There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Shri Veershaiv Co Op Bank Ltd for its Gadhinglaj branch in Gadhinglaj, Kolhapur, Maharashtra, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of Shri Veershaiv Co Op Bank Ltd situated in Gadhinglaj or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code SVSH0000003. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Shri Veershaiv Co Op Bank Ltd, Gadhinglaj, Gadhinglaj
Below in the table are the key details related to IFSC Code SVSH0000003 of Shri Veershaiv Co Op Bank Ltd for its branch located in Gadhinglaj, within the district of Kolhapur in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Shri Veershaiv Co Op Bank Ltd |
| IFSC Code | SVSH0000003 |
| Branch | Gadhinglaj |
| City | Gadhinglaj |
| District | Kolhapur |
| State | Maharashtra |
| Address | 601,Bajar Peth Gadhinglaj-416501 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Shri Veershaiv Co Op Bank Ltd in Gadhinglaj for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SVSH0000003 for the Gadhinglaj branch of Shri Veershaiv Co Op Bank Ltd has an important role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like SVSH0000003 is given to every bank branch, including Shri Veershaiv Co Op Bank Ltd located in Gadhinglaj, Gadhinglaj, Maharashtra, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Shri Veershaiv Co Op Bank Ltd branch in Gadhinglaj.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any kind of confusion between multiple branches of the same bank across different places like Gadhinglaj and Kolhapur.
- It removes errors in fund transfers and improves accuracy.
- It lets the sender banks validate and confirm branch details before they process the payments.
There are thousands of branches across Maharashtra and the rest of India, which is why the IFSC Code ensures that transactions meant for Shri Veershaiv Co Op Bank Ltd in Gadhinglaj doesn't end up at another location.
Format of the IFSC Code SVSH0000003
This is the format of the IFSC Code for banks, including Shri Veershaiv Co Op Bank Ltd, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For Shri Veershaiv Co Op Bank Ltd, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Gadhinglaj in Gadhinglaj.
For example, the IFSC Code SVSH0000003 of Shri Veershaiv Co Op Bank Ltd for the Gadhinglaj branch includes these elements, identifying the bank and the branch location in Gadhinglaj and Maharashtra accurately.
How to Find IFSC Code for Shri Veershaiv Co Op Bank Ltd?
If you are trying to find the IFSC Code SVSH0000003 of Shri Veershaiv Co Op Bank Ltd for its Gadhinglaj branch located in Gadhinglaj, the following methods can help:
Cheque Book
The cheque book issued by Shri Veershaiv Co Op Bank Ltd includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
You can easily find the IFSC and MICR codes because most banks, including Shri Veershaiv Co Op Bank Ltd branches in Gadhinglaj and Kolhapur, print them on the first page of your passbook.
Bank Website
Visit the official website of Shri Veershaiv Co Op Bank Ltd and navigate to the branch locator section. Search for Gadhinglaj or Gadhinglaj to get the exact IFSC Code SVSH0000003.
Mobile Banking App
If you use Shri Veershaiv Co Op Bank Ltd's mobile app, you can check your account details to find your branch's IFSC code.
RBI Website
The Reserve Bank of India keeps an updated list of all IFSC codes. If you search for Shri Veershaiv Co Op Bank Ltd and Gadhinglaj, you'll get the correct details.
How to Use IFSC Code SVSH0000003 for Online Transfers?
Once you have the IFSC Code SVSH0000003 for the Gadhinglaj branch of Shri Veershaiv Co Op Bank Ltd in Gadhinglaj, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SVSH0000003. Transfers are processed in batches. This is suitable for personal and business payments.
RTGS
Used for high-value payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. Requires the recipient's account details and Shri Veershaiv Co Op Bank Ltd IFSC Code SVSH0000003.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Shri Veershaiv Co Op Bank Ltd Gadhinglaj in Gadhinglaj may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of Shri Veershaiv Co Op Bank Ltd in Gadhinglaj, here are some ways to obtain it:
- Check the bottom of your cheque leaf.
- Refer to the first page of your passbook.
- Visit the official Shri Veershaiv Co Op Bank Ltd website.
- Search the RBI portal.
Having both the IFSC and MICR codes makes it easy for account holders in Gadhinglaj to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is SVSH0000003.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is 601,Bajar Peth Gadhinglaj-416501 located in Gadhinglaj, Kolhapur, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.