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 Shreeram Sahakari Bk Ltd-Ferbunder branch in Ferbunder, Ferbunder, Maharashtra, 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 Ferbunder or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code SVCB0021002. 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, Shreeram Sahakari Bk Ltd-Ferbunder, Ferbunder
Below in the table are the key details related to IFSC Code SVCB0021002 of The Shamrao Vithal Cooperative Bank for its branch located in Ferbunder, within the district of Ferbunder in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | The Shamrao Vithal Cooperative Bank |
| IFSC Code | SVCB0021002 |
| Branch | Shreeram Sahakari Bk Ltd-Ferbunder |
| City | Ferbunder |
| District | Ferbunder |
| State | Maharashtra |
| Address | Shop No 8 By 9,New Bawan Chwal No.42,R.B.Marg,Ferbunder,Mumbai 400033 |
These details are important not only for users using online banking but also for businesses and individuals who use The Shamrao Vithal Cooperative Bank in Ferbunder for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SVCB0021002 for the Shreeram Sahakari Bk Ltd-Ferbunder branch of The Shamrao Vithal Cooperative Bank is vital.
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 Shreeram Sahakari Bk Ltd-Ferbunder, Ferbunder, Maharashtra, are allotted a unique IFSC like SVCB0021002 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Ferbunder.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Ferbunder and Ferbunder.
- 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 Shreeram Sahakari Bk Ltd-Ferbunder reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code SVCB0021002
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 Shreeram Sahakari Bk Ltd-Ferbunder in Ferbunder.
For example, the IFSC Code SVCB0021002 of The Shamrao Vithal Cooperative Bank for the Shreeram Sahakari Bk Ltd-Ferbunder branch has these elements, identifying the bank and the branch location in Ferbunder and Maharashtra correctly.
How to Find IFSC Code for The Shamrao Vithal Cooperative Bank?
If you are trying to find the IFSC Code SVCB0021002 of The Shamrao Vithal Cooperative Bank for its Shreeram Sahakari Bk Ltd-Ferbunder branch located in Ferbunder, 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 Ferbunder and Ferbunder, 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 Shreeram Sahakari Bk Ltd-Ferbunder or Ferbunder to get the exact IFSC Code SVCB0021002.
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 Ferbunder, you'll get the correct details.
How to Use IFSC Code SVCB0021002 for Online Transfers?
Once you have the IFSC Code SVCB0021002 for the Shreeram Sahakari Bk Ltd-Ferbunder branch of The Shamrao Vithal Cooperative Bank in Ferbunder, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SVCB0021002. 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 SVCB0021002.
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 Shreeram Sahakari Bk Ltd-Ferbunder in Ferbunder 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 Shreeram Sahakari Bk Ltd-Ferbunder, 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 Ferbunder to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is SVCB0021002.
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 Shop No 8 By 9,New Bawan Chwal No.42,R.B.Marg,Ferbunder,Mumbai 400033 located in Ferbunder, Ferbunder, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.