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 The Lasalgaon Merchants Co-Op Bank Ltd-Ugaon branch in Nashik, Ugaon, 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 Nashik or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SVCB0036004. 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, The Lasalgaon Merchants Co-Op Bank Ltd-Ugaon, Nashik

The table below shows the main details of the IFSC Code SVCB0036004 for the The Shamrao Vithal Cooperative Bank branch in Nashik, which falls under the Ugaon district in Maharashtra.

Particulars Details
Bank The Shamrao Vithal Cooperative Bank
IFSC Code SVCB0036004
Branch The Lasalgaon Merchants Co-Op Bank Ltd-Ugaon
City Nashik
District Ugaon
State Maharashtra
Address Ugaon, Tal Niphad

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 SVCB0036004 for the The Lasalgaon Merchants Co-Op Bank Ltd-Ugaon 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, 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-Ugaon, Nashik, Maharashtra, is provided a unique IFSC like SVCB0036004 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 Ugaon.
  • 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-Ugaon do not get misguided to another person.

Format of the IFSC Code SVCB0036004

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-Ugaon in Nashik.

For example, the IFSC Code SVCB0036004 of The Shamrao Vithal Cooperative Bank for the The Lasalgaon Merchants Co-Op Bank Ltd-Ugaon 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 SVCB0036004 of The Shamrao Vithal Cooperative Bank for its The Lasalgaon Merchants Co-Op Bank Ltd-Ugaon 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 Ugaon, 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-Ugaon or Nashik to find the exact IFSC Code SVCB0036004.

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 SVCB0036004 for Online Transfers?

If you have the IFSC Code SVCB0036004 for the The Lasalgaon Merchants Co-Op Bank Ltd-Ugaon branch of The Shamrao Vithal Cooperative Bank in Nashik, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SVCB0036004. 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 SVCB0036004.

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 The Lasalgaon Merchants Co-Op Bank Ltd-Ugaon in Nashik, it may 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 Lasalgaon Merchants Co-Op Bank Ltd-Ugaon, 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 The Lasalgaon Merchants Co-Op Bank Ltd-Ugaon Nashik?

The IFSC Code of the The Lasalgaon Merchants Co-Op Bank Ltd-Ugaon Nashik branch is SVCB0036004.

Is IFSC Code SVCB0036004 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the The Shamrao Vithal Cooperative Bank The Lasalgaon Merchants Co-Op Bank Ltd-Ugaon branch?

The branch is located at Ugaon, Tal Niphad.

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.