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 The Kalwan Merchants Coop Bank Ltd-Abhona┬Á branch in Nashik, Abhona, 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 Nashik or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SVCB0038003. 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, The Kalwan Merchants Coop Bank Ltd-Abhona┬Á, Nashik

The table below shows the main details of the IFSC Code SVCB0038003 for the The Shamrao Vithal Cooperative Bank branch in Nashik, which falls under the Abhona district in Maharashtra.

Particulars Details
Bank The Shamrao Vithal Cooperative Bank
IFSC Code SVCB0038003
Branch The Kalwan Merchants Coop Bank Ltd-Abhona┬Á
City Nashik
District Abhona
State Maharashtra
Address Main Road, Abhona At/Post-Abhona,Tal-Kalwan, Dist-Nashik - 423 502

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 Nashik for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SVCB0038003 for the The Kalwan Merchants Coop Bank Ltd-Abhona┬Á 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 that is provided by the Reserve Bank of India. A unique IFSC like SVCB0038003 is given to every bank branch, including The Shamrao Vithal Cooperative Bank located in The Kalwan Merchants Coop Bank Ltd-Abhona┬Á, Nashik, 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 Nashik.
  • 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 Nashik and Abhona.
  • 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 The Kalwan Merchants Coop Bank Ltd-Abhona┬Á doesn't end up at another location.

Format of the IFSC Code SVCB0038003

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 The Kalwan Merchants Coop Bank Ltd-Abhona┬Á in Nashik.

For example, the IFSC Code SVCB0038003 of The Shamrao Vithal Cooperative Bank for the The Kalwan Merchants Coop Bank Ltd-Abhona┬Á branch includes these elements, identifying the bank and the branch location in Nashik and Maharashtra accurately.

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

If you are trying to find the IFSC Code SVCB0038003 of The Shamrao Vithal Cooperative Bank for its The Kalwan Merchants Coop Bank Ltd-Abhona┬Á branch located in Nashik, the following methods can help:

Cheque Book

The cheque books that are issued by The Shamrao Vithal Cooperative Bank include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.

Passbook

Most banks, including The Shamrao Vithal Cooperative Bank branches in Nashik and Abhona, 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 find the branch locator section. Search for The Kalwan Merchants Coop Bank Ltd-Abhona┬Á or Nashik to get the exact IFSC Code SVCB0038003.

Mobile Banking App

If you use The Shamrao Vithal Cooperative Bank's mobile app, you can easily 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 to help you in searching for The Shamrao Vithal Cooperative Bank and Nashik that will provide accurate information.

How to Use IFSC Code SVCB0038003 for Online Transfers?

Once you have the IFSC Code SVCB0038003 for the The Kalwan Merchants Coop Bank Ltd-Abhona┬Á branch of The Shamrao Vithal Cooperative Bank in Nashik, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SVCB0038003. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. You need the recipient's account details and The Shamrao Vithal Cooperative Bank IFSC Code SVCB0038003.

Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for The Shamrao Vithal Cooperative Bank The Kalwan Merchants Coop Bank Ltd-Abhona┬Á in Nashik, it can result in delayed or failed transactions.

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 The Kalwan Merchants Coop Bank Ltd-Abhona┬Á, 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 Nashik 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 The Kalwan Merchants Coop Bank Ltd-Abhona┬Á, Nashik?

The IFSC Code is SVCB0038003.

Is the IFSC Code SVCB0038003 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of The Shamrao Vithal Cooperative Bank The Kalwan Merchants Coop Bank Ltd-Abhona┬Á?

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

What is the full address of the The Kalwan Merchants Coop Bank Ltd-Abhona┬Á branch?

The address of the branch is Main Road, Abhona At/Post-Abhona,Tal-Kalwan, Dist-Nashik - 423 502 located in Nashik, Abhona, Maharashtra.

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.