IFSC Code of The Shamrao Vithal Cooperative Bank, Mah. Nagari Sah.Bk-Market Yard, Latur, Maharashtra — SVCB0024002

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 Mah. Nagari Sah.Bk-Market Yard branch in Latur, Latur, 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 Latur or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SVCB0024002. 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, Mah. Nagari Sah.Bk-Market Yard, Latur

Here are some of the key details that come with the IFSC Code SVCB0024002 of The Shamrao Vithal Cooperative Bank for its branch located in Latur, within the district of Latur in the state of Maharashtra.

These details help users in online banking and for businesses and individuals who use The Shamrao Vithal Cooperative Bank in Latur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SVCB0024002 for the Mah. Nagari Sah.Bk-Market Yard 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, 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 Mah. Nagari Sah.Bk-Market Yard, Latur, Maharashtra, is provided a unique IFSC like SVCB0024002 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 Latur.
• 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 Latur and Latur.
• 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 Mah. Nagari Sah.Bk-Market Yard do not get misguided to another person.

Format of the IFSC Code SVCB0024002

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 Mah. Nagari Sah.Bk-Market Yard in Latur.

For example, the IFSC Code SVCB0024002 of The Shamrao Vithal Cooperative Bank for the Mah. Nagari Sah.Bk-Market Yard branch has these elements, identifying the bank and the branch location in Latur and Maharashtra correctly.

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

If you are looking for the IFSC Code SVCB0024002 of The Shamrao Vithal Cooperative Bank for its Mah. Nagari Sah.Bk-Market Yard branch located in Latur, 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 Latur and Latur, 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 Mah. Nagari Sah.Bk-Market Yard or Latur to get the exact IFSC Code SVCB0024002.

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 Latur, then it will provide you proper information.

How to Use IFSC Code SVCB0024002 for Online Transfers?

Once you have the IFSC Code SVCB0024002 for the Mah. Nagari Sah.Bk-Market Yard branch of The Shamrao Vithal Cooperative Bank in Latur, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code SVCB0024002. 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 SVCB0024002.

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 Mah. Nagari Sah.Bk-Market Yard in Latur, your payment can get delayed or might not go through at all.

Finding the MICR Code

MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of The Shamrao Vithal Cooperative Bank in Mah. Nagari Sah.Bk-Market Yard, here are some of the ways 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.

Knowing both IFSC and MICR code can help account holders in Latur manage their online transfers and cheque clearances easily.