Bassein Catholic Co-op.Bank Ltd – Immediate Payments Service’s newest member

Bassein Catholic Cooperative Bank has gone live on IMPS using Account No and IFS Code                             

The Co-operative bank was set up in 1918 @ the Mumbai Suburb-Vasai. Vasai has a large Christian population, hence over the years, the bank has business of Rs3500 crs +.

 The Bank has 34 branches with 24 Onsite and 2 Off site ATMs and shortly opening another 5 branches.  All the branches operate on CBS.

                The Bank has recently joined the RuPay ATM network too, which combined with IMPS will help the Bank to shore up its CASA balances.

The Vasai Area over the years has an influence of local Marathi, English and Portuguese cultures.

The name "Bassein" is the English version of the Portuguese "Baçaim" (with the "ç" spoken as "s" and with the "m" silent), itself a version of an apparently native name that may have a connection to the Vasa Konkani tribals of the North Konkan region, extending from Mumbai into "South Gujarat." The Marathi name of the place is Vasai.

The complete form of the Portuguese name is "Fortaleza de São Sebastião de Baçaim" or the Fort of St. Sebastian of Vasai.

The fort and the village are accessible most easily through the Vasai Road Railway Station, which itself is in Manikpur-Navghar, a part of the newly raised City of Vasai-Virar