Use this page as a one-stop reference for everything related to The Satara District Central Cooperative Bank Ltd's MYKARAD branch in SATARA, MAHARASHTRA. The branch's IFSC code SDCE0001058 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 The Satara District Central Cooperative Bank Ltd – MYKARAD is SDCE0001058. The first four letters SDCE are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 001058 map to this branch in SATARA, MAHARASHTRA.
About the bank
The Satara District Central Cooperative Bank Ltd serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Mykarad branch in Satara, Maharashtra is part of this network and uses the IFSC code SDCE0001058 for all electronic settlement.
Branch details at a glance
| Bank Name | The Satara District Central Cooperative Bank Ltd |
|---|---|
| Branch | Mykarad |
| IFSC Code | SDCE0001058 |
| MICR Code | Refer to cheque leaf |
| Branch Address | TAL-KARAD,DIST-SATARA |
| City | Satara |
| District | Karad |
| State | Maharashtra |
| STD Code | 415110 |
| Phone | 2164222792 |
About this branch
The branch is located at TAL-KARAD,DIST-SATARA. It serves the Satara region and is connected to the bank's core banking platform, which means transactions initiated here are instantly visible across all other branches of The Satara District Central Cooperative Bank Ltd. The IFSC SDCE0001058 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 The Satara District Central Cooperative Bank Ltd's MYKARAD branch came to be assigned the code SDCE0001058.
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 SDCE0001058, money simply cannot be routed to the MYKARAD branch electronically.
Products and account variants supported
Every account opened at the Mykarad branch is mapped to IFSC SDCE0001058 on the RBI payments network. The branch generally supports the full retail product catalogue of The Satara District Central Cooperative Bank Ltd, 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 SDCE0001058.
Products and services
Customers walking into the Mykarad branch can access most of The Satara District Central Cooperative Bank Ltd'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 SDCE0001058
How to transfer money using IFSC SDCE0001058
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 SDCE0001058 across all three.
NEFT to The Satara District Central Cooperative Bank Ltd, MYKARAD using IFSC SDCE0001058
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 SDCE0001058, and confirm that the system picks up The Satara District Central Cooperative Bank Ltd – MYKARAD. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC SDCE0001058
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 The Satara District Central Cooperative Bank Ltd – MYKARAD, ensure your bank's portal accepts IFSC SDCE0001058 while registering the beneficiary. RTGS is also available 24x7.
IMPS to The Satara District Central Cooperative Bank Ltd MYKARAD (IFSC SDCE0001058)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC SDCE0001058 in your mobile or internet banking app, and the money is credited to the MYKARAD branch account within seconds.
Comparing NEFT, RTGS and IMPS for transfers to Mykarad
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 SDCE0001058:
- 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 MYKARAD is still linked to IFSC SDCE0001058.
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 SDCE0001058
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 The Satara District Central Cooperative Bank Ltd – MYKARAD is still mapped to IFSC SDCE0001058. 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 SDCE0001058 and the beneficiary's account number to complete the transfer.
Digital banking channels
Most day-to-day work that customers used to do at the Mykarad 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 SDCE0001058 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 Mykarad branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC SDCE0001058 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 SDCE0001058
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 The Satara District Central Cooperative Bank Ltd – MYKARAD, 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:
SDCE0001058. - 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.
Reaching the branch
The Mykarad branch sits at TAL-KARAD,DIST-SATARA. If you are travelling from outside Satara, search for the branch on a maps application using the bank name and locality, or call 415110-2164222792 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 SDCE0001058 and your account number.
Other ways to verify the IFSC code
While this page already lists the verified IFSC SDCE0001058 for The Satara District Central Cooperative Bank Ltd – MYKARAD, 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 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 Mykarad branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC SDCE0001058, however, work 24x7.
Branch address & contact
The Satara District Central Cooperative Bank LtdMykarad Branch
TAL-KARAD,DIST-SATARA
Satara, Maharashtra
Phone: 415110-2164222792
IFSC: SDCE0001058
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 Mykarad branch but serve different purposes.
How do I add The Satara District Central Cooperative Bank Ltd Mykarad as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC SDCE0001058, and complete OTP verification. Once activated, you can transfer funds at any time.
How quickly will an NEFT transfer using SDCE0001058 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to The Satara District Central Cooperative Bank Ltd – Mykarad reflect within 30 minutes.
What is the IFSC code of The Satara District Central Cooperative Bank Ltd Mykarad branch?
The IFSC code of The Satara District Central Cooperative Bank Ltd, Mykarad branch is SDCE0001058. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Can I use IFSC SDCE0001058 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC SDCE0001058 to send funds instantly.
What is the phone number of The Satara District Central Cooperative Bank Ltd Mykarad branch?
You can reach the branch at 415110-2164222792 during regular banking hours.
Is IFSC SDCE0001058 the same for all accounts at Mykarad branch?
Yes. The IFSC SDCE0001058 is shared by every account held at The Satara District Central Cooperative Bank Ltd's Mykarad branch. Only the account number changes from customer to customer.
Is IFSC SDCE0001058 valid for NEFT and RTGS?
Yes. IFSC SDCE0001058 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Summary
The IFSC code SDCE0001058 belongs to The Satara District Central Cooperative Bank Ltd's MYKARAD branch, located at TAL-KARAD,DIST-SATARA in SATARA, 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.
