This page lists the IFSC code, branch address, contact number and fund-transfer information for Shikshak Sahakari Bank Limited, branch in . The 11-digit IFSC SKSB0000002 uniquely identifies this branch in the RBI's centralised payments network and is required for every NEFT, RTGS or IMPS transaction routed to this branch. If you are paying somebody who banks with Shikshak Sahakari Bank Limited at the location, this is the only IFSC you need.
We have organised this page into clearly labelled sections so you can jump straight to the part that interests you — the IFSC and MICR details, the full postal address, the contact phone number, a quick primer on NEFT, RTGS and IMPS, the typical product line-up at the branch, and a frequently asked questions section that addresses the queries people raise most often about this branch.
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 Shikshak Sahakari Bank Limited – is SKSB0000002. The first four letters SKSB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 000002 map to this branch in , MAHARASHTRA.
About the bank
Shikshak Sahakari Bank Limited serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its branch in , Maharashtra is part of this network and uses the IFSC code SKSB0000002 for all electronic settlement.
About this branch
The branch is located at NEAR GANDHISAGAR MAHAL, NAGPUR 440018. It serves the region and is connected to the bank's core banking platform, which means transactions initiated here are instantly visible across all other branches of Shikshak Sahakari Bank Limited. The IFSC SKSB0000002 is used to identify this branch on the RBI payments network.
Branch details at a glance
| Bank Name | Shikshak Sahakari Bank Limited |
|---|---|
| IFSC Code | SKSB0000002 |
| MICR Code | Refer to cheque leaf |
| Branch Address | NEAR GANDHISAGAR MAHAL, NAGPUR 440018 |
| State | Maharashtra |
| Phone | 2774866 |
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 Shikshak Sahakari Bank Limited's branch came to be assigned the code SKSB0000002.
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 SKSB0000002, money simply cannot be routed to the branch electronically.
MICR code & cheque clearing
Apart from IFSC, every cheque book issued by Shikshak Sahakari Bank Limited carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC SKSB0000002 and the account number together uniquely identify the branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
How to transfer money using IFSC SKSB0000002
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 SKSB0000002 across all three.
How to use IFSC SKSB0000002 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Shikshak Sahakari Bank Limited's 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 SKSB0000002.
- Confirm the bank name auto-populates as Shikshak Sahakari Bank Limited and the branch as .
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC SKSB0000002
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 Shikshak Sahakari Bank Limited – , ensure your bank's portal accepts IFSC SKSB0000002 while registering the beneficiary. RTGS is also available 24x7.
Send money instantly through IMPS
For a real-time, anytime transfer to Shikshak Sahakari Bank Limited – , use IMPS. With IFSC SKSB0000002 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.
Comparing NEFT, RTGS and IMPS for transfers to
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 SKSB0000002:
- 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 is still linked to IFSC SKSB0000002.
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 SKSB0000002
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 Shikshak Sahakari Bank Limited – is still mapped to IFSC SKSB0000002. 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 SKSB0000002 and the beneficiary's account number to complete the transfer.
Account types you can open at the branch
Once you have an account at Shikshak Sahakari Bank Limited – , the IFSC SKSB0000002 stays the same regardless of the type of account you hold. The branch typically supports the following options:
- Savings account — for individuals, with chequebook, ATM card and net-banking access.
- Current account — for sole proprietors, partnerships and companies that need higher transaction volumes.
- Salary account — opened in bulk for corporate employees, often with zero-balance benefits.
- NRE / NRO accounts — for non-resident Indians who want to repatriate or maintain rupee balances in India.
- Fixed deposit and recurring deposit — term-based investment accounts with quarterly or cumulative interest.
- Senior citizen accounts — concessional minimum balance and a small interest rate premium on FDs.
- Minor and student accounts — operated jointly with a guardian until the customer turns 18.
Eligibility, minimum balance and KYC requirements vary by product. Speak to a relationship officer at the branch for the latest schedule of charges and interest rates.
Products and services
Customers walking into the branch can access most of Shikshak Sahakari 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 SKSB0000002
Digital banking channels
Most day-to-day work that customers used to do at the 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 SKSB0000002 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 branch sits at NEAR GANDHISAGAR MAHAL, NAGPUR 440018. If you are travelling from outside , search for the branch on a maps application using the bank name and locality, or call 2774866 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 SKSB0000002 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 Shikshak Sahakari Bank Limited – :
- The IFSC is exactly SKSB0000002 with no extra spaces.
- The beneficiary's account number matches what they shared, digit for digit.
- The portal auto-fills Shikshak Sahakari Bank Limited as the bank name and 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.
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 branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC SKSB0000002, however, work 24x7.
Other ways to verify the IFSC code
While this page already lists the verified IFSC SKSB0000002 for Shikshak Sahakari Bank Limited – , you can cross-check the code from any of these sources before initiating a high-value transfer:
- The front of the cheque book issued by the branch – the IFSC is printed at the top of every leaf.
- The first page of your passbook.
- The bank's official website under the branch locator.
- The Reserve Bank of India's IFSC search portal.
- Net banking dashboards usually display the home-branch IFSC under account details.
Branch address & contact
Shikshak Sahakari Bank LimitedBranch
NEAR GANDHISAGAR MAHAL, NAGPUR 440018
, Maharashtra
Phone: 2774866
IFSC: SKSB0000002
Frequently asked questions
How quickly will an NEFT transfer using SKSB0000002 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Shikshak Sahakari Bank Limited – reflect within 30 minutes.
What is the phone number of Shikshak Sahakari Bank Limited branch?
You can reach the branch at 2774866 during regular banking hours.
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 branch but serve different purposes.
Where is Shikshak Sahakari Bank Limited branch located?
Shikshak Sahakari Bank Limited's branch is located at NEAR GANDHISAGAR MAHAL, NAGPUR 440018, , Maharashtra.
Is IFSC SKSB0000002 valid for NEFT and RTGS?
Yes. IFSC SKSB0000002 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Does Shikshak Sahakari Bank Limited branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 2774866 to confirm.
How do I add Shikshak Sahakari Bank Limited as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC SKSB0000002, and complete OTP verification. Once activated, you can transfer funds at any time.
Is IFSC SKSB0000002 the same for all accounts at branch?
Yes. The IFSC SKSB0000002 is shared by every account held at Shikshak Sahakari Bank Limited's branch. Only the account number changes from customer to customer.
Summary
The IFSC code SKSB0000002 belongs to Shikshak Sahakari Bank Limited's branch, located at NEAR GANDHISAGAR MAHAL, NAGPUR 440018 in , 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.
