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 Hospet Co-Op City Bank Ltd.- Kampli branch in Bellary, Kampli, 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 Bellary or anywhere in Karnataka can easily transfer funds instantly by using the correct IFSC Code SVCB0062003. 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 Hospet Co-Op City Bank Ltd.- Kampli, Bellary

Here are the key points that are associated with the IFSC Code SVCB0062003 of The Shamrao Vithal Cooperative Bank for its branch located in Bellary, within the district of Kampli in the state of Karnataka.

Particulars Details
Bank The Shamrao Vithal Cooperative Bank
IFSC Code SVCB0062003
Branch The Hospet Co-Op City Bank Ltd.- Kampli
City Bellary
District Kampli
State Karnataka
Address Hnf Plaza, Kottal Road, Kampli-583132

These details help users in online banking and for businesses and individuals who use The Shamrao Vithal Cooperative Bank in Bellary for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SVCB0062003 for the The Hospet Co-Op City Bank Ltd.- Kampli 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 Hospet Co-Op City Bank Ltd.- Kampli, Bellary, Karnataka, are given a unique IFSC like SVCB0062003 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Bellary.
  • 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 Bellary and Kampli.
  • 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 Hospet Co-Op City Bank Ltd.- Kampli 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 SVCB0062003

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 Hospet Co-Op City Bank Ltd.- Kampli in Bellary.

For example, the IFSC Code SVCB0062003 of The Shamrao Vithal Cooperative Bank for the The Hospet Co-Op City Bank Ltd.- Kampli branch includes these elements, identifying the bank and the branch location in Bellary and Karnataka correctly.

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

If you are looking for the IFSC Code SVCB0062003 of The Shamrao Vithal Cooperative Bank for its The Hospet Co-Op City Bank Ltd.- Kampli branch located in Bellary, 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 Bellary and Kampli, 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 Hospet Co-Op City Bank Ltd.- Kampli or Bellary to get the exact IFSC Code SVCB0062003.

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 Bellary, then it will provide you proper information.

How to Use IFSC Code SVCB0062003 for Online Transfers?

Once you have the IFSC Code SVCB0062003 for the The Hospet Co-Op City Bank Ltd.- Kampli branch of The Shamrao Vithal Cooperative Bank in Bellary, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SVCB0062003. 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 SVCB0062003.

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 Hospet Co-Op City Bank Ltd.- Kampli in Bellary may result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of The Shamrao Vithal Cooperative Bank in The Hospet Co-Op City Bank Ltd.- Kampli, here are some of the ways 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.

Knowing both IFSC and MICR code can help account holders in Bellary manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of The Shamrao Vithal Cooperative Bank in The Hospet Co-Op City Bank Ltd.- Kampli, Bellary?

The IFSC Code is SVCB0062003.

Is the IFSC Code SVCB0062003 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 The Hospet Co-Op City Bank Ltd.- Kampli?

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 The Hospet Co-Op City Bank Ltd.- Kampli branch?

The address of the branch is Hnf Plaza, Kottal Road, Kampli-583132 located in Bellary, Kampli, 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.