Saraswat Co-operative Bank (Saraswat) IFSC Code — Complete Guide
Saraswat Co-operative Bank is India's largest urban co-operative bank by assets, founded in 1918 in Mumbai. With 300+ branches across Maharashtra, Goa, Karnataka, Delhi, and other states, Saraswat Bank serves retail, MSME, and corporate customers. Despite being a co-operative bank, it operates with full banking technology and offers the same services as scheduled commercial banks.
How to Find Saraswat IFSC Code
- Use the search tool above — select state, district and branch
- Check your Saraswat cheque book — IFSC printed at top of every leaf
- Open your Saraswat passbook — front page shows IFSC code
- Log in to Saraswat net banking → Account Details
Using Saraswat IFSC for Transfers
- NEFT: Enter IFSC when adding beneficiary. Settled in 30 minutes.
- RTGS: For transfers above ₹2 lakh. Settled in real time.
- IMPS: 24×7 instant transfers up to ₹5 lakh.
- International: Use SWIFT code SRCBINBB (not IFSC) for overseas transfers.
Are Co-operative Banks Safe for Deposits?
Scheduled Urban Co-operative Banks (UCBs) like Saraswat Bank and SVC Bank are regulated by both the Reserve Bank of India and state governments. Deposits up to ₹5 lakh are insured by DICGC. Large, well-capitalised co-operative banks have strong track records of financial stability and customer trust.
Co-operative Bank IFSC Codes for Transfers
Scheduled co-operative banks are assigned IFSC codes by RBI and are fully integrated into India's NEFT/RTGS/IMPS payment network. Transfers to and from co-operative bank accounts work exactly the same way as with any scheduled commercial bank.
NEFT and IMPS Availability
- NEFT: All scheduled UCBs are NEFT-enabled. Transfers settle in 30 minutes, 24×7.
- RTGS: For transfers above ₹2 lakh. Available 24×7.
- IMPS: Instant transfers 24×7. Up to ₹5 lakh per transaction.