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 Miraj branch in Miraj, Sangli, 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 Miraj or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SVSH0000026. 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, Miraj, Miraj
Here are some of the key details that come with the IFSC Code SVSH0000026 of Shri Veershaiv Co Op Bank Ltd for its branch located in Miraj, within the district of Sangli in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Shri Veershaiv Co Op Bank Ltd |
| IFSC Code | SVSH0000026 |
| Branch | Miraj |
| City | Miraj |
| District | Sangli |
| State | Maharashtra |
| Address | Sri,Balasaeb Jubili,Library,Laxmi Market,Kisan Chowk Miraj-416412 |
These details are important not only for users using online banking but also for businesses and individuals who use Shri Veershaiv Co Op Bank Ltd in Miraj for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SVSH0000026 for the Miraj branch of Shri Veershaiv Co Op Bank Ltd is vital.
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, including Shri Veershaiv Co Op Bank Ltd located in Miraj, Miraj, Maharashtra, is provided with a unique IFSC like SVSH0000026 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Shri Veershaiv Co Op Bank Ltd branch in Miraj.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Miraj and Sangli.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Maharashtra and the rest of India and the IFSC Code ensures that transactions meant for Shri Veershaiv Co Op Bank Ltd in Miraj do not get mixed with another location.
Format of the IFSC Code SVSH0000026
The format of the IFSC Code for banks, including Shri Veershaiv Co Op Bank Ltd, has 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 Miraj in Miraj.
For example, the IFSC Code SVSH0000026 of Shri Veershaiv Co Op Bank Ltd for the Miraj branch includes these elements, identifying the bank and the branch location in Miraj and Maharashtra correctly.
How to Find IFSC Code for Shri Veershaiv Co Op Bank Ltd?
If you are looking for the IFSC Code SVSH0000026 of Shri Veershaiv Co Op Bank Ltd for its Miraj branch located in Miraj, 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 Miraj and Sangli, 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 Miraj or Miraj to get the exact IFSC Code SVSH0000026.
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 Miraj, then it will provide you proper information.
How to Use IFSC Code SVSH0000026 for Online Transfers?
Once you have the IFSC Code SVSH0000026 for the Miraj branch of Shri Veershaiv Co Op Bank Ltd in Miraj, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SVSH0000026. 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 SVSH0000026.
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 Miraj in Miraj 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 Miraj, 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 Miraj to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is SVSH0000026.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Sri,Balasaeb Jubili,Library,Laxmi Market,Kisan Chowk Miraj-416412 located in Miraj, Sangli, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.