For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Shri Veershaiv Co Op Bank Ltd for its R K Nagar ,Kolhapur branch in Kolhapur, Kolhapur, Maharashtra, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today 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 SVSH0000012. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Shri Veershaiv Co Op Bank Ltd, R K Nagar ,Kolhapur, Kolhapur
The table below shows the main details of the IFSC Code SVSH0000012 for the Shri Veershaiv Co Op Bank Ltd branch in Kolhapur, which falls under the Kolhapur district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Shri Veershaiv Co Op Bank Ltd |
| IFSC Code | SVSH0000012 |
| Branch | R K Nagar ,Kolhapur |
| City | Kolhapur |
| District | Kolhapur |
| State | Maharashtra |
| Address | 247/2,R K Nagar,Kolhapur-416007 |
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 Kolhapur for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SVSH0000012 for the R K Nagar ,Kolhapur 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Shri Veershaiv Co Op Bank Ltd located in R K Nagar ,Kolhapur, Kolhapur, Maharashtra, is provided a unique IFSC like SVSH0000012 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Shri Veershaiv Co Op Bank Ltd branch in Kolhapur.
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Kolhapur and Kolhapur.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Maharashtra and the rest of India, the IFSC Code ensures that transactions meant for Shri Veershaiv Co Op Bank Ltd in R K Nagar ,Kolhapur do not get misguided to another person.
Format of the IFSC Code SVSH0000012
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 R K Nagar ,Kolhapur in Kolhapur.
For example, the IFSC Code SVSH0000012 of Shri Veershaiv Co Op Bank Ltd for the R K Nagar ,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 looking for the IFSC Code SVSH0000012 of Shri Veershaiv Co Op Bank Ltd for its R K Nagar ,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 R K Nagar ,Kolhapur or Kolhapur to get the exact IFSC Code SVSH0000012.
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 SVSH0000012 for Online Transfers?
Once you have the IFSC Code SVSH0000012 for the R K Nagar ,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 SVSH0000012. 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 SVSH0000012.
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 R K Nagar ,Kolhapur in Kolhapur 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 R K Nagar ,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 SVSH0000012.
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 247/2,R K Nagar,Kolhapur-416007 located in Kolhapur, Kolhapur, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.