The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of The Shamrao Vithal Cooperative Bank for its Sree Narayan Guru Coop Bk-Chembur branch in Greater Bombay, Mumbai, Maharashtra, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today 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 SVCB0020002. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for The Shamrao Vithal Cooperative Bank, Sree Narayan Guru Coop Bk-Chembur, Greater Bombay
The table below shows the main details of the IFSC Code SVCB0020002 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 | SVCB0020002 |
| Branch | Sree Narayan Guru Coop Bk-Chembur |
| City | Greater Bombay |
| District | Mumbai |
| State | Maharashtra |
| Address | Sree Narayan Nagar, P.L. Lokhande Marg, Chembur (W), Mumbai- 400089 |
These details help 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 SVCB0020002 for the Sree Narayan Guru Coop Bk-Chembur branch of The Shamrao Vithal Cooperative Bank has a very 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, including The Shamrao Vithal Cooperative Bank located in Sree Narayan Guru Coop Bk-Chembur, Greater Bombay, Maharashtra, is provided with a unique IFSC like SVCB0020002 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the The Shamrao Vithal Cooperative Bank branch in Greater Bombay.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Greater Bombay and Mumbai.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Maharashtra and the rest of India and the IFSC Code ensures that transactions meant for The Shamrao Vithal Cooperative Bank in Sree Narayan Guru Coop Bk-Chembur do not get mixed with another location.
Format of the IFSC Code SVCB0020002
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 Sree Narayan Guru Coop Bk-Chembur in Greater Bombay.
For example, the IFSC Code SVCB0020002 of The Shamrao Vithal Cooperative Bank for the Sree Narayan Guru Coop Bk-Chembur 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 looking for the IFSC Code SVCB0020002 of The Shamrao Vithal Cooperative Bank for its Sree Narayan Guru Coop Bk-Chembur branch located in Greater Bombay, the following methods can help:
Cheque Book
The cheque book that is issued by The Shamrao Vithal Cooperative Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including The Shamrao Vithal Cooperative Bank branches in Greater Bombay and Mumbai, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of The Shamrao Vithal Cooperative Bank and look for the branch locator section, then search for Sree Narayan Guru Coop Bk-Chembur or Greater Bombay to get the exact IFSC Code SVCB0020002.
Mobile Banking App
If you use The Shamrao Vithal Cooperative Bank's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for The Shamrao Vithal Cooperative Bank and Greater Bombay, then it will provide you proper information.
How to Use IFSC Code SVCB0020002 for Online Transfers?
Once you have the IFSC Code SVCB0020002 for the Sree Narayan Guru Coop Bk-Chembur 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 SVCB0020002. 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 SVCB0020002.
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 Sree Narayan Guru Coop Bk-Chembur 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 Sree Narayan Guru Coop Bk-Chembur, here are some ways that 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.
If you know both IFSC and MICR codes, then it can help account holders in Greater Bombay manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Sree Narayan Guru Coop Bk-Chembur Greater Bombay branch is SVCB0020002.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Sree Narayan Nagar, P.L. Lokhande Marg, Chembur (W), Mumbai- 400089.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.