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IFSC Code of Shri Veershaiv Co Op Bank Ltd, Kagal, Kolhapur, Maharashtra — SVSH0000014

The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Shri Veershaiv Co Op Bank Ltd for its Kagal branch in Kagal, Kolhapur, Maharashtra, this complete guide will provide you with detailed information.

The banking system in India has changed over the years, and today customers of Shri Veershaiv Co Op Bank Ltd located in Kagal or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SVSH0000014. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Shri Veershaiv Co Op Bank Ltd, Kagal, Kagal

Here are the main details that are associated with the IFSC Code SVSH0000014 of Shri Veershaiv Co Op Bank Ltd for its branch located in Kagal, within the district of Kolhapur in the state of Maharashtra.

Particulars Details
Bank Shri Veershaiv Co Op Bank Ltd
IFSC Code SVSH0000014
Branch Kagal
City Kagal
District Kolhapur
State Maharashtra
Address Viraj City Kagal,Near Bhuyekar Petrol Pump,Kagal-416216

These details are essential not only for online banking users but also for businesses and individuals who use Shri Veershaiv Co Op Bank Ltd in Kagal for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SVSH0000014 for the Kagal branch of Shri Veershaiv Co Op Bank Ltd plays an important role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with Shri Veershaiv Co Op Bank Ltd located in Kagal, Kagal, Maharashtra, are given a unique IFSC like SVSH0000014 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Kagal.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents any kind of confusion between different branches of the same bank in places like Kagal and Kolhapur.
  • It reduces errors in fund transfers and improves accuracy.
  • It helps the sender banks to validate and confirm branch details before processing payments.

It helps ensure that any money sent to Shri Veershaiv Co Op Bank Ltd in Kagal goes to the correct branch. This is important because Shri Veershaiv Co Op Bank Ltd has thousands of branches in Maharashtra and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code SVSH0000014

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 Kagal in Kagal.

For example, the IFSC Code SVSH0000014 of Shri Veershaiv Co Op Bank Ltd for the Kagal branch includes these elements, identifying the bank and the branch location in Kagal and Maharashtra accurately.

How to Find IFSC Code for Shri Veershaiv Co Op Bank Ltd?

If you are trying to find the IFSC Code SVSH0000014 of Shri Veershaiv Co Op Bank Ltd for its Kagal branch located in Kagal, 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 Kagal 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 Kagal or Kagal to get the exact IFSC Code SVSH0000014.

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 Kagal, you'll get the correct details.

How to Use IFSC Code SVSH0000014 for Online Transfers?

If you have the IFSC Code SVSH0000014 for the Kagal branch of Shri Veershaiv Co Op Bank Ltd in Kagal, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SVSH0000014. Transfers are processed in batches. 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. Asks for the recipient's account details and Shri Veershaiv Co Op Bank Ltd IFSC Code SVSH0000014.

Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Shri Veershaiv Co Op Bank Ltd Kagal in Kagal, it 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 Kagal, 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 Kagal to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Shri Veershaiv Co Op Bank Ltd in Kagal, Kagal?

The IFSC Code is SVSH0000014.

Is the IFSC Code SVSH0000014 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of Shri Veershaiv Co Op Bank Ltd Kagal?

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Kagal branch?

The address of the branch is Viraj City Kagal,Near Bhuyekar Petrol Pump,Kagal-416216 located in Kagal, Kolhapur, Maharashtra.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.

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