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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of The Shamrao Vithal Cooperative Bank for its Arvind Sahkri Bk Ltd-Digdoh,Hingna branch in Nagpur, Hingna, Maharashtra, then this guide will give you detailed information.
The banking system has evolved significantly in India, and today the customers of The Shamrao Vithal Cooperative Bank located in Nagpur or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SVCB0015002. 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, Arvind Sahkri Bk Ltd-Digdoh,Hingna, Nagpur
Below in the table are the key details related to IFSC Code SVCB0015002 of The Shamrao Vithal Cooperative Bank for its branch located in Nagpur, within the district of Hingna in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | The Shamrao Vithal Cooperative Bank |
| IFSC Code | SVCB0015002 |
| Branch | Arvind Sahkri Bk Ltd-Digdoh,Hingna |
| City | Nagpur |
| District | Hingna |
| State | Maharashtra |
| Address | Radake Layout, Hingna Road, Digdoh , ┬Ánagpur 440016 |
These details are crucial, not just for online banking users but also for businesses and individuals who use The Shamrao Vithal Cooperative Bank in Nagpur for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SVCB0015002 for the Arvind Sahkri Bk Ltd-Digdoh,Hingna branch of The Shamrao Vithal Cooperative Bank has an 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 SVCB0015002 is given to every bank branch, including The Shamrao Vithal Cooperative Bank located in Arvind Sahkri Bk Ltd-Digdoh,Hingna, Nagpur, Maharashtra, 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 Nagpur.
- 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 Nagpur and Hingna.
- 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 Maharashtra and the rest of India, which is why the IFSC Code ensures that transactions meant for The Shamrao Vithal Cooperative Bank in Arvind Sahkri Bk Ltd-Digdoh,Hingna doesn't end up at another location.
Format of the IFSC Code SVCB0015002
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 Arvind Sahkri Bk Ltd-Digdoh,Hingna in Nagpur.
For example, the IFSC Code SVCB0015002 of The Shamrao Vithal Cooperative Bank for the Arvind Sahkri Bk Ltd-Digdoh,Hingna branch has these elements, identifying the bank and the branch location in Nagpur and Maharashtra correctly.
How to Find IFSC Code for The Shamrao Vithal Cooperative Bank?
To find the IFSC Code SVCB0015002 of The Shamrao Vithal Cooperative Bank for its Arvind Sahkri Bk Ltd-Digdoh,Hingna branch located in Nagpur, the following methods can help you out:
Cheque Book
The cheque book issued by The Shamrao Vithal Cooperative Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including The Shamrao Vithal Cooperative Bank branches in Nagpur and Hingna, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of The Shamrao Vithal Cooperative Bank and go to the branch locator section. Then search for Arvind Sahkri Bk Ltd-Digdoh,Hingna or Nagpur to find the exact IFSC Code SVCB0015002.
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 maintains an updated database of all IFSC codes. Searching for The Shamrao Vithal Cooperative Bank and Nagpur will provide accurate information.
How to Use IFSC Code SVCB0015002 for Online Transfers?
Once you have the IFSC Code SVCB0015002 for the Arvind Sahkri Bk Ltd-Digdoh,Hingna branch of The Shamrao Vithal Cooperative Bank in Nagpur, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code SVCB0015002. 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 SVCB0015002.
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 Arvind Sahkri Bk Ltd-Digdoh,Hingna in Nagpur, 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 Arvind Sahkri Bk Ltd-Digdoh,Hingna, 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 Nagpur to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is SVCB0015002.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Radake Layout, Hingna Road, Digdoh , ┬Ánagpur 440016 located in Nagpur, Hingna, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.