Use this page as a one-stop reference for everything related to Saraswat Cooperative Bank Limited's ZONE -- X , MATUNGA branch in MUMBAI, MAHARASHTRA. The branch's IFSC code SRCB0000261 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.
The Indian Financial System Code, popularly known as IFSC, is an 11-digit alphanumeric code that the RBI assigns to every bank branch participating in online interbank settlement. Without this code, an electronic transfer simply cannot reach its destination branch.
The IFSC for Saraswat Cooperative Bank Limited – ZONE -- X , MATUNGA is SRCB0000261. The first four letters SRCB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 000261 map to this branch in MUMBAI, MAHARASHTRA.
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 Zone -- X , Matunga branch in Mumbai, Maharashtra is part of this network and uses the IFSC code SRCB0000261 for all electronic settlement.
About the Zone -- X , Matunga branch
The Zone -- X , Matunga branch of Saraswat Cooperative Bank Limited is situated at PIONEER HIGH SCHOOL BLDG, TELANG ROAD, MATUNGA (E) (CR). MUMBAI - 400 019. 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 SRCB0000261 is used.
Branch details at a glance
| Bank Name | Saraswat Cooperative Bank Limited |
|---|---|
| Branch | Zone -- X , Matunga |
| IFSC Code | SRCB0000261 |
| MICR Code | Refer to cheque leaf |
| Branch Address | PIONEER HIGH SCHOOL BLDG, TELANG ROAD, MATUNGA (E) (CR). MUMBAI - 400 019 |
| City | Mumbai |
| District | Greater Bombay |
| State | Maharashtra |
| STD Code | 22 |
| Phone | 21636737 |
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 ZONE -- X , MATUNGA branch came to be assigned the code SRCB0000261.
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 SRCB0000261, money simply cannot be routed to the ZONE -- X , MATUNGA branch electronically.
MICR & cheque-truncation details
Cheques drawn on the Zone -- X , Matunga branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC SRCB0000261 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 SRCB0000261
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 SRCB0000261 across all three.
How to use IFSC SRCB0000261 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Saraswat Cooperative Bank Limited's ZONE -- X , MATUNGA 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 SRCB0000261.
- Confirm the bank name auto-populates as Saraswat Cooperative Bank Limited and the branch as ZONE -- X , MATUNGA.
- 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 ZONE -- X , MATUNGA
If you need to transfer ₹2 lakh or more in one go to an account at Saraswat Cooperative Bank Limited's ZONE -- X , MATUNGA branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC SRCB0000261 while initiating the transfer and the credit will appear within minutes.
IMPS to Saraswat Cooperative Bank Limited ZONE -- X , MATUNGA (IFSC SRCB0000261)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC SRCB0000261 in your mobile or internet banking app, and the money is credited to the ZONE -- X , MATUNGA branch account within seconds.
Comparing NEFT, RTGS and IMPS for transfers to Zone -- X , Matunga
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 SRCB0000261:
- 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 ZONE -- X , MATUNGA is still linked to IFSC SRCB0000261.
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.
UPI payments and IFSC SRCB0000261
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 – ZONE -- X , MATUNGA is still mapped to IFSC SRCB0000261. 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 SRCB0000261 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the Zone -- X , Matunga branch is mapped to IFSC SRCB0000261 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 SRCB0000261.
Products and services
Customers walking into the Zone -- X , Matunga 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 SRCB0000261
Digital banking channels
Most day-to-day work that customers used to do at the Zone -- X , Matunga 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 SRCB0000261 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 Zone -- X , Matunga branch sits at PIONEER HIGH SCHOOL BLDG, TELANG ROAD, MATUNGA (E) (CR). MUMBAI - 400 019. If you are travelling from outside Mumbai, search for the branch on a maps application using the bank name and locality, or call 22-21636737 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 SRCB0000261 and your account number.
Common mistakes to avoid when using IFSC SRCB0000261
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 – ZONE -- X , MATUNGA, 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:
SRCB0000261. - 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 Zone -- X , Matunga branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC SRCB0000261, however, work 24x7.
Verifying IFSC SRCB0000261 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 SRCB0000261 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 22-21636737.
- Visiting the bank's official branch locator page.
Branch address & contact
Saraswat Cooperative Bank LimitedZone -- X , Matunga Branch
PIONEER HIGH SCHOOL BLDG, TELANG ROAD, MATUNGA (E) (CR). MUMBAI - 400 019
Mumbai, Maharashtra
Phone: 22-21636737
IFSC: SRCB0000261
Frequently asked questions
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 Zone -- X , Matunga branch but serve different purposes.
Is IFSC SRCB0000261 the same for all accounts at Zone -- X , Matunga branch?
Yes. The IFSC SRCB0000261 is shared by every account held at Saraswat Cooperative Bank Limited's Zone -- X , Matunga branch. Only the account number changes from customer to customer.
What is the IFSC code of Saraswat Cooperative Bank Limited Zone -- X , Matunga branch?
The IFSC code of Saraswat Cooperative Bank Limited, Zone -- X , Matunga branch is SRCB0000261. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
What is the phone number of Saraswat Cooperative Bank Limited Zone -- X , Matunga branch?
You can reach the branch at 22-21636737 during regular banking hours.
Where is Saraswat Cooperative Bank Limited Zone -- X , Matunga branch located?
Saraswat Cooperative Bank Limited's Zone -- X , Matunga branch is located at PIONEER HIGH SCHOOL BLDG, TELANG ROAD, MATUNGA (E) (CR). MUMBAI - 400 019, Mumbai, Maharashtra.
Is IFSC SRCB0000261 valid for NEFT and RTGS?
Yes. IFSC SRCB0000261 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
How do I add Saraswat Cooperative Bank Limited Zone -- X , Matunga as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC SRCB0000261, and complete OTP verification. Once activated, you can transfer funds at any time.
How quickly will an NEFT transfer using SRCB0000261 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Saraswat Cooperative Bank Limited – Zone -- X , Matunga reflect within 30 minutes.
Summary
The IFSC code SRCB0000261 belongs to Saraswat Cooperative Bank Limited's ZONE -- X , MATUNGA branch, located at PIONEER HIGH SCHOOL BLDG, TELANG ROAD, MATUNGA (E) (CR). MUMBAI - 400 019 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.
