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

Use this page as a one-stop reference for everything related to The Sindhudurg District Central Coop Bank Limited's SHIRODA branch in SHIRODA, MAHARASHTRA. The branch's IFSC code SIDC0001020 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 The Sindhudurg District Central Coop Bank Limited's SHIRODA branch, the IFSC SIDC0001020 breaks down as follows: SIDC identifies the bank, 0 is the reserved character, and 001020 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 Shiroda branch in Shiroda, Maharashtra is part of this network and uses the IFSC code SIDC0001020 for all electronic settlement.

Shiroda branch overview

Located at AT AND POST SHIRODA TAL VENGURLA, the Shiroda branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC SIDC0001020 is required for all interbank electronic transfers routed through this branch.

Branch details at a glance

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 SHIRODA branch came to be assigned the code SIDC0001020.

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 SIDC0001020, money simply cannot be routed to the SHIRODA branch electronically.

MICR & cheque-truncation details

Cheques drawn on the Shiroda branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC SIDC0001020 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

How to transfer money using IFSC SIDC0001020

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 SIDC0001020 across all three.

How to use IFSC SIDC0001020 for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to The Sindhudurg District Central Coop Bank Limited's SHIRODA 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).

1. Log in to your internet banking or mobile banking app.
2. Choose Add Beneficiary and select NEFT / Other Bank.
3. Enter the beneficiary name, account number and the IFSC SIDC0001020.
4. Confirm the bank name auto-populates as The Sindhudurg District Central Coop Bank Limited and the branch as SHIRODA.
5. 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 SHIRODA

If you need to transfer ₹2 lakh or more in one go to an account at The Sindhudurg District Central Coop Bank Limited's SHIRODA branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC SIDC0001020 while initiating the transfer and the credit will appear within minutes.

Send money instantly through IMPS

For a real-time, anytime transfer to The Sindhudurg District Central Coop Bank Limited – SHIRODA, use IMPS. With IFSC SIDC0001020 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 Shiroda

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 SIDC0001020:

• 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 SHIRODA is still linked to IFSC SIDC0001020.

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 SIDC0001020

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 – SHIRODA is still mapped to IFSC SIDC0001020. 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 SIDC0001020 and the beneficiary's account number to complete the transfer.

Products and account variants supported

Every account opened at the Shiroda branch is mapped to IFSC SIDC0001020 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 SIDC0001020.

Banking services available

The Shiroda branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 2366-227253.

• 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 SIDC0001020

Digital banking channels

Most day-to-day work that customers used to do at the Shiroda 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 SIDC0001020 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 Shiroda branch sits at AT AND POST SHIRODA TAL VENGURLA. If you are travelling from outside Shiroda, search for the branch on a maps application using the bank name and locality, or call 2366-227253 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 SIDC0001020 and your account number.

Common mistakes to avoid when using IFSC SIDC0001020

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 Sindhudurg District Central Coop Bank Limited – SHIRODA, 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: SIDC0001020.
• 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.

Working hours

Branch counters at Shiroda are usually open from 10 AM to 4 PM on weekdays. Saturdays follow the RBI's alternate-Saturday rule. Even when the branch is closed, NEFT, RTGS, IMPS and UPI transfers addressed to SIDC0001020 continue to work without interruption.

Verifying IFSC SIDC0001020 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 SIDC0001020 by:

• Looking at the cheque leaf – IFSC is printed near the MICR band.
• Opening the passbook's first page.
• Calling the branch directly on 2366-227253.
• Visiting the bank's official branch locator page.

Branch address & contact

Frequently asked questions

Summary

The IFSC code SIDC0001020 belongs to The Sindhudurg District Central Coop Bank Limited's SHIRODA branch, located at AT AND POST SHIRODA TAL VENGURLA in SHIRODA, 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.