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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of The Shamrao Vithal Cooperative Bank for its The Arya Vaishya Coop Bank Ltd- Kerur branch in Bagalkote, Kerur, or Karnataka, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of The Shamrao Vithal Cooperative Bank located in Bagalkote or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code SVCB0052006. 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 Arya Vaishya Coop Bank Ltd- Kerur, Bagalkote
Here are the key points that are associated with the IFSC Code SVCB0052006 of The Shamrao Vithal Cooperative Bank for its branch located in Bagalkote, within the district of Kerur in the state of Karnataka.
| Particulars | Details |
|---|---|
| Bank | The Shamrao Vithal Cooperative Bank |
| IFSC Code | SVCB0052006 |
| Branch | The Arya Vaishya Coop Bank Ltd- Kerur |
| City | Bagalkote |
| District | Kerur |
| State | Karnataka |
| Address | B. N. Totgeri Building, Tmc No 1806, Market Post, Kerur- 587206 |
These details are crucial, not just for online banking users but also for businesses and individuals who use The Shamrao Vithal Cooperative Bank in Bagalkote for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SVCB0052006 for the The Arya Vaishya Coop Bank Ltd- Kerur 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 that is provided by the Reserve Bank of India. A unique IFSC like SVCB0052006 is given to every bank branch, including The Shamrao Vithal Cooperative Bank located in The Arya Vaishya Coop Bank Ltd- Kerur, Bagalkote, Karnataka, 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 Bagalkote.
- 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 Bagalkote and Kerur.
- 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 Karnataka and the rest of India, which is why the IFSC Code ensures that transactions meant for The Shamrao Vithal Cooperative Bank in The Arya Vaishya Coop Bank Ltd- Kerur doesn't end up at another location.
Format of the IFSC Code SVCB0052006
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 Arya Vaishya Coop Bank Ltd- Kerur in Bagalkote.
For example, the IFSC Code SVCB0052006 of The Shamrao Vithal Cooperative Bank for the The Arya Vaishya Coop Bank Ltd- Kerur branch includes these elements, identifying the bank and the branch location in Bagalkote and Karnataka accurately.
How to Find IFSC Code for The Shamrao Vithal Cooperative Bank?
To find the IFSC Code SVCB0052006 of The Shamrao Vithal Cooperative Bank for its The Arya Vaishya Coop Bank Ltd- Kerur branch located in Bagalkote, 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 Bagalkote and Kerur, 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 The Arya Vaishya Coop Bank Ltd- Kerur or Bagalkote to find the exact IFSC Code SVCB0052006.
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 Bagalkote will provide accurate information.
How to Use IFSC Code SVCB0052006 for Online Transfers?
Once you have the IFSC Code SVCB0052006 for the The Arya Vaishya Coop Bank Ltd- Kerur branch of The Shamrao Vithal Cooperative Bank in Bagalkote, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code SVCB0052006. 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 SVCB0052006.
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 Arya Vaishya Coop Bank Ltd- Kerur in Bagalkote, 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 Arya Vaishya Coop Bank Ltd- Kerur, 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 Bagalkote to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is SVCB0052006.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is B. N. Totgeri Building, Tmc No 1806, Market Post, Kerur- 587206 located in Bagalkote, Kerur, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.