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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of The Shamrao Vithal Cooperative Bank for its Jodhpur branch in Jodhpur, Jodhpur, or Rajasthan, this guide will help you with all the details.

There have been major changes in the banking sector in India and today, the customers of The Shamrao Vithal Cooperative Bank located in Jodhpur or anywhere in Rajasthan can transfer funds instantly by using the correct IFSC Code SVCB0000248. 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, Jodhpur, Jodhpur

Here are the key points that are associated with the IFSC Code SVCB0000248 of The Shamrao Vithal Cooperative Bank for its branch located in Jodhpur, within the district of Jodhpur in the state of Rajasthan.

Particulars Details
Bank The Shamrao Vithal Cooperative Bank
IFSC Code SVCB0000248
Branch Jodhpur
City Jodhpur
District Jodhpur
State Rajasthan
Address Ground Floor, Shree Pratap Tower, 654/A/B, Jaljog Circle, Jodhpur- 342001, Rajasthan

These details help users in online banking and for businesses and individuals who use The Shamrao Vithal Cooperative Bank in Jodhpur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SVCB0000248 for the Jodhpur 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 that is provided by the Reserve Bank of India. A unique IFSC like SVCB0000248 is given to every bank branch, including The Shamrao Vithal Cooperative Bank located in Jodhpur, Jodhpur, Rajasthan, to make sure that online payments reach the right place.

The IFSC Code is important because:

  • It uniquely identifies the The Shamrao Vithal Cooperative Bank branch in Jodhpur.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any kind of confusion between multiple branches of the same bank across different places like Jodhpur and Jodhpur.
  • It removes errors in fund transfers and improves accuracy.
  • It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Rajasthan and the rest of India, which is why the IFSC Code ensures that transactions meant for The Shamrao Vithal Cooperative Bank in Jodhpur doesn't end up at another location.

Format of the IFSC Code SVCB0000248

The format of the IFSC Code for banks, including The Shamrao Vithal Cooperative Bank, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown of this:

  • First 4 characters (AAAA): Represent the bank code. For The Shamrao Vithal Cooperative Bank, these characters are the bank's short identifier.
  • 5th character (0): Always zero which is reserved for future use.
  • Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Jodhpur in Jodhpur.

For example, the IFSC Code SVCB0000248 of The Shamrao Vithal Cooperative Bank for the Jodhpur branch includes these elements, identifying the bank and the branch location in Jodhpur and Rajasthan accurately.

How to Find IFSC Code for The Shamrao Vithal Cooperative Bank?

If you are trying to find the IFSC Code SVCB0000248 of The Shamrao Vithal Cooperative Bank for its Jodhpur branch located in Jodhpur, 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 Jodhpur and Jodhpur, 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 Jodhpur or Jodhpur to get the exact IFSC Code SVCB0000248.

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 Jodhpur, you'll get the correct details.

How to Use IFSC Code SVCB0000248 for Online Transfers?

Once you have the IFSC Code SVCB0000248 for the Jodhpur branch of The Shamrao Vithal Cooperative Bank in Jodhpur, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code SVCB0000248. The transfer is completed in batches instead of instantly. It is useful for both 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 SVCB0000248.

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 Jodhpur in Jodhpur, your payment can get delayed or might not go through at all.

Finding the MICR Code

MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of The Shamrao Vithal Cooperative Bank in Jodhpur, you can find it by any of the following ways:

  • Check the bottom of your cheque leaf.
  • Go to the first page of your passbook.
  • Visit the official The Shamrao Vithal Cooperative Bank website.
  • Search the RBI portal.

Having both IFSC and MICR codes helps account holders in Jodhpur manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of The Shamrao Vithal Cooperative Bank in Jodhpur, Jodhpur?

The IFSC Code is SVCB0000248.

Is the IFSC Code SVCB0000248 permanent?

Yes, but there can be changes during mergers or restructuring.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and the IFSC is for online transfers.

Where can I find the IFSC Code of The Shamrao Vithal Cooperative Bank Jodhpur?

You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Jodhpur branch?

The address of the branch is Ground Floor, Shree Pratap Tower, 654/A/B, Jaljog Circle, Jodhpur- 342001, Rajasthan located in Jodhpur, Jodhpur, Rajasthan.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.