IFSC Code UTIB0SBMCB1:

Overview of UTIB0SBMCB1

The IFSC code UTIB0SBMCB1 is associated with the Mumbai Bombay Mercantile Co-operative Bank IMPS Branch of Bombay Mercantile Co-operative Bank. Located in the bustling city of Mumbai, MAHARASHTRA, this branch is one of the many Bombay Mercantile Co-operative Bank branches that cater to the banking needs of the local residents. The code "UTIB" in UTIB0SBMCB1 represents Bombay Mercantile Co-operative Bank Bank, while 0SBMCB1 signifies the unique branch code for Bombay Mercantile Co-operative Bank IMPS.

Significance of IFSC Code for Banking Transactions

The importance of the IFSC code, like UTIB0SBMCB1, for the Bombay Mercantile Co-operative Bank IMPS Branch, cannot be overstated. It acts as an address that identifies both the Bombay Mercantile Co-operative Bank and its specific branch in Mumbai. This ensures that when you're transferring money or setting up a beneficiary for future transactions, your funds are directed to the correct bank branch. Without the IFSC code, the chances of errors in electronic fund transfers would be significantly higher, leading to potential financial losses and administrative hassles.

Deep Dive into UTIB0SBMCB1

The IFSC code UTIB0SBMCB1 is not just a random combination of letters and numbers. It holds significance in the banking world, especially for those who bank with Bombay Mercantile Co-operative Bank in Mumbai. Let's break down the details:

• IFSC Code (UTIB0SBMCB1): This unique code is essential for electronic fund transfers. The first four characters "UTIB" represent the bank's name, Bombay Mercantile Co-operative Bank. The last six characters "0SBMCB1" are a unique identifier for the Bombay Mercantile Co-operative Bank IMPS branch.
• Bank Name (Bombay Mercantile Co-operative Bank): One of [country]'s leading banks, Bombay Mercantile Co-operative Bank offers a wide range of banking products and financial services to its vast customer base.
• Address (78 MOHAMED ALI ROAD MUMBAI 400003): This specific address pinpoints the exact location of the branch, ensuring that customers can easily find it for their banking needs.
• City & State (Mumbai, MAHARASHTRA): The branch is situated in the heart of Mumbai, the capital city of MAHARASHTRA. A city known for its [CITY_FEATURES].
• Branch (Bombay Mercantile Co-operative Bank IMPS): The [AREA_NAME] area in Mumbai is a hub of activity, and the Bombay Mercantile Co-operative Bank branch here caters to both individual and business banking needs.
• Phone Number (+912223414457): A direct line to the branch, this number ensures that customers can reach out for any queries, concerns, or banking assistance.