For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of The Shamrao Vithal Cooperative Bank for its Tirumala Coop Urb Bk- Medipally branch in Hyderabad, Hyderabad, Telangana, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of The Shamrao Vithal Cooperative Bank located in Hyderabad or anywhere in Telangana can transfer funds instantly by using the correct IFSC Code SVCB0028003. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for The Shamrao Vithal Cooperative Bank, Tirumala Coop Urb Bk- Medipally, Hyderabad
Here are the main details that are associated with the IFSC Code SVCB0028003 of The Shamrao Vithal Cooperative Bank for its branch located in Hyderabad, within the district of Hyderabad in the state of Telangana.
| Particulars | Details |
|---|---|
| Bank | The Shamrao Vithal Cooperative Bank |
| IFSC Code | SVCB0028003 |
| Branch | Tirumala Coop Urb Bk- Medipally |
| City | Hyderabad |
| District | Hyderabad |
| State | Telangana |
| Address | Plot No 10, 11, Ward No 13, Sai Nagar Colony, Opp Pillar No 103, Lane Opp To Hanuman Temple, Medipally, Hyderabad - 500098, Ts. |
These details helps users in online banking and for businesses and individuals who use The Shamrao Vithal Cooperative Bank in Hyderabad for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SVCB0028003 for the Tirumala Coop Urb Bk- Medipally 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, including The Shamrao Vithal Cooperative Bank located in Tirumala Coop Urb Bk- Medipally, Hyderabad, Telangana, is provided with a unique IFSC like SVCB0028003 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 Hyderabad.
- 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 Hyderabad and Hyderabad.
- 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 Telangana and the rest of India and the IFSC Code ensures that transactions meant for The Shamrao Vithal Cooperative Bank in Tirumala Coop Urb Bk- Medipally do not get mixed with another location.
Format of the IFSC Code SVCB0028003
This is the format of the IFSC Code for banks, including The Shamrao Vithal Cooperative Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For The Shamrao Vithal Cooperative Bank, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Tirumala Coop Urb Bk- Medipally in Hyderabad.
For example, the IFSC Code SVCB0028003 of The Shamrao Vithal Cooperative Bank for the Tirumala Coop Urb Bk- Medipally branch includes these elements, identifying the bank and the branch location in Hyderabad and Telangana accurately.
How to Find IFSC Code for The Shamrao Vithal Cooperative Bank?
If you are looking for the IFSC Code SVCB0028003 of The Shamrao Vithal Cooperative Bank for its Tirumala Coop Urb Bk- Medipally branch located in Hyderabad, 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 Hyderabad and Hyderabad, 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 Tirumala Coop Urb Bk- Medipally or Hyderabad to get the exact IFSC Code SVCB0028003.
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 Hyderabad, then it will provide you proper information.
How to Use IFSC Code SVCB0028003 for Online Transfers?
Once you have the IFSC Code SVCB0028003 for the Tirumala Coop Urb Bk- Medipally branch of The Shamrao Vithal Cooperative Bank in Hyderabad, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code SVCB0028003. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹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 SVCB0028003.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the The Shamrao Vithal Cooperative Bank Tirumala Coop Urb Bk- Medipally in Hyderabad, your payment can get delayed or might not go through at all.
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 Tirumala Coop Urb Bk- Medipally, 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 Hyderabad manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is SVCB0028003.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Plot No 10, 11, Ward No 13, Sai Nagar Colony, Opp Pillar No 103, Lane Opp To Hanuman Temple, Medipally, Hyderabad - 500098, Ts. located in Hyderabad, Hyderabad, Telangana.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
