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 The Ambika Mahila Sahakari Bank Ltd- Balikashram Road 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 SVCB0054003. 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, The Ambika Mahila Sahakari Bank Ltd- Balikashram Road, Ahmadnagar
Here are the key points that are associated with the IFSC Code SVCB0054003 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 | SVCB0054003 |
| Branch | The Ambika Mahila Sahakari Bank Ltd- Balikashram Road |
| City | Ahmadnagar |
| District | Ahmadnagar |
| State | Maharashtra |
| Address | Survey No 145/2/3, In Front Of Police Colony, Balikashram Road, Ahmednagar- 414003 |
These details are important not only for users using online banking but also for businesses and individuals who use The Shamrao Vithal Cooperative Bank in Ahmadnagar for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SVCB0054003 for the The Ambika Mahila Sahakari Bank Ltd- Balikashram Road branch of The Shamrao Vithal Cooperative Bank 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, along with The Shamrao Vithal Cooperative Bank located in The Ambika Mahila Sahakari Bank Ltd- Balikashram Road, Ahmadnagar, Maharashtra, are given a unique IFSC like SVCB0054003 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 The Ambika Mahila Sahakari Bank Ltd- Balikashram Road 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 SVCB0054003
The format of the IFSC Code for banks, including The Shamrao Vithal Cooperative Bank, follows 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 The Ambika Mahila Sahakari Bank Ltd- Balikashram Road in Ahmadnagar.
For example, the IFSC Code SVCB0054003 of The Shamrao Vithal Cooperative Bank for the The Ambika Mahila Sahakari Bank Ltd- Balikashram Road 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 SVCB0054003 of The Shamrao Vithal Cooperative Bank for its The Ambika Mahila Sahakari Bank Ltd- Balikashram Road branch located in Ahmadnagar, the following methods can help:
Cheque Book
The cheque books that are issued by The Shamrao Vithal Cooperative Bank 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 The Shamrao Vithal Cooperative Bank branches in Ahmadnagar and Ahmadnagar, 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 find the branch locator section. Search for The Ambika Mahila Sahakari Bank Ltd- Balikashram Road or Ahmadnagar to get the exact IFSC Code SVCB0054003.
Mobile Banking App
If you use The Shamrao Vithal Cooperative Bank'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 The Shamrao Vithal Cooperative Bank and Ahmadnagar that will provide accurate information.
How to Use IFSC Code SVCB0054003 for Online Transfers?
Once you have the IFSC Code SVCB0054003 for the The Ambika Mahila Sahakari Bank Ltd- Balikashram Road 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 SVCB0054003. The transfer is completed in batches instead of instantly. It is useful for both 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 The Shamrao Vithal Cooperative Bank IFSC Code SVCB0054003.
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 The Ambika Mahila Sahakari Bank Ltd- Balikashram Road 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 The Ambika Mahila Sahakari Bank Ltd- Balikashram Road, 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 of the The Ambika Mahila Sahakari Bank Ltd- Balikashram Road Ahmadnagar branch is SVCB0054003.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Survey No 145/2/3, In Front Of Police Colony, Balikashram Road, Ahmednagar- 414003.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.