Use this page as a one-stop reference for everything related to Saraswat Cooperative Bank Limited's CENTRALIZED PAYMENT CELL branch in MUMBAI, MAHARASHTRA. The branch's IFSC code SRCB0000466 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 Saraswat Cooperative Bank Limited's CENTRALIZED PAYMENT CELL branch, the IFSC SRCB0000466 breaks down as follows: SRCB identifies the bank, 0 is the reserved character, and 000466 identifies this particular branch.
Branch details at a glance
| Bank Name | Saraswat Cooperative Bank Limited |
|---|---|
| Branch | Centralized Payment Cell |
| IFSC Code | SRCB0000466 |
| MICR Code | Refer to cheque leaf |
| Branch Address | SARASWAT CO-OPERATIVE BANK LIMITED, MADHUSHREE, PLOT NO. 85, DISTRICT BUSINESS CENTRE, SECTOR 17, VASHI, NAVI MUMBAI - 400703 |
| City | Mumbai |
| District | Navi Mumbai |
| State | Maharashtra |
| STD Code | 22 |
| Phone | 27773905 |
About Saraswat Cooperative Bank Limited
Saraswat Cooperative Bank Limited operates a wide network of branches across India, including the Centralized Payment Cell 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, SRCB0000466.
About this branch
The branch is located at SARASWAT CO-OPERATIVE BANK LIMITED, MADHUSHREE, PLOT NO. 85, DISTRICT BUSINESS CENTRE, SECTOR 17, VASHI, NAVI MUMBAI - 400703. It serves the Mumbai region and is connected to the bank's core banking platform, which means transactions initiated here are instantly visible across all other branches of Saraswat Cooperative Bank Limited. The IFSC SRCB0000466 is used to identify this branch on the RBI payments network.
Why every Saraswat 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 CENTRALIZED PAYMENT CELL of Saraswat Cooperative Bank Limited — its own 11-character IFSC. The code SRCB0000466 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 SRCB0000466 the same way you would treat your account number — verify it once and save it carefully for future use.
How to transfer money using IFSC SRCB0000466
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 SRCB0000466 across all three.
NEFT to Saraswat Cooperative Bank Limited, CENTRALIZED PAYMENT CELL using IFSC SRCB0000466
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 SRCB0000466, and confirm that the system picks up Saraswat Cooperative Bank Limited – CENTRALIZED PAYMENT CELL. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to CENTRALIZED PAYMENT CELL
If you need to transfer ₹2 lakh or more in one go to an account at Saraswat Cooperative Bank Limited's CENTRALIZED PAYMENT CELL branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC SRCB0000466 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 – CENTRALIZED PAYMENT CELL, use IMPS. With IFSC SRCB0000466 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 SRCB0000466 for Saraswat Cooperative Bank Limited – CENTRALIZED PAYMENT CELL, 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 – SRCB0000466 | Yes – SRCB0000466 | Yes – SRCB0000466 |
For most retail customers crediting the Centralized Payment Cell 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 SRCB0000466
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 – CENTRALIZED PAYMENT CELL is still mapped to IFSC SRCB0000466. 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 SRCB0000466 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the Centralized Payment Cell branch is mapped to IFSC SRCB0000466 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 SRCB0000466.
Banking services available
The Centralized Payment Cell branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 22-27773905.
- 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 SRCB0000466
MICR & cheque-truncation details
Cheques drawn on the Centralized Payment Cell branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC SRCB0000466 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Digital banking channels
Most day-to-day work that customers used to do at the Centralized Payment Cell 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 SRCB0000466 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.
Common mistakes to avoid when using IFSC SRCB0000466
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 Saraswat Cooperative Bank Limited – CENTRALIZED PAYMENT CELL, 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:
SRCB0000466. - 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.
Reaching the branch
The Centralized Payment Cell branch sits at SARASWAT CO-OPERATIVE BANK LIMITED, MADHUSHREE, PLOT NO. 85, DISTRICT BUSINESS CENTRE, SECTOR 17, VASHI, NAVI MUMBAI - 400703. If you are travelling from outside Mumbai, search for the branch on a maps application using the bank name and locality, or call 22-27773905 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 SRCB0000466 and your account number.
Verifying IFSC SRCB0000466 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 SRCB0000466 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 22-27773905.
- 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 Centralized Payment Cell branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC SRCB0000466, however, work 24x7.
Branch address & contact
Saraswat Cooperative Bank LimitedCentralized Payment Cell Branch
SARASWAT CO-OPERATIVE BANK LIMITED, MADHUSHREE, PLOT NO. 85, DISTRICT BUSINESS CENTRE, SECTOR 17, VASHI, NAVI MUMBAI - 400703
Mumbai, Maharashtra
Phone: 22-27773905
IFSC: SRCB0000466
Frequently asked questions
What is the IFSC code of Saraswat Cooperative Bank Limited Centralized Payment Cell branch?
The IFSC code of Saraswat Cooperative Bank Limited, Centralized Payment Cell branch is SRCB0000466. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Is IFSC SRCB0000466 the same for all accounts at Centralized Payment Cell branch?
Yes. The IFSC SRCB0000466 is shared by every account held at Saraswat Cooperative Bank Limited's Centralized Payment Cell branch. Only the account number changes from customer to customer.
What is the phone number of Saraswat Cooperative Bank Limited Centralized Payment Cell branch?
You can reach the branch at 22-27773905 during regular banking hours.
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 Centralized Payment Cell branch but serve different purposes.
How quickly will an NEFT transfer using SRCB0000466 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Saraswat Cooperative Bank Limited – Centralized Payment Cell reflect within 30 minutes.
Does Saraswat Cooperative Bank Limited Centralized Payment Cell branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 22-27773905 to confirm.
Final notes
To recap: SRCB0000466 is the IFSC code of Saraswat Cooperative Bank Limited, CENTRALIZED PAYMENT CELL 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.
