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 Bharati Sahakari Bank-New Delhi branch in Delhi, Delhi, Delhi, 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 Delhi or anywhere in Delhi can easily transfer funds instantly by using the correct IFSC Code SVCB0010015. 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, Bharati Sahakari Bank-New Delhi, Delhi
Here are the key points that are associated with the IFSC Code SVCB0010015 of The Shamrao Vithal Cooperative Bank for its branch located in Delhi, within the district of Delhi in the state of Delhi.
| Particulars | Details |
|---|---|
| Bank | The Shamrao Vithal Cooperative Bank |
| IFSC Code | SVCB0010015 |
| Branch | Bharati Sahakari Bank-New Delhi |
| City | Delhi |
| District | Delhi |
| State | Delhi |
| Address | A-4, Rohtak Road, High-Way 10, Paschim Vihar, New Delhi - 110 063. |
These details are essential not only for online banking users but also for businesses and individuals who use The Shamrao Vithal Cooperative Bank in Delhi for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SVCB0010015 for the Bharati Sahakari Bank-New Delhi 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 provided by the Reserve Bank of India. Every bank branch, along with The Shamrao Vithal Cooperative Bank located in Bharati Sahakari Bank-New Delhi, Delhi, Delhi, are allotted a unique IFSC like SVCB0010015 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Delhi.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Delhi and Delhi.
- 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 Bharati Sahakari Bank-New Delhi reaches the right place, even though there are thousands of branches in Delhi and across India.
Format of the IFSC Code SVCB0010015
The format of the IFSC Code for banks, including The Shamrao Vithal Cooperative Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): These represent the bank code. In The Shamrao Vithal Cooperative Bank, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Bharati Sahakari Bank-New Delhi in Delhi.
For example, the IFSC Code SVCB0010015 of The Shamrao Vithal Cooperative Bank for the Bharati Sahakari Bank-New Delhi branch has these elements, identifying the bank and the branch location in Delhi and Delhi correctly.
How to Find IFSC Code for The Shamrao Vithal Cooperative Bank?
To find the IFSC Code SVCB0010015 of The Shamrao Vithal Cooperative Bank for its Bharati Sahakari Bank-New Delhi branch located in Delhi, 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 Delhi and Delhi, 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 Bharati Sahakari Bank-New Delhi or Delhi to find the exact IFSC Code SVCB0010015.
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 Delhi will provide accurate information.
How to Use IFSC Code SVCB0010015 for Online Transfers?
Once you have the IFSC Code SVCB0010015 for the Bharati Sahakari Bank-New Delhi branch of The Shamrao Vithal Cooperative Bank in Delhi, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SVCB0010015. 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 SVCB0010015.
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 Bharati Sahakari Bank-New Delhi in Delhi, it can 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 Bharati Sahakari Bank-New Delhi, 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 Delhi manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is SVCB0010015.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is A-4, Rohtak Road, High-Way 10, Paschim Vihar, New Delhi - 110 063. located in Delhi, Delhi, Delhi.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.