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 Hotel Industrialists Co-Op Bank Ltd- Halasuru branch in Bangalore Urban, Bangalore, 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 SVCB0041341. 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 Hotel Industrialists Co-Op Bank Ltd- Halasuru, Bangalore Urban
Here are some of the key details that come with the IFSC Code SVCB0041341 of The Shamrao Vithal Cooperative Bank for its branch located in Bangalore Urban, within the district of Bangalore in the state of Karnataka.
| Particulars | Details |
|---|---|
| Bank | The Shamrao Vithal Cooperative Bank |
| IFSC Code | SVCB0041341 |
| Branch | The Hotel Industrialists Co-Op Bank Ltd- Halasuru |
| City | Bangalore Urban |
| District | Bangalore |
| State | Karnataka |
| Address | No 38, Panna Chambers, Palani Modaliar Road,Halasooru, Bangalore- 560008 |
These details are essential not only for online banking users but also for businesses and individuals who use The Shamrao Vithal Cooperative Bank in Bangalore Urban for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SVCB0041341 for the The Hotel Industrialists Co-Op Bank Ltd- Halasuru branch of The Shamrao Vithal Cooperative Bank plays 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 SVCB0041341 is given to every bank branch, including The Shamrao Vithal Cooperative Bank located in The Hotel Industrialists Co-Op Bank Ltd- Halasuru, Bangalore Urban, 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 Bangalore Urban.
- 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 Bangalore Urban and Bangalore.
- 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 Hotel Industrialists Co-Op Bank Ltd- Halasuru doesn't end up at another location.
Format of the IFSC Code SVCB0041341
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- Halasuru in Bangalore Urban.
For example, the IFSC Code SVCB0041341 of The Shamrao Vithal Cooperative Bank for the The Hotel Industrialists Co-Op Bank Ltd- Halasuru 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?
To find the IFSC Code SVCB0041341 of The Shamrao Vithal Cooperative Bank for its The Hotel Industrialists Co-Op Bank Ltd- Halasuru branch located in Bangalore Urban, 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 Bangalore Urban and Bangalore, 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 Hotel Industrialists Co-Op Bank Ltd- Halasuru or Bangalore Urban to find the exact IFSC Code SVCB0041341.
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 Bangalore Urban will provide accurate information.
How to Use IFSC Code SVCB0041341 for Online Transfers?
If you have the IFSC Code SVCB0041341 for the The Hotel Industrialists Co-Op Bank Ltd- Halasuru 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 SVCB0041341. 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 SVCB0041341.
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 The Hotel Industrialists Co-Op Bank Ltd- Halasuru 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 The Hotel Industrialists Co-Op Bank Ltd- Halasuru, 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)
The IFSC Code is SVCB0041341.
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 No 38, Panna Chambers, Palani Modaliar Road,Halasooru, Bangalore- 560008 located in Bangalore Urban, Bangalore, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.