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 The Gooty Co-Op Town Bank-Pamidi branch in Anantapur, Pamidi, Andhra Pradesh, 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 Anantapur or anywhere in Andhra Pradesh can easily transfer funds instantly by using the correct IFSC Code SVCB0053004. 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, The Gooty Co-Op Town Bank-Pamidi, Anantapur

The table below shows the main details of the IFSC Code SVCB0053004 for the The Shamrao Vithal Cooperative Bank branch in Anantapur, which falls under the Pamidi district in Andhra Pradesh.

Particulars Details
Bank The Shamrao Vithal Cooperative Bank
IFSC Code SVCB0053004
Branch The Gooty Co-Op Town Bank-Pamidi
City Anantapur
District Pamidi
State Andhra Pradesh
Address 1-584-A4,Bcc Road, Pamidi- 515775

These details are crucial, not just for online banking users but also for businesses and individuals who use The Shamrao Vithal Cooperative Bank in Anantapur for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SVCB0053004 for the The Gooty Co-Op Town Bank-Pamidi 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including The Shamrao Vithal Cooperative Bank located in The Gooty Co-Op Town Bank-Pamidi, Anantapur, Andhra Pradesh, is provided a unique IFSC like SVCB0053004 so that their online payments reach the right place.

The IFSC Code is important because:

  • It uniquely recognizes the The Shamrao Vithal Cooperative Bank branch in Anantapur.
  • Helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any confusions between multiple branches of the same bank across different places like Anantapur and Pamidi.
  • It reduces most of the errors in fund transfers and makes sure its accuracy.
  • It enables sender banks to validate and confirm branch details before processing payments.

For thousands of branches across Andhra Pradesh and the rest of India, the IFSC Code ensures that transactions meant for The Shamrao Vithal Cooperative Bank in The Gooty Co-Op Town Bank-Pamidi do not get misguided to another person.

Format of the IFSC Code SVCB0053004

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 The Gooty Co-Op Town Bank-Pamidi in Anantapur.

For example, the IFSC Code SVCB0053004 of The Shamrao Vithal Cooperative Bank for the The Gooty Co-Op Town Bank-Pamidi branch includes these elements, identifying the bank and the branch location in Anantapur and Andhra Pradesh correctly.

How to Find IFSC Code for The Shamrao Vithal Cooperative Bank?

If you are trying to find the IFSC Code SVCB0053004 of The Shamrao Vithal Cooperative Bank for its The Gooty Co-Op Town Bank-Pamidi branch located in Anantapur, 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 Anantapur and Pamidi, 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 The Gooty Co-Op Town Bank-Pamidi or Anantapur to get the exact IFSC Code SVCB0053004.

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 Anantapur, you'll get the correct details.

How to Use IFSC Code SVCB0053004 for Online Transfers?

Once you have the IFSC Code SVCB0053004 for the The Gooty Co-Op Town Bank-Pamidi branch of The Shamrao Vithal Cooperative Bank in Anantapur, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SVCB0053004. Transfers are processed in batches. This is 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. Requires the recipient's account details and The Shamrao Vithal Cooperative Bank IFSC Code SVCB0053004.

Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for The Shamrao Vithal Cooperative Bank The Gooty Co-Op Town Bank-Pamidi in Anantapur 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 The Gooty Co-Op Town Bank-Pamidi, 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 Anantapur manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of The Shamrao Vithal Cooperative Bank in The Gooty Co-Op Town Bank-Pamidi, Anantapur?

The IFSC Code is SVCB0053004.

Is the IFSC Code SVCB0053004 permanent?

Yes, but there can be changes during mergers or restructuring.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and the IFSC is for online transfers.

Where can I find the IFSC Code of The Shamrao Vithal Cooperative Bank The Gooty Co-Op Town Bank-Pamidi?

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

What is the full address of the The Gooty Co-Op Town Bank-Pamidi branch?

The address of the branch is 1-584-A4,Bcc Road, Pamidi- 515775 located in Anantapur, Pamidi, Andhra Pradesh.

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.