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 The Lasalgaon Merchants Co-Op Bank Ltd-Main Lasalgaon branch in Nashik, Lasalgaon, or Maharashtra, 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 Nashik or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SVCB0036002. 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 Lasalgaon Merchants Co-Op Bank Ltd-Main Lasalgaon, Nashik

Here are some of the key details that come with the IFSC Code SVCB0036002 of The Shamrao Vithal Cooperative Bank for its branch located in Nashik, within the district of Lasalgaon in the state of Maharashtra.

Particulars Details
Bank The Shamrao Vithal Cooperative Bank
IFSC Code SVCB0036002
Branch The Lasalgaon Merchants Co-Op Bank Ltd-Main Lasalgaon
City Nashik
District Lasalgaon
State Maharashtra
Address Apekshapurti, 79, M G Road - Tal Niphad - 422 306

These details are crucial, not just for online banking users but also for businesses and individuals who use The Shamrao Vithal Cooperative Bank in Nashik for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SVCB0036002 for the The Lasalgaon Merchants Co-Op Bank Ltd-Main Lasalgaon 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, 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 The Lasalgaon Merchants Co-Op Bank Ltd-Main Lasalgaon, Nashik, Maharashtra, is provided a unique IFSC like SVCB0036002 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 Nashik.
  • 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 Nashik and Lasalgaon.
  • 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 The Lasalgaon Merchants Co-Op Bank Ltd-Main Lasalgaon do not get misguided to another person.

Format of the IFSC Code SVCB0036002

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 Lasalgaon Merchants Co-Op Bank Ltd-Main Lasalgaon in Nashik.

For example, the IFSC Code SVCB0036002 of The Shamrao Vithal Cooperative Bank for the The Lasalgaon Merchants Co-Op Bank Ltd-Main Lasalgaon 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?

To find the IFSC Code SVCB0036002 of The Shamrao Vithal Cooperative Bank for its The Lasalgaon Merchants Co-Op Bank Ltd-Main Lasalgaon branch located in Nashik, 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 Nashik and Lasalgaon, 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 The Lasalgaon Merchants Co-Op Bank Ltd-Main Lasalgaon or Nashik to find the exact IFSC Code SVCB0036002.

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 Nashik will provide accurate information.

How to Use IFSC Code SVCB0036002 for Online Transfers?

Once you have the IFSC Code SVCB0036002 for the The Lasalgaon Merchants Co-Op Bank Ltd-Main Lasalgaon branch of The Shamrao Vithal Cooperative Bank in Nashik, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code SVCB0036002. 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 SVCB0036002.

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 The Lasalgaon Merchants Co-Op Bank Ltd-Main Lasalgaon in Nashik, 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 The Lasalgaon Merchants Co-Op Bank Ltd-Main Lasalgaon, 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 Nashik to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of The Shamrao Vithal Cooperative Bank in The Lasalgaon Merchants Co-Op Bank Ltd-Main Lasalgaon, Nashik?

The IFSC Code is SVCB0036002.

Is the IFSC Code SVCB0036002 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 Lasalgaon Merchants Co-Op Bank Ltd-Main Lasalgaon?

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 Lasalgaon Merchants Co-Op Bank Ltd-Main Lasalgaon branch?

The address of the branch is Apekshapurti, 79, M G Road - Tal Niphad - 422 306 located in Nashik, Lasalgaon, 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.