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 Nagarbhavi branch in Bangalore Urban, Nagarabavi, Karnataka, 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 Bangalore Urban or anywhere in Karnataka can easily transfer funds instantly by using the correct IFSC Code SVCB0000155. 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, Nagarbhavi, Bangalore Urban

The table below shows the main details of the IFSC Code SVCB0000155 for the The Shamrao Vithal Cooperative Bank branch in Bangalore Urban, which falls under the Nagarabavi district in Karnataka.

Particulars Details
Bank The Shamrao Vithal Cooperative Bank
IFSC Code SVCB0000155
Branch Nagarbhavi
City Bangalore Urban
District Nagarabavi
State Karnataka
Address 1210/C, 80 Feet Road, Near Hotel Deewar, 1St Phase, 2Nd Stage, Chandra Layout, Bengluru- 560 040

These details are crucial, not just for online banking users but also for businesses and individuals who use The Shamrao Vithal Cooperative Bank in Bangalore Urban for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SVCB0000155 for the Nagarbhavi 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 provided by the Reserve Bank of India. Every bank branch, including The Shamrao Vithal Cooperative Bank located in Nagarbhavi, Bangalore Urban, Karnataka, is provided with a unique IFSC like SVCB0000155 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It uniquely identifies the The Shamrao Vithal Cooperative Bank branch in Bangalore Urban.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any errors or confusions between multiple branches of the same bank across different places like Bangalore Urban and Nagarabavi.
  • It reduces errors in fund transfers and improves accuracy.
  • It allows sender banks to validate and confirm branch details before processing payments.

There are thousands of branches across Karnataka and the rest of India and the IFSC Code ensures that transactions meant for The Shamrao Vithal Cooperative Bank in Nagarbhavi do not get mixed with another location.

Format of the IFSC Code SVCB0000155

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 Nagarbhavi in Bangalore Urban.

For example, the IFSC Code SVCB0000155 of The Shamrao Vithal Cooperative Bank for the Nagarbhavi branch includes these elements, identifying the bank and the branch location in Bangalore Urban and Karnataka accurately.

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

If you are trying to find the IFSC Code SVCB0000155 of The Shamrao Vithal Cooperative Bank for its Nagarbhavi branch located in Bangalore Urban, 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

You can easily find the IFSC and MICR codes because most banks, including The Shamrao Vithal Cooperative Bank branches in Bangalore Urban and Nagarabavi, print them 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 Nagarbhavi or Bangalore Urban to get the exact IFSC Code SVCB0000155.

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 Bangalore Urban, you'll get the correct details.

How to Use IFSC Code SVCB0000155 for Online Transfers?

If you have the IFSC Code SVCB0000155 for the Nagarbhavi branch of The Shamrao Vithal Cooperative Bank in Bangalore Urban, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SVCB0000155. 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 SVCB0000155.

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 Nagarbhavi in Bangalore Urban, 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 Nagarbhavi, 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 Bangalore Urban 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 Nagarbhavi, Bangalore Urban?

The IFSC Code is SVCB0000155.

Is the IFSC Code SVCB0000155 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of The Shamrao Vithal Cooperative Bank Nagarbhavi?

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

What is the full address of the Nagarbhavi branch?

The address of the branch is 1210/C, 80 Feet Road, Near Hotel Deewar, 1St Phase, 2Nd Stage, Chandra Layout, Bengluru- 560 040 located in Bangalore Urban, Nagarabavi, Karnataka.

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.