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 Hotel Industrialists Co-Op Bank Ltd- Balapet branch in Bangalore Urban, Bangalore, Karnataka, 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 Bangalore Urban or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code SVCB0041269. 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 Hotel Industrialists Co-Op Bank Ltd- Balapet, Bangalore Urban
The table below shows the main details of the IFSC Code SVCB0041269 for the The Shamrao Vithal Cooperative Bank branch in Bangalore Urban, which falls under the Bangalore district in Karnataka.
| Particulars | Details |
|---|---|
| Bank | The Shamrao Vithal Cooperative Bank |
| IFSC Code | SVCB0041269 |
| Branch | The Hotel Industrialists Co-Op Bank Ltd- Balapet |
| City | Bangalore Urban |
| District | Bangalore |
| State | Karnataka |
| Address | No 553,1St Floor, O.T.C Road,Balapet, Bangalore- 560053 |
These details helps users in online banking and for businesses and individuals who use The Shamrao Vithal Cooperative Bank in Bangalore Urban for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SVCB0041269 for the The Hotel Industrialists Co-Op Bank Ltd- Balapet branch of The Shamrao Vithal Cooperative Bank plays a vital 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 Hotel Industrialists Co-Op Bank Ltd- Balapet, Bangalore Urban, Karnataka, are given a unique IFSC like SVCB0041269 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Bangalore Urban.
- 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 Bangalore Urban and Bangalore.
- 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 Hotel Industrialists Co-Op Bank Ltd- Balapet goes to the correct branch. This is important because The Shamrao Vithal Cooperative Bank has thousands of branches in Karnataka and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code SVCB0041269
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 Hotel Industrialists Co-Op Bank Ltd- Balapet in Bangalore Urban.
For example, the IFSC Code SVCB0041269 of The Shamrao Vithal Cooperative Bank for the The Hotel Industrialists Co-Op Bank Ltd- Balapet branch includes these elements, identifying the bank and the branch location in Bangalore Urban and Karnataka correctly.
How to Find IFSC Code for The Shamrao Vithal Cooperative Bank?
If you are trying to find the IFSC Code SVCB0041269 of The Shamrao Vithal Cooperative Bank for its The Hotel Industrialists Co-Op Bank Ltd- Balapet 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 Bangalore, 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 The Hotel Industrialists Co-Op Bank Ltd- Balapet or Bangalore Urban to get the exact IFSC Code SVCB0041269.
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 SVCB0041269 for Online Transfers?
Once you have the IFSC Code SVCB0041269 for the The Hotel Industrialists Co-Op Bank Ltd- Balapet branch of The Shamrao Vithal Cooperative Bank in Bangalore Urban, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SVCB0041269. 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 SVCB0041269.
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 Hotel Industrialists Co-Op Bank Ltd- Balapet in Bangalore Urban 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 Hotel Industrialists Co-Op Bank Ltd- Balapet, 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 Bangalore Urban to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is SVCB0041269.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is No 553,1St Floor, O.T.C Road,Balapet, Bangalore- 560053 located in Bangalore Urban, Bangalore, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.