Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Shri Veershaiv Co Op Bank Ltd for its Gandhinagar,Kolhapur branch in Kolhapur, Kolhapur, Maharashtra, then this guide will give you detailed information.
The banking system has evolved significantly in India, and today the customers of Shri Veershaiv Co Op Bank Ltd located in Kolhapur or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SVSH0000019. You should definitely 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, Gandhinagar,Kolhapur, Kolhapur
Here are the key points that are associated with the IFSC Code SVSH0000019 of Shri Veershaiv Co Op Bank Ltd for its branch located in Kolhapur, within the district of Kolhapur in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Shri Veershaiv Co Op Bank Ltd |
| IFSC Code | SVSH0000019 |
| Branch | Gandhinagar,Kolhapur |
| City | Kolhapur |
| District | Kolhapur |
| State | Maharashtra |
| Address | Bazar Peth,Gandhinagar Tal-Karvir,Kolhapur-416116 |
These details helps users in online banking and for businesses and individuals who use Shri Veershaiv Co Op Bank Ltd in Kolhapur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SVSH0000019 for the Gandhinagar,Kolhapur branch of Shri Veershaiv Co Op Bank Ltd plays a vital 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 Gandhinagar,Kolhapur, Kolhapur, Maharashtra, are given a unique IFSC like SVSH0000019 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Kolhapur.
- 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 Kolhapur 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 Gandhinagar,Kolhapur 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 SVSH0000019
The format of the IFSC Code for banks, including Shri Veershaiv Co Op Bank Ltd, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For Shri Veershaiv Co Op Bank Ltd, these letters represent the bank's short name.
- 5th character: Is always zero and is kept for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Gandhinagar,Kolhapur in Kolhapur.
For example, the IFSC Code SVSH0000019 of Shri Veershaiv Co Op Bank Ltd for the Gandhinagar,Kolhapur branch includes these elements, identifying the bank and the branch location in Kolhapur and Maharashtra accurately.
How to Find IFSC Code for Shri Veershaiv Co Op Bank Ltd?
If you are looking for the IFSC Code SVSH0000019 of Shri Veershaiv Co Op Bank Ltd for its Gandhinagar,Kolhapur branch located in Kolhapur, the following methods can help:
Cheque Book
The cheque book that is issued by Shri Veershaiv Co Op Bank Ltd includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including Shri Veershaiv Co Op Bank Ltd branches in Kolhapur and Kolhapur, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of Shri Veershaiv Co Op Bank Ltd and look for the branch locator section, then search for Gandhinagar,Kolhapur or Kolhapur to get the exact IFSC Code SVSH0000019.
Mobile Banking App
If you use Shri Veershaiv Co Op Bank Ltd's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Shri Veershaiv Co Op Bank Ltd and Kolhapur, then it will provide you proper information.
How to Use IFSC Code SVSH0000019 for Online Transfers?
Once you have the IFSC Code SVSH0000019 for the Gandhinagar,Kolhapur branch of Shri Veershaiv Co Op Bank Ltd in Kolhapur, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SVSH0000019. 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 SVSH0000019.
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 Gandhinagar,Kolhapur in Kolhapur may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Shri Veershaiv Co Op Bank Ltd in Gandhinagar,Kolhapur, here are some of the ways you can get 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.
Knowing both IFSC and MICR code can help account holders in Kolhapur manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is SVSH0000019.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Bazar Peth,Gandhinagar Tal-Karvir,Kolhapur-416116 located in Kolhapur, Kolhapur, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.