSC SRCB0000242 is shared by every account held at Saraswat Cooperative Bank Limited's Mannagudda branch. Only the account number changes from customer to customer.
What is the difference between IFSC and MICR code?
IFSC is an 11-character alphanumeric code used for online transfers, while MICR is a 9-digit numeric code printed on cheques and used by cheque-clearing machines. Both identify the Mannagudda branch but serve different purposes.
How do I add Saraswat Cooperative Bank Limited Mannagudda as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC SRCB0000242, and complete OTP verification. Once activated, you can transfer funds at any time.
Does Saraswat Cooperative Bank Limited Mannagudda branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 824-2452160 to confirm.
Can I use IFSC SRCB0000242 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC SRCB0000242 to send funds instantly.
Final notes
To recap: SRCB0000242 is the IFSC code of Saraswat Cooperative Bank Limited, MANNAGUDDA branch, in MANGALORE, KARNATAKA. 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.
