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Bassein Catholic Cooperative Bank Limited was established in 1918. Later, the bank was converted into Urban Co-operative bank. The company has tie ups with SIDBI and CRISIL and later it introduced Rupay debit card. The bank assured net banking facility in 2016.

Ever since the bank introduced net banking services, the bank uses IFSC codes for securing online banking transfers. Bassein Catholic Cooperative Bank Limited IFSC Code is an 11 alpha-numeric code that includes the name of the bank which is the first four characters. The fifth character of the Bassein Catholic Cooperative Bank Limited bank IFSC code is ‘’0’’, and the last six characters represent the name of the bank branch.

Initially the bank was established as Credit Co-operative Society and was later named Bassein Catholic Cooperative Bank Limited. The bank was established by reformer Rev. Msgr. P.J. Monisand under his leadership, the bank offers financial freedom to all its customers in Vasai. The bank has brought great changes peoples’ finances and lifestyle.