For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of The Shamrao Vithal Cooperative Bank for its The Kopargaon Peoples Coop Bank Ltd- Lasur Station branch in Aurangabad, Lasur, Maharashtra, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of The Shamrao Vithal Cooperative Bank located in Aurangabad or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SVCB0035007. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for The Shamrao Vithal Cooperative Bank, The Kopargaon Peoples Coop Bank Ltd- Lasur Station, Aurangabad
The table below shows the main details of the IFSC Code SVCB0035007 for the The Shamrao Vithal Cooperative Bank branch in Aurangabad, which falls under the Lasur district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | The Shamrao Vithal Cooperative Bank |
| IFSC Code | SVCB0035007 |
| Branch | The Kopargaon Peoples Coop Bank Ltd- Lasur Station |
| City | Aurangabad |
| District | Lasur |
| State | Maharashtra |
| Address | Near Lasur Station |
These details help users in online banking and for businesses and individuals who use The Shamrao Vithal Cooperative Bank in Aurangabad for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SVCB0035007 for the The Kopargaon Peoples Coop Bank Ltd- Lasur Station 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 provided by the Reserve Bank of India. Every bank branch, along with The Shamrao Vithal Cooperative Bank located in The Kopargaon Peoples Coop Bank Ltd- Lasur Station, Aurangabad, Maharashtra, are given a unique IFSC like SVCB0035007 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Aurangabad.
- 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 Aurangabad and Lasur.
- 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 Kopargaon Peoples Coop Bank Ltd- Lasur Station 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 SVCB0035007
This is the format of the IFSC Code for banks, including The Shamrao Vithal Cooperative Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For The Shamrao Vithal Cooperative Bank, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as The Kopargaon Peoples Coop Bank Ltd- Lasur Station in Aurangabad.
For example, the IFSC Code SVCB0035007 of The Shamrao Vithal Cooperative Bank for the The Kopargaon Peoples Coop Bank Ltd- Lasur Station branch includes these elements, identifying the bank and the branch location in Aurangabad and Maharashtra accurately.
How to Find IFSC Code for The Shamrao Vithal Cooperative Bank?
If you are looking for the IFSC Code SVCB0035007 of The Shamrao Vithal Cooperative Bank for its The Kopargaon Peoples Coop Bank Ltd- Lasur Station branch located in Aurangabad, the following methods can help:
Cheque Book
The cheque book that is issued by The Shamrao Vithal Cooperative Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including The Shamrao Vithal Cooperative Bank branches in Aurangabad and Lasur, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of The Shamrao Vithal Cooperative Bank and look for the branch locator section, then search for The Kopargaon Peoples Coop Bank Ltd- Lasur Station or Aurangabad to get the exact IFSC Code SVCB0035007.
Mobile Banking App
If you use The Shamrao Vithal Cooperative Bank's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for The Shamrao Vithal Cooperative Bank and Aurangabad, then it will provide you proper information.
How to Use IFSC Code SVCB0035007 for Online Transfers?
Once you have the IFSC Code SVCB0035007 for the The Kopargaon Peoples Coop Bank Ltd- Lasur Station branch of The Shamrao Vithal Cooperative Bank in Aurangabad, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SVCB0035007. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and The Shamrao Vithal Cooperative Bank IFSC Code SVCB0035007.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for The Shamrao Vithal Cooperative Bank The Kopargaon Peoples Coop Bank Ltd- Lasur Station in Aurangabad, it can 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 Kopargaon Peoples Coop Bank Ltd- Lasur Station, 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 Aurangabad to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the The Kopargaon Peoples Coop Bank Ltd- Lasur Station Aurangabad branch is SVCB0035007.
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 Near Lasur Station.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.