Use this page as a one-stop reference for everything related to Saraswat Cooperative Bank Limited's BUDHWAR PETH, SOLAPUR branch in SOLAPUR, MAHARASHTRA. The branch's IFSC code SRCB0000387 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, SRCB0000387 is the IFSC of Saraswat Cooperative Bank Limited's BUDHWAR PETH, SOLAPUR branch. The format is fixed: SRCB = bank code, 0 = reserved, 000387 = 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 Budhwar Peth, Solapur branch in Solapur, Maharashtra is part of this network and uses the IFSC code SRCB0000387 for all electronic settlement.
Branch details at a glance
| Bank Name | Saraswat Cooperative Bank Limited |
|---|---|
| Branch | Budhwar Peth, Solapur |
| IFSC Code | SRCB0000387 |
| MICR Code | Refer to cheque leaf |
| Branch Address | RATHI TOWER, PLOT NO. I 23, BUDHWAR PETH, NEAR NILA NAGAR, SOLAPUR - 413002 |
| City | Solapur |
| District | Solapur |
| State | Maharashtra |
| STD Code | 217 |
| Phone | 2727225 |
About the Budhwar Peth, Solapur branch
The Budhwar Peth, Solapur branch of Saraswat Cooperative Bank Limited is situated at RATHI TOWER, PLOT NO. I 23, BUDHWAR PETH, NEAR NILA NAGAR, SOLAPUR - 413002. 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 SRCB0000387 is used.
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 BUDHWAR PETH, SOLAPUR branch came to be assigned the code SRCB0000387.
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 SRCB0000387, money simply cannot be routed to the BUDHWAR PETH, SOLAPUR branch electronically.
Products and account variants supported
Every account opened at the Budhwar Peth, Solapur branch is mapped to IFSC SRCB0000387 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 SRCB0000387.
Banking services available
The Budhwar Peth, Solapur branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 217-2727225.
- 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 SRCB0000387
How to transfer money using IFSC SRCB0000387
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 SRCB0000387 across all three.
NEFT to Saraswat Cooperative Bank Limited, BUDHWAR PETH, SOLAPUR using IFSC SRCB0000387
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 SRCB0000387, and confirm that the system picks up Saraswat Cooperative Bank Limited – BUDHWAR PETH, SOLAPUR. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC SRCB0000387
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 – BUDHWAR PETH, SOLAPUR, ensure your bank's portal accepts IFSC SRCB0000387 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Saraswat Cooperative Bank Limited BUDHWAR PETH, SOLAPUR (IFSC SRCB0000387)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC SRCB0000387 in your mobile or internet banking app, and the money is credited to the BUDHWAR PETH, SOLAPUR branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC SRCB0000387 for Saraswat Cooperative Bank Limited – BUDHWAR PETH, SOLAPUR, 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 – SRCB0000387 | Yes – SRCB0000387 | Yes – SRCB0000387 |
For most retail customers crediting the Budhwar Peth, Solapur 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 SRCB0000387
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 – BUDHWAR PETH, SOLAPUR is still mapped to IFSC SRCB0000387. 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 SRCB0000387 and the beneficiary's account number to complete the transfer.
Online banking and IFSC SRCB0000387
Saraswat Cooperative Bank Limited customers can register for net banking and the bank's official mobile app once their account at the BUDHWAR PETH, SOLAPUR branch is active. Net banking lets you view balances, download statements, open fixed deposits, request cheque books and initiate NEFT/RTGS/IMPS transfers — all without setting foot in the branch. The IFSC SRCB0000387 is pre-filled by the bank for transfers originating from your own account, and you only need to enter it manually when adding an external beneficiary or sharing your account details with a third party.
MICR & cheque-truncation details
Cheques drawn on the Budhwar Peth, Solapur branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC SRCB0000387 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Common mistakes to avoid when using IFSC SRCB0000387
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 – BUDHWAR PETH, SOLAPUR, 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:
SRCB0000387. - 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.
How to reach the Budhwar Peth, Solapur branch
The branch is located at RATHI TOWER, PLOT NO. I 23, BUDHWAR PETH, NEAR NILA NAGAR, SOLAPUR - 413002, which puts it inside Solapur, the broader Solapur district, and the state of Maharashtra. To plan your visit:
- Open Google Maps on your phone and search for “Saraswat Cooperative Bank Limited Budhwar Peth, Solapur branch” — the verified location pin for IFSC SRCB0000387 should appear at the top of the results.
- Confirm the branch is open by calling 217-2727225 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 SRCB0000387 and your account number.
Verifying IFSC SRCB0000387 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 SRCB0000387 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 217-2727225.
- 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 Budhwar Peth, Solapur branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC SRCB0000387, however, work 24x7.
Branch address & contact
Saraswat Cooperative Bank LimitedBudhwar Peth, Solapur Branch
RATHI TOWER, PLOT NO. I 23, BUDHWAR PETH, NEAR NILA NAGAR, SOLAPUR - 413002
Solapur, Maharashtra
Phone: 217-2727225
IFSC: SRCB0000387
Frequently asked questions
How quickly will an NEFT transfer using SRCB0000387 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Saraswat Cooperative Bank Limited – Budhwar Peth, Solapur reflect within 30 minutes.
What is the IFSC code of Saraswat Cooperative Bank Limited Budhwar Peth, Solapur branch?
The IFSC code of Saraswat Cooperative Bank Limited, Budhwar Peth, Solapur branch is SRCB0000387. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Can I use IFSC SRCB0000387 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC SRCB0000387 to send funds instantly.
How do I add Saraswat Cooperative Bank Limited Budhwar Peth, Solapur as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC SRCB0000387, and complete OTP verification. Once activated, you can transfer funds at any time.
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 Budhwar Peth, Solapur branch but serve different purposes.
What is the phone number of Saraswat Cooperative Bank Limited Budhwar Peth, Solapur branch?
You can reach the branch at 217-2727225 during regular banking hours.
Is IFSC SRCB0000387 valid for NEFT and RTGS?
Yes. IFSC SRCB0000387 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Summary
The IFSC code SRCB0000387 belongs to Saraswat Cooperative Bank Limited's BUDHWAR PETH, SOLAPUR branch, located at RATHI TOWER, PLOT NO. I 23, BUDHWAR PETH, NEAR NILA NAGAR, SOLAPUR - 413002 in SOLAPUR, 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.
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