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 Hindustan Coopbk-Pmgp Cly,Mankhurd branch in Greater Bombay, Mumbai, 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 Greater Bombay or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code SVCB0001012. 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, Hindustan Coopbk-Pmgp Cly,Mankhurd, Greater Bombay
Here are some of the key details that come with the IFSC Code SVCB0001012 of The Shamrao Vithal Cooperative Bank for its branch located in Greater Bombay, within the district of Mumbai in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | The Shamrao Vithal Cooperative Bank |
| IFSC Code | SVCB0001012 |
| Branch | Hindustan Coopbk-Pmgp Cly,Mankhurd |
| City | Greater Bombay |
| District | Mumbai |
| State | Maharashtra |
| Address | Shop No.392, Mohite Patil Nagar, J.B. Bhosale Road, Mankhurd Panvel Link Road, Mankhurd, Mumbai 400 043. |
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 SVCB0001012 for the Hindustan Coopbk-Pmgp Cly,Mankhurd 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including The Shamrao Vithal Cooperative Bank located in Hindustan Coopbk-Pmgp Cly,Mankhurd, Greater Bombay, Maharashtra, is provided a unique IFSC like SVCB0001012 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the The Shamrao Vithal Cooperative Bank branch in Greater Bombay.
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Greater Bombay and Mumbai.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Maharashtra and the rest of India, the IFSC Code ensures that transactions meant for The Shamrao Vithal Cooperative Bank in Hindustan Coopbk-Pmgp Cly,Mankhurd do not get misguided to another person.
Format of the IFSC Code SVCB0001012
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 Hindustan Coopbk-Pmgp Cly,Mankhurd in Greater Bombay.
For example, the IFSC Code SVCB0001012 of The Shamrao Vithal Cooperative Bank for the Hindustan Coopbk-Pmgp Cly,Mankhurd branch has these elements, identifying the bank and the branch location in Greater Bombay and Maharashtra correctly.
How to Find IFSC Code for The Shamrao Vithal Cooperative Bank?
If you are trying to find the IFSC Code SVCB0001012 of The Shamrao Vithal Cooperative Bank for its Hindustan Coopbk-Pmgp Cly,Mankhurd 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
You can easily find the IFSC and MICR codes because most banks, including The Shamrao Vithal Cooperative Bank branches in Greater Bombay and Mumbai, print them 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 Hindustan Coopbk-Pmgp Cly,Mankhurd or Greater Bombay to get the exact IFSC Code SVCB0001012.
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 SVCB0001012 for Online Transfers?
Once you have the IFSC Code SVCB0001012 for the Hindustan Coopbk-Pmgp Cly,Mankhurd branch of The Shamrao Vithal Cooperative Bank in Greater Bombay, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SVCB0001012. 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 SVCB0001012.
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 Hindustan Coopbk-Pmgp Cly,Mankhurd in Greater Bombay 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 Hindustan Coopbk-Pmgp Cly,Mankhurd, 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 SVCB0001012.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Shop No.392, Mohite Patil Nagar, J.B. Bhosale Road, Mankhurd Panvel Link Road, Mankhurd, Mumbai 400 043. located in Greater Bombay, Mumbai, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.