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 The Shamrao Vithal Cooperative Bank for its Ahmednagar Shahar Sah Bk- Rahuri branch in Ahmadnagar, Rahuri, 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 The Shamrao Vithal Cooperative Bank situated in Ahmadnagar or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code SVCB0008019. You should 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 Sah Bk- Rahuri, Ahmadnagar

The table below shows the main details of the IFSC Code SVCB0008019 for the The Shamrao Vithal Cooperative Bank branch in Ahmadnagar, which falls under the Rahuri district in Maharashtra.

Particulars Details
Bank The Shamrao Vithal Cooperative Bank
IFSC Code SVCB0008019
Branch Ahmednagar Shahar Sah Bk- Rahuri
City Ahmadnagar
District Rahuri
State Maharashtra
Address Ward No 30,House No 284/A, Shivaji Chowk, Taluka Rahuri, District Ahmednagar,Maharashtra, Pin 413705

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 SVCB0008019 for the Ahmednagar Shahar Sah Bk- Rahuri 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, including The Shamrao Vithal Cooperative Bank located in Ahmednagar Shahar Sah Bk- Rahuri, Ahmadnagar, Maharashtra, is provided with a unique IFSC like SVCB0008019 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It uniquely identifies the The Shamrao Vithal Cooperative Bank branch in Ahmadnagar.
  • 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 Ahmadnagar and Rahuri.
  • 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 The Shamrao Vithal Cooperative Bank in Ahmednagar Shahar Sah Bk- Rahuri do not get mixed with another location.

Format of the IFSC Code SVCB0008019

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 Sah Bk- Rahuri in Ahmadnagar.

For example, the IFSC Code SVCB0008019 of The Shamrao Vithal Cooperative Bank for the Ahmednagar Shahar Sah Bk- Rahuri 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?

To find the IFSC Code SVCB0008019 of The Shamrao Vithal Cooperative Bank for its Ahmednagar Shahar Sah Bk- Rahuri branch located in Ahmadnagar, the following methods can help you out:

Cheque Book

The cheque book issued by The Shamrao Vithal Cooperative Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.

Passbook

Most banks, including The Shamrao Vithal Cooperative Bank branches in Ahmadnagar and Rahuri, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

Visit the official website of The Shamrao Vithal Cooperative Bank and go to the branch locator section. Then search for Ahmednagar Shahar Sah Bk- Rahuri or Ahmadnagar to find the exact IFSC Code SVCB0008019.

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 maintains an updated database of all IFSC codes. Searching for The Shamrao Vithal Cooperative Bank and Ahmadnagar will provide accurate information.

How to Use IFSC Code SVCB0008019 for Online Transfers?

Once you have the IFSC Code SVCB0008019 for the Ahmednagar Shahar Sah Bk- Rahuri branch of The Shamrao Vithal Cooperative Bank in Ahmadnagar, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code SVCB0008019. The transfer is completed in batches. It is useful for both personal and business payments.

RTGS

Used for payments over ₹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 The Shamrao Vithal Cooperative Bank IFSC Code SVCB0008019.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the The Shamrao Vithal Cooperative Bank Ahmednagar Shahar Sah Bk- Rahuri in Ahmadnagar, your payment can get delayed or might not go through at all.

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 Sah Bk- Rahuri, 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)

What is the IFSC Code of The Shamrao Vithal Cooperative Bank in Ahmednagar Shahar Sah Bk- Rahuri, Ahmadnagar?

The IFSC Code is SVCB0008019.

Is the IFSC Code SVCB0008019 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of The Shamrao Vithal Cooperative Bank Ahmednagar Shahar Sah Bk- Rahuri?

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Ahmednagar Shahar Sah Bk- Rahuri branch?

The address of the branch is Ward No 30,House No 284/A, Shivaji Chowk, Taluka Rahuri, District Ahmednagar,Maharashtra, Pin 413705 located in Ahmadnagar, Rahuri, Maharashtra.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.