The Zoroastrian Cooperative Bank IFSC or Indian Financial System Code is an 11-digit alphanumeric code allotted by the Reserve Bank of India (RBI) enabling identification of a specific bank branch. The code uniquely identifies all the banks and their respective branches hence minimizing the chances of any discrepancy in the fund transfer process. The use of IFSC Code is mandatory in transferring funds online via NEFT, RTGS or IMPS.
Structure of The Zoroastrian Cooperative Bank IFSC Code
| The Zoroastrian Cooperative Bank Code | Zero | The Zoroastrian Cooperative Bank’s Branch Code | ||||||||
| Z | C | B | L | 0 | 0 | 0 | 0 | 1 | 0 | 4 |
The above mentioned 11-digit code ‘ZCBL0000104’ is an example of the IFSC Code. The Zoroastrian Cooperative Bank, Surat, Gujarat. Here, the first 4 characters ‘ZCBL’ represents the bank code, the 5th character is a ‘0’ and the remaining 6 characters ‘000104’ represent the branch code of Patel Park, Surat.
Where to find The Zoroastrian Cooperative Bank IFSC Code?
The users can find the IFSC as well as the MICR (Magnetic Ink Character Recognition) Code by opting for any of the below-listed ways:
- IFSC Code search tool by Paisabazaar: The users can go to the IFSC Code search tool page provided by Paisabazaar and enter the required specifications including the bank name, state, city and branch name. The IFSC and MICR Code along with all the other details will be displayed on the right-hand side of the page.
- Cheque Book / Passbook: The IFSC Code can be found printed on the top left corner of the cheque leaf while the MICR Code is printed at the bottom. Both the IFSC and MICR codes can also be found on the first page of the passbook provided by the respective bank branch.
- RBI: The users can also find Zoroastrian Cooperative Bank IFSC and MICR codes on the official website of the Reserve Bank of India.
- Internet / Mobile Banking: The IFSC Code can also be found on the bank’s official website or alternatively by logging into the net banking portal provided by the bank.
How to transfer funds using The Zoroastrian Cooperative Bank IFSC Code?
IFSC Code helps in processing the electronic or online funds transfer by routing messages to the specific bank branch. Also, for the successful transfer of funds online, it is mandatory to provide the IFSC Code along with the other required details.
Information required for fund transfer:
- Beneficiary Name
- Beneficiary’s Account Number
- Beneficiary’s Bank Name
- Beneficiary’s Bank Branch
- IFSC Code of Beneficiary’s Bank Branch
- Transaction Amount
The three main processes through which online funds transfer is initiated include NEFT, RTGS and IMPS. Following is a brief comparison of these 3 fund transfer modes -
| Payment Service | NEFT | RTGS | IMPS |
| Minimum Transfer Amount | Re. 1 | Rs. 2 lakh | Re. 1 |
| Maximum Transfer Amount | No limit | No limit | Rs. 2 lakh |
| Transaction Charges* | Maximum Rs. 15 + Service Tax | Maximum Rs. 25 + Service Tax | Decided by individual bank branch |
| Service Timings | Available 24x7, 365 days (including Sundays & bank holidays) | 7 am to 6 pm on working days (except 2nd & 4th Saturdays) | Available 24x7, 365 days (including Sundays & bank holidays) |
Transaction charges are as per the guidelines of The Zoroastrian Cooperative Bank.