IFSC Code of The Sindhudurg District Central Coop Bank Limited, Malgaon Branch, Maharashtra

This page lists the IFSC code, branch address, contact number and fund-transfer information for The Sindhudurg District Central Coop Bank Limited, MALGAON branch in MALGAON. The 11-digit IFSC SIDC0001065 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 The Sindhudurg District Central Coop Bank Limited at the MALGAON 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.

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 The Sindhudurg District Central Coop Bank Limited's MALGAON branch, the IFSC SIDC0001065 breaks down as follows: SIDC identifies the bank, 0 is the reserved character, and 001065 identifies this particular branch.

About the bank

The Sindhudurg District Central Coop Bank Limited serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Malgaon branch in Malgaon, Maharashtra is part of this network and uses the IFSC code SIDC0001065 for all electronic settlement.

Branch details at a glance

Malgaon branch overview

Located at AT AND POST MALGAON TAL MALVAN, the Malgaon branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC SIDC0001065 is required for all interbank electronic transfers routed through this branch.

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 Sindhudurg District Central Coop Bank Limited's MALGAON branch came to be assigned the code SIDC0001065.

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 SIDC0001065, money simply cannot be routed to the MALGAON branch electronically.

Products and account variants supported

Every account opened at the Malgaon branch is mapped to IFSC SIDC0001065 on the RBI payments network. The branch generally supports the full retail product catalogue of The Sindhudurg District Central Coop 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 SIDC0001065.

Products and services

Customers walking into the Malgaon branch can access most of The Sindhudurg District Central Coop 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 SIDC0001065

How to transfer money using IFSC SIDC0001065

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 SIDC0001065 across all three.

NEFT to The Sindhudurg District Central Coop Bank Limited, MALGAON using IFSC SIDC0001065

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 SIDC0001065, and confirm that the system picks up The Sindhudurg District Central Coop Bank Limited – MALGAON. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

RTGS transfers via IFSC SIDC0001065

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 Sindhudurg District Central Coop Bank Limited – MALGAON, ensure your bank's portal accepts IFSC SIDC0001065 while registering the beneficiary. RTGS is also available 24x7.

IMPS to The Sindhudurg District Central Coop Bank Limited MALGAON (IFSC SIDC0001065)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC SIDC0001065 in your mobile or internet banking app, and the money is credited to the MALGAON branch account within seconds.

NEFT vs RTGS vs IMPS — which one should you use?

All three modes accept the IFSC SIDC0001065 for The Sindhudurg District Central Coop Bank Limited – MALGAON, 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.

For most retail customers crediting the Malgaon 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 SIDC0001065

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 Sindhudurg District Central Coop Bank Limited – MALGAON is still mapped to IFSC SIDC0001065. 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 SIDC0001065 and the beneficiary's account number to complete the transfer.

Online banking and IFSC SIDC0001065

The Sindhudurg District Central Coop Bank Limited customers can register for net banking and the bank's official mobile app once their account at the MALGAON 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 SIDC0001065 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 code & cheque clearing

Apart from IFSC, every cheque book issued by The Sindhudurg District Central Coop Bank Limited carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC SIDC0001065 and the account number together uniquely identify the Malgaon branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

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 The Sindhudurg District Central Coop Bank Limited – MALGAON:

• The IFSC is exactly SIDC0001065 with no extra spaces.
• The beneficiary's account number matches what they shared, digit for digit.
• The portal auto-fills The Sindhudurg District Central Coop Bank Limited as the bank name and MALGAON 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 Malgaon branch sits at AT AND POST MALGAON TAL MALVAN. If you are travelling from outside Malgaon, search for the branch on a maps application using the bank name and locality, or call 2365-227847 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 SIDC0001065 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC SIDC0001065 for The Sindhudurg District Central Coop Bank Limited – MALGAON, 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 Malgaon branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC SIDC0001065, however, work 24x7.

Branch address & contact

Frequently asked questions

Summary

The IFSC code SIDC0001065 belongs to The Sindhudurg District Central Coop Bank Limited's MALGAON branch, located at AT AND POST MALGAON TAL MALVAN in MALGAON, 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.