IFSC Code of The Shamrao Vithal Cooperative Bank, Nungambakkam, Chennai, Tamil Nadu — SVCB0000176

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 Nungambakkam branch in Chennai, Chennai, Tamil Nadu, 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 Chennai or anywhere in Tamil Nadu can easily transfer funds instantly by using the correct IFSC Code SVCB0000176. 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, Nungambakkam, Chennai

Here are the key points that are associated with the IFSC Code SVCB0000176 of The Shamrao Vithal Cooperative Bank for its branch located in Chennai, within the district of Chennai in the state of Tamil Nadu.

These details are crucial, not just for online banking users but also for businesses and individuals who use The Shamrao Vithal Cooperative Bank in Chennai for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SVCB0000176 for the Nungambakkam 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 that is provided by the Reserve Bank of India. A unique IFSC like SVCB0000176 is given to every bank branch, including The Shamrao Vithal Cooperative Bank located in Nungambakkam, Chennai, Tamil Nadu, 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 Chennai.
• 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 Chennai and Chennai.
• 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 Tamil Nadu and the rest of India, which is why the IFSC Code ensures that transactions meant for The Shamrao Vithal Cooperative Bank in Nungambakkam doesn't end up at another location.

Format of the IFSC Code SVCB0000176

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 Nungambakkam in Chennai.

For example, the IFSC Code SVCB0000176 of The Shamrao Vithal Cooperative Bank for the Nungambakkam branch includes these elements, identifying the bank and the branch location in Chennai and Tamil Nadu accurately.

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

If you are looking for the IFSC Code SVCB0000176 of The Shamrao Vithal Cooperative Bank for its Nungambakkam branch located in Chennai, 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 Chennai and Chennai, 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 Nungambakkam or Chennai to get the exact IFSC Code SVCB0000176.

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 Chennai, then it will provide you proper information.

How to Use IFSC Code SVCB0000176 for Online Transfers?

If you have the IFSC Code SVCB0000176 for the Nungambakkam branch of The Shamrao Vithal Cooperative Bank in Chennai, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SVCB0000176. 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 SVCB0000176.

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 Nungambakkam in Chennai, it may result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of The Shamrao Vithal Cooperative Bank in Nungambakkam, you can find it by any of the following ways:

• Check the bottom of your cheque leaf.
• Go to the first page of your passbook.
• Visit the official The Shamrao Vithal Cooperative Bank website.
• Search the RBI portal.

Having both IFSC and MICR codes helps account holders in Chennai manage online transfers as well as cheque clearances with ease.