It is very important to find correct branch before initiating any bank process. Though all banks will have a mechnism to verify the Demat Dept Branch, Account Type, IFSC Code, MICR Code, and Account Name, etc. and any mismatch will result in failed transaction!
The best and simplest place to verify Demat Dept branch is the cheque book. All banks will print the Demat Dept on the cheque books. Also, your account pass book should have the Demat Dept branch printed.
The address of Demat Dept branch is Depository participant cell, madhushree, plot no 85, district business, centre,sector 17, vashi, navi mumbai - 400 703., which is located in Thane District of Maharashtra State. IFSC code used in online fund transfer and MICR code used in clearing of cheques for Saraswat Bank Demat Dept is also provided.
Demat Dept has number of branches spread across India. Branch banking has undergone significant changes in response to the competition in financial services market and the ever increasing consumer demands. This leads to a single consumer bearing more than one account in different banks and due to internet banking, as in case of Saraswat Bank Demat Dept branch, fund transfer between these banks is also possible.
*The Bank Branch information information presented above is for reference only. Please verify Bank Branch details before initiating any transfer or operation!