Saraswat Co-operative Bank — MARGAO

SOUTH GOA, GOA

IFSC Code

SRCB0000065

MICR Code

403088003

Branch

MARGAO

Bank

Saraswat Co-operative Bank

District

MARGAO

State

GOA

Contact

+918322732594

Address

HIRA NIKETAN, MENEZES ROAD, BEHIND MARGAO POLICE STATION, MARGAO, GOA - 403 601.

Get Directions to This Branch

Using IFSC SRCB0000065 for money transfers

NEFT transfers to MARGAO, one of Saraswat Co-operative Bank's branches in MARGAO, are batch-processed rather than instant. Most transfers clear within 30 minutes to a couple of hours during banking hours, and NEFT now runs 24x7 on all days including weekends.

RTGS (Real Time Gross Settlement) is built for high-value transfers — ₹2 lakh and above — and settles individually rather than in batches, so money reaches MARGAO almost immediately once processed, rather than waiting for the next settlement window.

IMPS is built for urgency: transfers to MARGAO clear in seconds rather than minutes or hours, and it works around the clock — useful outside NEFT/RTGS's usual processing windows.

NEFT & RTGS Timing — System Hours vs. Branch Hours

A distinction that matters if you're transferring to MARGAO: the RBI settlement system runs 24x7 for NEFT and RTGS, but that doesn't mean this specific branch is open around the clock. Online transfers process any time; in-person or cash-based requests still depend on the branch actually being open.

MethodSystem HoursIf Visiting MARGAO In Person
NEFT24x7x365, including weekends and holidays (RBI mandate since 16 Dec 2019)Online/net-banking NEFT processes any time. An in-branch, cash, or cheque-based NEFT request still depends on that branch's working hours.
RTGS24x7x365, including weekends and holidays (RBI mandate since 14 Dec 2020)Minimum transfer amount is ₹2 lakh. Same system-vs-branch-hours distinction as NEFT applies for in-person requests.
IMPS24x7x365 — always has been, no banking-hours restriction at the system level.Typically capped per transaction depending on your bank's own limits (often around ₹5 lakh).

Sending funds to this Saraswat Co-operative Bank branch takes just a few steps:

  1. Log in to your bank's net banking portal or mobile banking app.
  2. Add a new beneficiary/payee, entering the recipient's full name and account number.
  3. Enter the IFSC code SRCB0000065 when prompted — this routes the transfer to MARGAO specifically.
  4. Most banks require a short cooling-off period (often a few hours) after adding a new beneficiary before the first transfer.
  5. Once the beneficiary is active, choose NEFT, RTGS, or IMPS based on the amount and how quickly you need it to arrive.
  6. Enter the amount, review the details (name, account number, IFSC), and confirm with your OTP/PIN.

Frequently asked questions

What is the IFSC code of the Saraswat Co-operative Bank MARGAO branch?

The IFSC code for Saraswat Co-operative Bank's MARGAO branch in SOUTH GOA, MARGAO, GOA is SRCB0000065. This 11-character code is required for NEFT, RTGS, and IMPS transfers to any account held at this branch.

What is the MICR code of this branch?

The MICR code for this branch is 403088003. MICR codes are used for cheque clearing, while the IFSC code (SRCB0000065) is what's needed for electronic transfers like NEFT and RTGS.

Where is the MARGAO branch of Saraswat Co-operative Bank located?

This branch is located at: HIRA NIKETAN, MENEZES ROAD, BEHIND MARGAO POLICE STATION, MARGAO, GOA - 403 601.. It falls under MARGAO district, GOA.

Can I use this IFSC code for both NEFT and RTGS transfers?

Yes — the same IFSC code (SRCB0000065) is used for NEFT, RTGS, and IMPS transfers to this branch. Which one you should pick depends on the amount and urgency, not the code itself: RTGS for ₹2 lakh+ needing near-instant settlement, NEFT for regular batch-processed transfers, and IMPS for smaller amounts that need to land in seconds.

Is there a phone number for this branch?

Yes, this branch's listed contact number is +918322732594.

Saraswat Co-operative Bank in other districts of GOA

PANAJI (3)BICHOLIM (1)CURCHOREM-CACORA (1)MAPUSA (1)MORMUGAO (1)PONDA (1)PORVORIM (1)SANQUELIM (1)

IFSC and MICR code data sourced from bank-published branch records. While we take care to keep this current, always confirm the IFSC code with your bank before making a large transfer — see our disclaimer for details.