Use this page as a one-stop reference for everything related to Saraswat Cooperative Bank Limited's SERVICES DEPT branch in MUMBAI, MAHARASHTRA. The branch's IFSC code SRCB0000001 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, SRCB0000001 is the IFSC of Saraswat Cooperative Bank Limited's SERVICES DEPT branch. The format is fixed: SRCB = bank code, 0 = reserved, 000001 = branch identifier.
About the bank
Saraswat Cooperative Bank Limited serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Services Dept branch in Mumbai, Maharashtra is part of this network and uses the IFSC code SRCB0000001 for all electronic settlement.
About the Services Dept branch
The Services Dept branch of Saraswat Cooperative Bank Limited is situated at SARASWAT BANK BHAWAN ,PLOT NO 953, APPASAHEB MARATHE MARG, PRABHADEVI,MUMBAI -400 025. 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 SRCB0000001 is used.
Branch details at a glance
| Bank Name | Saraswat Cooperative Bank Limited |
|---|---|
| Branch | Services Dept |
| IFSC Code | SRCB0000001 |
| MICR Code | Refer to cheque leaf |
| Branch Address | SARASWAT BANK BHAWAN ,PLOT NO 953, APPASAHEB MARATHE MARG, PRABHADEVI,MUMBAI -400 025 |
| City | Mumbai |
| District | Greater Bombay |
| State | Maharashtra |
| STD Code | 22 |
| Phone | 66005403 |
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 SERVICES DEPT branch came to be assigned the code SRCB0000001.
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 SRCB0000001, money simply cannot be routed to the SERVICES DEPT branch electronically.
MICR & cheque-truncation details
Cheques drawn on the Services Dept branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC SRCB0000001 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 SRCB0000001
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 SRCB0000001 across all three.
NEFT to Saraswat Cooperative Bank Limited, SERVICES DEPT using IFSC SRCB0000001
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 SRCB0000001, and confirm that the system picks up Saraswat Cooperative Bank Limited – SERVICES DEPT. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC SRCB0000001
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 – SERVICES DEPT, ensure your bank's portal accepts IFSC SRCB0000001 while registering the beneficiary. RTGS is also available 24x7.
Send money instantly through IMPS
For a real-time, anytime transfer to Saraswat Cooperative Bank Limited – SERVICES DEPT, use IMPS. With IFSC SRCB0000001 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 SRCB0000001 for Saraswat Cooperative Bank Limited – SERVICES DEPT, 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 – SRCB0000001 | Yes – SRCB0000001 | Yes – SRCB0000001 |
For most retail customers crediting the Services Dept 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 SRCB0000001
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 – SERVICES DEPT is still mapped to IFSC SRCB0000001. 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 SRCB0000001 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the Services Dept branch is mapped to IFSC SRCB0000001 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 SRCB0000001.
Products and services
Customers walking into the Services Dept branch can access most of Saraswat 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 SRCB0000001
Digital banking channels
Most day-to-day work that customers used to do at the Services Dept 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 SRCB0000001 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.
How to reach the Services Dept branch
The branch is located at SARASWAT BANK BHAWAN ,PLOT NO 953, APPASAHEB MARATHE MARG, PRABHADEVI,MUMBAI -400 025, which puts it inside Mumbai, the broader Greater Bombay district, and the state of Maharashtra. To plan your visit:
- Open Google Maps on your phone and search for “Saraswat Cooperative Bank Limited Services Dept branch” — the verified location pin for IFSC SRCB0000001 should appear at the top of the results.
- Confirm the branch is open by calling 22-66005403 before stepping out, especially around public holidays.
- Carry photo ID and any account-related documents you may need for the transaction you plan to do.
Most banking work — passbook updates, fund transfers, statement downloads — can also be completed online without visiting the branch in person, as long as you know the IFSC SRCB0000001 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 – SERVICES DEPT:
- The IFSC is exactly SRCB0000001 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 SERVICES DEPT 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.
Working hours
Branch counters at Services Dept are usually open from 10 AM to 4 PM on weekdays. Saturdays follow the RBI's alternate-Saturday rule. Even when the branch is closed, NEFT, RTGS, IMPS and UPI transfers addressed to SRCB0000001 continue to work without interruption.
Verifying IFSC SRCB0000001 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 SRCB0000001 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 22-66005403.
- Visiting the bank's official branch locator page.
Branch address & contact
Saraswat Cooperative Bank LimitedServices Dept Branch
SARASWAT BANK BHAWAN ,PLOT NO 953, APPASAHEB MARATHE MARG, PRABHADEVI,MUMBAI -400 025
Mumbai, Maharashtra
Phone: 22-66005403
IFSC: SRCB0000001
Frequently asked questions
Is IFSC SRCB0000001 valid for NEFT and RTGS?
Yes. IFSC SRCB0000001 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
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 Services Dept branch but serve different purposes.
Where is Saraswat Cooperative Bank Limited Services Dept branch located?
Saraswat Cooperative Bank Limited's Services Dept branch is located at SARASWAT BANK BHAWAN ,PLOT NO 953, APPASAHEB MARATHE MARG, PRABHADEVI,MUMBAI -400 025, Mumbai, Maharashtra.
What is the phone number of Saraswat Cooperative Bank Limited Services Dept branch?
You can reach the branch at 22-66005403 during regular banking hours.
What is the IFSC code of Saraswat Cooperative Bank Limited Services Dept branch?
The IFSC code of Saraswat Cooperative Bank Limited, Services Dept branch is SRCB0000001. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
How quickly will an NEFT transfer using SRCB0000001 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Saraswat Cooperative Bank Limited – Services Dept reflect within 30 minutes.
How do I add Saraswat Cooperative Bank Limited Services Dept as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC SRCB0000001, and complete OTP verification. Once activated, you can transfer funds at any time.
Summary
The IFSC code SRCB0000001 belongs to Saraswat Cooperative Bank Limited's SERVICES DEPT branch, located at SARASWAT BANK BHAWAN ,PLOT NO 953, APPASAHEB MARATHE MARG, PRABHADEVI,MUMBAI… in MUMBAI, 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.
