Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of The Shamrao Vithal Cooperative Bank for its Omprakash Deora Peoples Coop Bk Hingoli-Ch.Sambhaji Nagar branch in Ch.Sambhaji Nagar, Ch.Sambhaji Nagar, Maharashtra, then this guide will give you detailed information.

The banking system has evolved significantly in India, and today the customers of The Shamrao Vithal Cooperative Bank located in Ch.Sambhaji Nagar or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SVCB0009031. You should definitely 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, Omprakash Deora Peoples Coop Bk Hingoli-Ch.Sambhaji Nagar, Ch.Sambhaji Nagar

Here are some of the key details that come with the IFSC Code SVCB0009031 of The Shamrao Vithal Cooperative Bank for its branch located in Ch.Sambhaji Nagar, within the district of Ch.Sambhaji Nagar in the state of Maharashtra.

Particulars Details
Bank The Shamrao Vithal Cooperative Bank
IFSC Code SVCB0009031
Branch Omprakash Deora Peoples Coop Bk Hingoli-Ch.Sambhaji Nagar
City Ch.Sambhaji Nagar
District Ch.Sambhaji Nagar
State Maharashtra
Address Trimurti Chowk, Near Shanti Niketan, Ch. Sambhaji Nagar, Maharashtra- 431001

These details helps users in online banking and for businesses and individuals who use The Shamrao Vithal Cooperative Bank in Ch.Sambhaji Nagar for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SVCB0009031 for the Omprakash Deora Peoples Coop Bk Hingoli-Ch.Sambhaji Nagar 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 Omprakash Deora Peoples Coop Bk Hingoli-Ch.Sambhaji Nagar, Ch.Sambhaji Nagar, Maharashtra, are allotted a unique IFSC like SVCB0009031 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Ch.Sambhaji Nagar.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents confusion between different branches of the same bank in places like Ch.Sambhaji Nagar and Ch.Sambhaji Nagar.
  • It reduces errors in fund transfers and improves accuracy.
  • It helps the sender banks to validate and confirm branch details before processing payments.

It makes sure that money sent to The Shamrao Vithal Cooperative Bank in Omprakash Deora Peoples Coop Bk Hingoli-Ch.Sambhaji Nagar reaches the right place, even though there are thousands of branches in Maharashtra and across India.

Format of the IFSC Code SVCB0009031

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

AAAA0CCCCCC

Here's the explanation:

  • First 4 characters (AAAA): This is the bank code. For The Shamrao Vithal Cooperative Bank, these characters are the bank's short identifier.
  • 5th character (0): This stays zero till there is any future use.
  • Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Omprakash Deora Peoples Coop Bk Hingoli-Ch.Sambhaji Nagar in Ch.Sambhaji Nagar.

For example, the IFSC Code SVCB0009031 of The Shamrao Vithal Cooperative Bank for the Omprakash Deora Peoples Coop Bk Hingoli-Ch.Sambhaji Nagar branch includes these elements, identifying the bank and the branch location in Ch.Sambhaji Nagar and Maharashtra accurately.

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

If you are trying to find the IFSC Code SVCB0009031 of The Shamrao Vithal Cooperative Bank for its Omprakash Deora Peoples Coop Bk Hingoli-Ch.Sambhaji Nagar branch located in Ch.Sambhaji Nagar, 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

Most banks, including The Shamrao Vithal Cooperative Bank branches in Ch.Sambhaji Nagar and Ch.Sambhaji Nagar, print the IFSC and MICR codes 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 Omprakash Deora Peoples Coop Bk Hingoli-Ch.Sambhaji Nagar or Ch.Sambhaji Nagar to get the exact IFSC Code SVCB0009031.

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 Ch.Sambhaji Nagar, you'll get the correct details.

How to Use IFSC Code SVCB0009031 for Online Transfers?

Once you have the IFSC Code SVCB0009031 for the Omprakash Deora Peoples Coop Bk Hingoli-Ch.Sambhaji Nagar branch of The Shamrao Vithal Cooperative Bank in Ch.Sambhaji Nagar, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SVCB0009031. 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 SVCB0009031.

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 Omprakash Deora Peoples Coop Bk Hingoli-Ch.Sambhaji Nagar in Ch.Sambhaji Nagar 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 Omprakash Deora Peoples Coop Bk Hingoli-Ch.Sambhaji Nagar, 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 Ch.Sambhaji Nagar to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of The Shamrao Vithal Cooperative Bank in Omprakash Deora Peoples Coop Bk Hingoli-Ch.Sambhaji Nagar, Ch.Sambhaji Nagar?

The IFSC Code is SVCB0009031.

Is the IFSC Code SVCB0009031 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 Omprakash Deora Peoples Coop Bk Hingoli-Ch.Sambhaji Nagar?

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 Omprakash Deora Peoples Coop Bk Hingoli-Ch.Sambhaji Nagar branch?

The address of the branch is Trimurti Chowk, Near Shanti Niketan, Ch. Sambhaji Nagar, Maharashtra- 431001 located in Ch.Sambhaji Nagar, Ch.Sambhaji Nagar, Maharashtra.

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.