The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of The Shamrao Vithal Cooperative Bank for its The Hospet Coop City Bank Ltd- Hospet branch in Bellary, Hospet, Karnataka, this complete guide will provide you with detailed information.

The banking system in India has changed over the years, and today customers of The Shamrao Vithal Cooperative Bank located in Bellary or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code SVCB0062002. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for The Shamrao Vithal Cooperative Bank, The Hospet Coop City Bank Ltd- Hospet, Bellary

Below in the table are the key details related to IFSC Code SVCB0062002 of The Shamrao Vithal Cooperative Bank for its branch located in Bellary, within the district of Hospet in the state of Karnataka.

Particulars Details
Bank The Shamrao Vithal Cooperative Bank
IFSC Code SVCB0062002
Branch The Hospet Coop City Bank Ltd- Hospet
City Bellary
District Hospet
State Karnataka
Address Y.No. 1583, Patel Nagar, 3Rd Ward, Hospet- 583201

These details helps 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 SVCB0062002 for the The Hospet Coop City Bank Ltd- Hospet 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, including The Shamrao Vithal Cooperative Bank located in The Hospet Coop City Bank Ltd- Hospet, Bellary, Karnataka, is provided with a unique IFSC like SVCB0062002 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 Bellary.
  • 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 Bellary and Hospet.
  • 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 The Hospet Coop City Bank Ltd- Hospet do not get mixed with another location.

Format of the IFSC Code SVCB0062002

The format of the IFSC Code for banks, including The Shamrao Vithal Cooperative Bank, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown of this:

  • First 4 characters (AAAA): Represent the bank code. For The Shamrao Vithal Cooperative Bank, these characters are the bank's short identifier.
  • 5th character (0): Always zero which is reserved for future use.
  • Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as The Hospet Coop City Bank Ltd- Hospet in Bellary.

For example, the IFSC Code SVCB0062002 of The Shamrao Vithal Cooperative Bank for the The Hospet Coop City Bank Ltd- Hospet branch includes these elements, identifying the bank and the branch location in Bellary and Karnataka accurately.

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

If you are trying to find the IFSC Code SVCB0062002 of The Shamrao Vithal Cooperative Bank for its The Hospet Coop City Bank Ltd- Hospet branch located in Bellary, the following methods can help:

Cheque Book

The cheque books that are issued by The Shamrao Vithal Cooperative Bank include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.

Passbook

Most banks, including The Shamrao Vithal Cooperative Bank branches in Bellary and Hospet, 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 find the branch locator section. Search for The Hospet Coop City Bank Ltd- Hospet or Bellary to get the exact IFSC Code SVCB0062002.

Mobile Banking App

If you use The Shamrao Vithal Cooperative Bank's mobile app, you can easily 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 to help you in searching for The Shamrao Vithal Cooperative Bank and Bellary that will provide accurate information.

How to Use IFSC Code SVCB0062002 for Online Transfers?

Once you have the IFSC Code SVCB0062002 for the The Hospet Coop City Bank Ltd- Hospet branch of The Shamrao Vithal Cooperative Bank in Bellary, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SVCB0062002. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. You need the recipient's account details and The Shamrao Vithal Cooperative Bank IFSC Code SVCB0062002.

Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for The Shamrao Vithal Cooperative Bank The Hospet Coop City Bank Ltd- Hospet in Bellary, it can 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 Hospet Coop City Bank Ltd- Hospet, 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 Bellary 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 The Hospet Coop City Bank Ltd- Hospet, Bellary?

The IFSC Code is SVCB0062002.

Is the IFSC Code SVCB0062002 permanent?

Yes, but there can be changes during mergers or restructuring.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and the IFSC is for online transfers.

Where can I find the IFSC Code of The Shamrao Vithal Cooperative Bank The Hospet Coop City Bank Ltd- Hospet?

You can easily 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 Coop City Bank Ltd- Hospet branch?

The address of the branch is Y.No. 1583, Patel Nagar, 3Rd Ward, Hospet- 583201 located in Bellary, Hospet, 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.