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 Vashi,Navi Mumbai branch in Vashi,Navi Mumbai, Navi Mumbai, 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 Vashi,Navi Mumbai or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SVSH0000028. 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, Vashi,Navi Mumbai, Vashi,Navi Mumbai
The table below shows the main details of the IFSC Code SVSH0000028 for the Shri Veershaiv Co Op Bank Ltd branch in Vashi,Navi Mumbai, which falls under the Navi Mumbai district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Shri Veershaiv Co Op Bank Ltd |
| IFSC Code | SVSH0000028 |
| Branch | Vashi,Navi Mumbai |
| City | Vashi,Navi Mumbai |
| District | Navi Mumbai |
| State | Maharashtra |
| Address | F1,C1,C Wing Sector No.10,Sungrace Apartment Of Association,Main Road Vashi,Navi Mumbai-400703 |
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 Vashi,Navi Mumbai for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SVSH0000028 for the Vashi,Navi Mumbai 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, including Shri Veershaiv Co Op Bank Ltd located in Vashi,Navi Mumbai, Vashi,Navi Mumbai, Maharashtra, is provided with a unique IFSC like SVSH0000028 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 Vashi,Navi Mumbai.
- 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 Vashi,Navi Mumbai and Navi Mumbai.
- 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 Vashi,Navi Mumbai do not get mixed with another location.
Format of the IFSC Code SVSH0000028
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 Vashi,Navi Mumbai in Vashi,Navi Mumbai.
For example, the IFSC Code SVSH0000028 of Shri Veershaiv Co Op Bank Ltd for the Vashi,Navi Mumbai branch has these elements, identifying the bank and the branch location in Vashi,Navi Mumbai and Maharashtra correctly.
How to Find IFSC Code for Shri Veershaiv Co Op Bank Ltd?
If you are trying to find the IFSC Code SVSH0000028 of Shri Veershaiv Co Op Bank Ltd for its Vashi,Navi Mumbai branch located in Vashi,Navi Mumbai, 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 Vashi,Navi Mumbai and Navi Mumbai, 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 Vashi,Navi Mumbai or Vashi,Navi Mumbai to get the exact IFSC Code SVSH0000028.
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 Vashi,Navi Mumbai that will provide accurate information.
How to Use IFSC Code SVSH0000028 for Online Transfers?
If you have the IFSC Code SVSH0000028 for the Vashi,Navi Mumbai branch of Shri Veershaiv Co Op Bank Ltd in Vashi,Navi Mumbai, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SVSH0000028. 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 SVSH0000028.
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 Vashi,Navi Mumbai in Vashi,Navi Mumbai, it 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 Vashi,Navi Mumbai, 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 Vashi,Navi Mumbai manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is SVSH0000028.
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 F1,C1,C Wing Sector No.10,Sungrace Apartment Of Association,Main Road Vashi,Navi Mumbai-400703 located in Vashi,Navi Mumbai, Navi Mumbai, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.