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 Mandai,Kolhapur branch in Kolhapur, 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 Kolhapur or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code SVSH0000013. 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, Mandai,Kolhapur, Kolhapur
Below in the table are the key details related to IFSC Code SVSH0000013 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 | SVSH0000013 |
| Branch | Mandai,Kolhapur |
| City | Kolhapur |
| District | Kolhapur |
| State | Maharashtra |
| Address | 1036,D Ward,Shaniwar Peth,1St Floor,Near Corporation,Kolhapur-416002 |
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 Kolhapur for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SVSH0000013 for the Mandai,Kolhapur 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 SVSH0000013 is given to every bank branch, including Shri Veershaiv Co Op Bank Ltd located in Mandai,Kolhapur, Kolhapur, 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 Kolhapur.
- 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 Kolhapur 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 Mandai,Kolhapur doesn't end up at another location.
Format of the IFSC Code SVSH0000013
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): These represent the bank code. In Shri Veershaiv Co Op Bank Ltd, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Mandai,Kolhapur in Kolhapur.
For example, the IFSC Code SVSH0000013 of Shri Veershaiv Co Op Bank Ltd for the Mandai,Kolhapur branch has these elements, identifying the bank and the branch location in Kolhapur and Maharashtra correctly.
How to Find IFSC Code for Shri Veershaiv Co Op Bank Ltd?
If you are trying to find the IFSC Code SVSH0000013 of Shri Veershaiv Co Op Bank Ltd for its Mandai,Kolhapur branch located in Kolhapur, the following methods can help:
Cheque Book
The cheque books that are issued by Shri Veershaiv Co Op Bank Ltd include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most 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
Visit the official website of Shri Veershaiv Co Op Bank Ltd and find the branch locator section. Search for Mandai,Kolhapur or Kolhapur to get the exact IFSC Code SVSH0000013.
Mobile Banking App
If you use Shri Veershaiv Co Op Bank Ltd's mobile app, you can easily check your account details to find your branch's IFSC code.
RBI Website
The Reserve Bank of India maintains an updated database of all IFSC codes to help you in searching for Shri Veershaiv Co Op Bank Ltd and Kolhapur that will provide accurate information.
How to Use IFSC Code SVSH0000013 for Online Transfers?
If you have the IFSC Code SVSH0000013 for the Mandai,Kolhapur branch of Shri Veershaiv Co Op Bank Ltd in Kolhapur, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SVSH0000013. 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 SVSH0000013.
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 Mandai,Kolhapur in Kolhapur, 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 Mandai,Kolhapur, 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 Kolhapur to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is SVSH0000013.
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 1036,D Ward,Shaniwar Peth,1St Floor,Near Corporation,Kolhapur-416002 located in Kolhapur, Kolhapur, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.