IFSC Code of The Shamrao Vithal Cooperative Bank, Shankar Nagari Sahkari Bk-Nanded, New Mondha, Maharashtra — SVCB0023002

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 Shankar Nagari Sahkari Bk-Nanded branch in Nanded, New Mondha, 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 Nanded or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SVCB0023002. 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, Shankar Nagari Sahkari Bk-Nanded, Nanded

The table below shows the main details of the IFSC Code SVCB0023002 for the The Shamrao Vithal Cooperative Bank branch in Nanded, which falls under the New Mondha district in Maharashtra.

These details are important not only for users using online banking but also for businesses and individuals who use The Shamrao Vithal Cooperative Bank in Nanded for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SVCB0023002 for the Shankar Nagari Sahkari Bk-Nanded branch of The Shamrao Vithal Cooperative Bank is vital.

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, along with The Shamrao Vithal Cooperative Bank located in Shankar Nagari Sahkari Bk-Nanded, Nanded, Maharashtra, are allotted a unique IFSC like SVCB0023002 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It clearly tells which bank branch it is in Nanded.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It prevents confusion between different branches of the same bank in places like Nanded and New Mondha.
• It reduces errors in fund transfers and improves accuracy.
• It helps the sender banks to validate and confirm branch details before processing payments.

It makes sure that money sent to The Shamrao Vithal Cooperative Bank in Shankar Nagari Sahkari Bk-Nanded reaches the right place, even though there are thousands of branches in Maharashtra and across India.

Format of the IFSC Code SVCB0023002

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

AAAA0CCCCCC

Here's the breakdown:

• First 4 characters (AAAA): Show the bank code. For The Shamrao Vithal Cooperative Bank, these letters represent the bank's short name.
• 5th character: Is always zero and is kept for future use.
• Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Shankar Nagari Sahkari Bk-Nanded in Nanded.

For example, the IFSC Code SVCB0023002 of The Shamrao Vithal Cooperative Bank for the Shankar Nagari Sahkari Bk-Nanded branch includes these elements, identifying the bank and the branch location in Nanded and Maharashtra correctly.

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

If you are trying to find the IFSC Code SVCB0023002 of The Shamrao Vithal Cooperative Bank for its Shankar Nagari Sahkari Bk-Nanded branch located in Nanded, 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

You can easily find the IFSC and MICR codes because most banks, including The Shamrao Vithal Cooperative Bank branches in Nanded and New Mondha, print them 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 Shankar Nagari Sahkari Bk-Nanded or Nanded to get the exact IFSC Code SVCB0023002.

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 Nanded, you'll get the correct details.

How to Use IFSC Code SVCB0023002 for Online Transfers?

If you have the IFSC Code SVCB0023002 for the Shankar Nagari Sahkari Bk-Nanded branch of The Shamrao Vithal Cooperative Bank in Nanded, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SVCB0023002. Transfers are processed in batches. 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. Asks for the recipient's account details and The Shamrao Vithal Cooperative Bank IFSC Code SVCB0023002.

Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for The Shamrao Vithal Cooperative Bank Shankar Nagari Sahkari Bk-Nanded in Nanded, it may result in delayed or failed transactions.

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 Shankar Nagari Sahkari Bk-Nanded, 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 Nanded manage online transfers as well as cheque clearances with ease.