Use this page as a one-stop reference for everything related to Saraswat Cooperative Bank Limited's PEN branch in PEN, MAHARASHTRA. The branch's IFSC code SRCB0000229 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 PEN branch, the IFSC SRCB0000229 breaks down as follows: SRCB identifies the bank, 0 is the reserved character, and 000229 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 Pen branch — IFSC SRCB0000229 — extends the bank's services to customers in and around Pen, Maharashtra.
Branch details at a glance
| Bank Name | Saraswat Cooperative Bank Limited |
|---|---|
| Branch | Pen |
| IFSC Code | SRCB0000229 |
| MICR Code | Refer to cheque leaf |
| Branch Address | CENTRE POINT, PEN MUNICIPAL CORPORATION BUILDING, CHINCHPADA, NEAR S. T. BUS STAND, DIST. RAIGAD - 402107 |
| City | Pen |
| District | Raigad |
| State | Maharashtra |
| STD Code | 2143 |
| Phone | 255584 |
About this branch
The branch is located at CENTRE POINT, PEN MUNICIPAL CORPORATION BUILDING, CHINCHPADA, NEAR S. T. BUS STAND, DIST. RAIGAD - 402107. It serves the Pen 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 SRCB0000229 is used to identify this branch on the RBI payments network.
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 PEN branch came to be assigned the code SRCB0000229.
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 SRCB0000229, money simply cannot be routed to the PEN branch electronically.
Products and account variants supported
Every account opened at the Pen branch is mapped to IFSC SRCB0000229 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 SRCB0000229.
Banking services available
The Pen branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 2143-255584.
- 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 SRCB0000229
How to transfer money using IFSC SRCB0000229
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 SRCB0000229 across all three.
How to use IFSC SRCB0000229 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Saraswat Cooperative Bank Limited's PEN 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 SRCB0000229.
- Confirm the bank name auto-populates as Saraswat Cooperative Bank Limited and the branch as PEN.
- 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 PEN
If you need to transfer ₹2 lakh or more in one go to an account at Saraswat Cooperative Bank Limited's PEN branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC SRCB0000229 while initiating the transfer and the credit will appear within minutes.
IMPS to Saraswat Cooperative Bank Limited PEN (IFSC SRCB0000229)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC SRCB0000229 in your mobile or internet banking app, and the money is credited to the PEN branch account within seconds.
Comparing NEFT, RTGS and IMPS for transfers to Pen
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 SRCB0000229:
- 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 PEN is still linked to IFSC SRCB0000229.
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 PEN branch, the IFSC SRCB0000229 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.
Digital banking channels
Most day-to-day work that customers used to do at the Pen 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 SRCB0000229 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.
MICR & cheque-truncation details
Cheques drawn on the Pen branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC SRCB0000229 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
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 – PEN:
- The IFSC is exactly SRCB0000229 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 PEN 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.
Reaching the branch
The Pen branch sits at CENTRE POINT, PEN MUNICIPAL CORPORATION BUILDING, CHINCHPADA, NEAR S. T. BUS STAND, DIST. RAIGAD - 402107. If you are travelling from outside Pen, search for the branch on a maps application using the bank name and locality, or call 2143-255584 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 SRCB0000229 and your account number.
Verifying IFSC SRCB0000229 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 SRCB0000229 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 2143-255584.
- 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 Pen branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC SRCB0000229, however, work 24x7.
Branch address & contact
Saraswat Cooperative Bank LimitedPen Branch
CENTRE POINT, PEN MUNICIPAL CORPORATION BUILDING, CHINCHPADA, NEAR S. T. BUS STAND, DIST. RAIGAD - 402107
Pen, Maharashtra
Phone: 2143-255584
IFSC: SRCB0000229
Frequently asked questions
Is IFSC SRCB0000229 valid for NEFT and RTGS?
Yes. IFSC SRCB0000229 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
What is the IFSC code of Saraswat Cooperative Bank Limited Pen branch?
The IFSC code of Saraswat Cooperative Bank Limited, Pen branch is SRCB0000229. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Does Saraswat Cooperative Bank Limited Pen branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 2143-255584 to confirm.
Where is Saraswat Cooperative Bank Limited Pen branch located?
Saraswat Cooperative Bank Limited's Pen branch is located at CENTRE POINT, PEN MUNICIPAL CORPORATION BUILDING, CHINCHPADA, NEAR S. T. BUS STAND, DIST. RAIGAD - 402107, Pen, Maharashtra.
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 Pen branch but serve different purposes.
What is the phone number of Saraswat Cooperative Bank Limited Pen branch?
You can reach the branch at 2143-255584 during regular banking hours.
Final notes
To recap: SRCB0000229 is the IFSC code of Saraswat Cooperative Bank Limited, PEN branch, in PEN, 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.
