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 Dahisar(East) branch in Greater Bombay, Mumbai, 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 Greater Bombay or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SVCB0000032. 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, Dahisar(East), Greater Bombay
The table below shows the main details of the IFSC Code SVCB0000032 for the The Shamrao Vithal Cooperative Bank branch in Greater Bombay, which falls under the Mumbai district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | The Shamrao Vithal Cooperative Bank |
| IFSC Code | SVCB0000032 |
| Branch | Dahisar(East) |
| City | Greater Bombay |
| District | Mumbai |
| State | Maharashtra |
| Address | Ground Floor,Shivani Sankul Vidyabhushan Shikshan Sanstha,Shiv Vallabh Cross Road,Ashok Van,Dahisar(E),Mumbai-400 068 |
These details helps users in online banking and for businesses and individuals who use The Shamrao Vithal Cooperative Bank in Greater Bombay for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SVCB0000032 for the Dahisar(East) 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 Dahisar(East), Greater Bombay, Maharashtra, are given a unique IFSC like SVCB0000032 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Greater Bombay.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Greater Bombay and Mumbai.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to The Shamrao Vithal Cooperative Bank in Dahisar(East) goes to the correct branch. This is important because The Shamrao Vithal Cooperative Bank has thousands of branches in Maharashtra and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code SVCB0000032
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): Show the bank code. For The Shamrao Vithal Cooperative Bank, these letters represent the bank's short name.
- 5th character: Is always zero and is kept for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Dahisar(East) in Greater Bombay.
For example, the IFSC Code SVCB0000032 of The Shamrao Vithal Cooperative Bank for the Dahisar(East) branch includes these elements, identifying the bank and the branch location in Greater Bombay and Maharashtra accurately.
How to Find IFSC Code for The Shamrao Vithal Cooperative Bank?
If you are trying to find the IFSC Code SVCB0000032 of The Shamrao Vithal Cooperative Bank for its Dahisar(East) branch located in Greater Bombay, 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 Greater Bombay and Mumbai, 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 Dahisar(East) or Greater Bombay to get the exact IFSC Code SVCB0000032.
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 Greater Bombay, you'll get the correct details.
How to Use IFSC Code SVCB0000032 for Online Transfers?
Once you have the IFSC Code SVCB0000032 for the Dahisar(East) branch of The Shamrao Vithal Cooperative Bank in Greater Bombay, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SVCB0000032. 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 SVCB0000032.
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 Dahisar(East) in Greater Bombay, 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 Dahisar(East), 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 Greater Bombay to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is SVCB0000032.
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 Ground Floor,Shivani Sankul Vidyabhushan Shikshan Sanstha,Shiv Vallabh Cross Road,Ashok Van,Dahisar(E),Mumbai-400 068 located in Greater Bombay, Mumbai, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.