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 The Shamrao Vithal Cooperative Bank for its Ahmednagar Shahar S Bk-Gulmohar Rd branch in Ahmadnagar, Ahmadnagar, Maharashtra, then this guide will give you detailed information.
The banking system has evolved significantly in India, and today the customers of The Shamrao Vithal Cooperative Bank located in Ahmadnagar or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SVCB0008006. 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 The Shamrao Vithal Cooperative Bank, Ahmednagar Shahar S Bk-Gulmohar Rd, Ahmadnagar
Here are the key points that are associated with the IFSC Code SVCB0008006 of The Shamrao Vithal Cooperative Bank for its branch located in Ahmadnagar, within the district of Ahmadnagar in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | The Shamrao Vithal Cooperative Bank |
| IFSC Code | SVCB0008006 |
| Branch | Ahmednagar Shahar S Bk-Gulmohar Rd |
| City | Ahmadnagar |
| District | Ahmadnagar |
| State | Maharashtra |
| Address | Gulmohar Road, Parijat Corner, Ahmednagar- 414003. |
These details are crucial, not just for online banking users but also for businesses and individuals who use The Shamrao Vithal Cooperative Bank in Ahmadnagar for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SVCB0008006 for the Ahmednagar Shahar S Bk-Gulmohar Rd branch of The Shamrao Vithal Cooperative Bank 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 provided by the Reserve Bank of India. Every bank branch, along with The Shamrao Vithal Cooperative Bank located in Ahmednagar Shahar S Bk-Gulmohar Rd, Ahmadnagar, Maharashtra, are given a unique IFSC like SVCB0008006 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Ahmadnagar.
- 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 Ahmadnagar and Ahmadnagar.
- 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 The Shamrao Vithal Cooperative Bank in Ahmednagar Shahar S Bk-Gulmohar Rd goes to the correct branch. This is important because The Shamrao Vithal Cooperative Bank 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 SVCB0008006
The format of the IFSC Code for banks, including The Shamrao Vithal Cooperative Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For The Shamrao Vithal Cooperative Bank, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Ahmednagar Shahar S Bk-Gulmohar Rd in Ahmadnagar.
For example, the IFSC Code SVCB0008006 of The Shamrao Vithal Cooperative Bank for the Ahmednagar Shahar S Bk-Gulmohar Rd branch includes these elements, identifying the bank and the branch location in Ahmadnagar and Maharashtra accurately.
How to Find IFSC Code for The Shamrao Vithal Cooperative Bank?
If you are trying to find the IFSC Code SVCB0008006 of The Shamrao Vithal Cooperative Bank for its Ahmednagar Shahar S Bk-Gulmohar Rd branch located in Ahmadnagar, the following methods can help:
Cheque Book
The cheque book issued by The Shamrao Vithal Cooperative Bank includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
Most banks, including The Shamrao Vithal Cooperative Bank branches in Ahmadnagar and Ahmadnagar, print the IFSC and MICR codes on the first page of your passbook.
Bank Website
Visit the official website of The Shamrao Vithal Cooperative Bank and navigate to the branch locator section. Search for Ahmednagar Shahar S Bk-Gulmohar Rd or Ahmadnagar to get the exact IFSC Code SVCB0008006.
Mobile Banking App
If you use The Shamrao Vithal Cooperative Bank's mobile app, you can check your account details to find your branch's IFSC code.
RBI Website
The Reserve Bank of India keeps an updated list of all IFSC codes. If you search for The Shamrao Vithal Cooperative Bank and Ahmadnagar, you'll get the correct details.
How to Use IFSC Code SVCB0008006 for Online Transfers?
If you have the IFSC Code SVCB0008006 for the Ahmednagar Shahar S Bk-Gulmohar Rd branch of The Shamrao Vithal Cooperative Bank in Ahmadnagar, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SVCB0008006. 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 The Shamrao Vithal Cooperative Bank IFSC Code SVCB0008006.
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 The Shamrao Vithal Cooperative Bank Ahmednagar Shahar S Bk-Gulmohar Rd in Ahmadnagar, 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 The Shamrao Vithal Cooperative Bank in Ahmednagar Shahar S Bk-Gulmohar Rd, 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 The Shamrao Vithal Cooperative Bank website.
- Search the RBI portal.
Having both the IFSC and MICR codes makes it easy for account holders in Ahmadnagar to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is SVCB0008006.
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 Gulmohar Road, Parijat Corner, Ahmednagar- 414003. located in Ahmadnagar, Ahmadnagar, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.