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 Bhingar Urban Coop Bank Ltd- Pipeline branch in Ahmadnagar, Ahmadnagar, 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 SVCB0057002. 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, Bhingar Urban Coop Bank Ltd- Pipeline, Ahmadnagar
Here are the main details that are associated with the IFSC Code SVCB0057002 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 | SVCB0057002 |
| Branch | Bhingar Urban Coop Bank Ltd- Pipeline |
| City | Ahmadnagar |
| District | Ahmadnagar |
| State | Maharashtra |
| Address | Pipeline Road, Near Ekvira Chowk, Ahmednagar- 414003 |
These details help users in online banking and for businesses and individuals who use The Shamrao Vithal Cooperative Bank in Ahmadnagar for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SVCB0057002 for the Bhingar Urban Coop Bank Ltd- Pipeline branch of The Shamrao Vithal Cooperative Bank has a very important role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like SVCB0057002 is given to every bank branch, including The Shamrao Vithal Cooperative Bank located in Bhingar Urban Coop Bank Ltd- Pipeline, Ahmadnagar, Maharashtra, to make sure that online payments reach the right place.
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 kind of confusion between multiple branches of the same bank across different places like Ahmadnagar and Ahmadnagar.
- It removes errors in fund transfers and improves accuracy.
- It lets the sender banks validate and confirm branch details before they process the payments.
There are thousands of branches across Maharashtra and the rest of India, which is why the IFSC Code ensures that transactions meant for The Shamrao Vithal Cooperative Bank in Bhingar Urban Coop Bank Ltd- Pipeline doesn't end up at another location.
Format of the IFSC Code SVCB0057002
The format of the IFSC Code for banks, including The Shamrao Vithal Cooperative Bank, has an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For The Shamrao Vithal Cooperative Bank, 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 Bhingar Urban Coop Bank Ltd- Pipeline in Ahmadnagar.
For example, the IFSC Code SVCB0057002 of The Shamrao Vithal Cooperative Bank for the Bhingar Urban Coop Bank Ltd- Pipeline branch includes these elements, identifying the bank and the branch location in Ahmadnagar and Maharashtra correctly.
How to Find IFSC Code for The Shamrao Vithal Cooperative Bank?
If you are trying to find the IFSC Code SVCB0057002 of The Shamrao Vithal Cooperative Bank for its Bhingar Urban Coop Bank Ltd- Pipeline 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 Bhingar Urban Coop Bank Ltd- Pipeline or Ahmadnagar to get the exact IFSC Code SVCB0057002.
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 SVCB0057002 for Online Transfers?
If you have the IFSC Code SVCB0057002 for the Bhingar Urban Coop Bank Ltd- Pipeline 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 SVCB0057002. 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 SVCB0057002.
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 Bhingar Urban Coop Bank Ltd- Pipeline 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 Bhingar Urban Coop Bank Ltd- Pipeline, here are some ways that you can get 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.
If you know both IFSC and MICR codes, then it can help account holders in Ahmadnagar manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is SVCB0057002.
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 Pipeline Road, Near Ekvira Chowk, 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.