Use this page as a one-stop reference for everything related to Saraswat Cooperative Bank Limited's RASEC - DADAR branch in MUMBAI, MAHARASHTRA. The branch's IFSC code SRCB0000116 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.
IFSC stands for Indian Financial System Code. It is an 11-character code that pinpoints a particular bank branch on the RBI's real-time payment rails. Every NEFT, RTGS or IMPS instruction must carry the destination branch's IFSC for the credit to land in the correct account.
In our case, SRCB0000116 is the IFSC of Saraswat Cooperative Bank Limited's RASEC - DADAR branch. The format is fixed: SRCB = bank code, 0 = reserved, 000116 = branch identifier.
Branch details at a glance
| Bank Name | Saraswat Cooperative Bank Limited |
|---|---|
| Branch | Rasec - Dadar |
| IFSC Code | SRCB0000116 |
| MICR Code | Refer to cheque leaf |
| Branch Address | LAXMAN ZULLA, 1ST FLOOR,50, RANADE ROAD, DADAR, MUMBAI - 400 028. |
| City | Mumbai |
| District | Greater Bombay |
| State | Maharashtra |
| STD Code | 22 |
| Phone | 24671147 |
About Saraswat Cooperative Bank Limited
Saraswat Cooperative Bank Limited operates a wide network of branches across India, including the Rasec - Dadar 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, SRCB0000116.
About the Rasec - Dadar branch
The Rasec - Dadar branch of Saraswat Cooperative Bank Limited is situated at LAXMAN ZULLA, 1ST FLOOR,50, RANADE ROAD, DADAR, MUMBAI - 400 028.. 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 SRCB0000116 is used.
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 RASEC - DADAR of Saraswat Cooperative Bank Limited — its own 11-character IFSC. The code SRCB0000116 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 SRCB0000116 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 SRCB0000116
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 SRCB0000116 across all three.
NEFT to Saraswat Cooperative Bank Limited, RASEC - DADAR using IFSC SRCB0000116
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 SRCB0000116, and confirm that the system picks up Saraswat Cooperative Bank Limited – RASEC - DADAR. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC SRCB0000116
RTGS (Real-Time Gross Settlement) is the fastest high-value transfer mechanism in India. It is meant for transfers of ₹2 lakh and above and settles each transaction individually and instantly. To remit through RTGS to Saraswat Cooperative Bank Limited – RASEC - DADAR, ensure your bank's portal accepts IFSC SRCB0000116 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Saraswat Cooperative Bank Limited RASEC - DADAR (IFSC SRCB0000116)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC SRCB0000116 in your mobile or internet banking app, and the money is credited to the RASEC - DADAR branch account within seconds.
Comparing NEFT, RTGS and IMPS for transfers to Rasec - Dadar
The right transfer rail depends on how urgent the payment is, how large it is, and whether the receiving bank participates in the chosen scheme. Every option below works with the IFSC SRCB0000116:
- NEFT — best for everyday transfers of any amount; settles in half-hourly batches around the clock.
- RTGS — best for transfers of ₹2 lakh and above; settles each transaction individually in real time.
- IMPS — best when speed matters more than batch scheduling; instant credit up to ₹5 lakh.
- UPI — best for small peer-to-peer payments using a VPA; the underlying account at RASEC - DADAR is still linked to IFSC SRCB0000116.
For salary credits, vendor payouts and refunds, employers and merchants usually default to NEFT because of its zero per-transaction cost for retail customers and its 24x7 availability.
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 Saraswat Cooperative Bank Limited's RASEC - DADAR branch, the IFSC SRCB0000116 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 Rasec - Dadar branch is mapped to IFSC SRCB0000116 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 SRCB0000116.
Banking services available
The Rasec - Dadar branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 22-24671147.
- 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 SRCB0000116
MICR & cheque-truncation details
Cheques drawn on the Rasec - Dadar branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC SRCB0000116 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 Rasec - Dadar 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 SRCB0000116 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 SRCB0000116
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 – RASEC - DADAR, 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:
SRCB0000116. - 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 Rasec - Dadar branch sits at LAXMAN ZULLA, 1ST FLOOR,50, RANADE ROAD, DADAR, MUMBAI - 400 028.. If you are travelling from outside Mumbai, search for the branch on a maps application using the bank name and locality, or call 22-24671147 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 SRCB0000116 and your account number.
Verifying IFSC SRCB0000116 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 SRCB0000116 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 22-24671147.
- 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 Rasec - Dadar branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC SRCB0000116, however, work 24x7.
Branch address & contact
Saraswat Cooperative Bank LimitedRasec - Dadar Branch
LAXMAN ZULLA, 1ST FLOOR,50, RANADE ROAD, DADAR, MUMBAI - 400 028.
Mumbai, Maharashtra
Phone: 22-24671147
IFSC: SRCB0000116
Frequently asked questions
Where is Saraswat Cooperative Bank Limited Rasec - Dadar branch located?
Saraswat Cooperative Bank Limited's Rasec - Dadar branch is located at LAXMAN ZULLA, 1ST FLOOR,50, RANADE ROAD, DADAR, MUMBAI - 400 028., Mumbai, Maharashtra.
Does Saraswat Cooperative Bank Limited Rasec - Dadar branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 22-24671147 to confirm.
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 Rasec - Dadar branch but serve different purposes.
What is the IFSC code of Saraswat Cooperative Bank Limited Rasec - Dadar branch?
The IFSC code of Saraswat Cooperative Bank Limited, Rasec - Dadar branch is SRCB0000116. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Is IFSC SRCB0000116 the same for all accounts at Rasec - Dadar branch?
Yes. The IFSC SRCB0000116 is shared by every account held at Saraswat Cooperative Bank Limited's Rasec - Dadar branch. Only the account number changes from customer to customer.
Can I use IFSC SRCB0000116 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC SRCB0000116 to send funds instantly.
What is the phone number of Saraswat Cooperative Bank Limited Rasec - Dadar branch?
You can reach the branch at 22-24671147 during regular banking hours.
Final notes
To recap: SRCB0000116 is the IFSC code of Saraswat Cooperative Bank Limited, RASEC - DADAR 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.
