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-Vadali Bhoi branch in Nashik, Vadali Bhoi, 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 SVCB0036003. 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-Vadali Bhoi, Nashik

Here are some of the key details that come with the IFSC Code SVCB0036003 of The Shamrao Vithal Cooperative Bank for its branch located in Nashik, within the district of Vadali Bhoi in the state of Maharashtra.

Particulars Details
Bank The Shamrao Vithal Cooperative Bank
IFSC Code SVCB0036003
Branch The Lasalgaon Merchants Co-Op Bank Ltd-Vadali Bhoi
City Nashik
District Vadali Bhoi
State Maharashtra
Address Bazarpeth, Vadali Bhoi

These details help users in online banking and for businesses and individuals who use The Shamrao Vithal Cooperative Bank in Nashik for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SVCB0036003 for the The Lasalgaon Merchants Co-Op Bank Ltd-Vadali Bhoi branch of The Shamrao Vithal Cooperative Bank has a very important role.

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, including The Shamrao Vithal Cooperative Bank located in The Lasalgaon Merchants Co-Op Bank Ltd-Vadali Bhoi, Nashik, Maharashtra, is provided with a unique IFSC like SVCB0036003 to ensure that online payments reach the right destination.

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 errors or confusions between multiple branches of the same bank across different places like Nashik and Vadali Bhoi.
  • It reduces errors in fund transfers and improves accuracy.
  • It allows sender banks to validate and confirm branch details before processing payments.

There are thousands of branches across Maharashtra and the rest of India and the IFSC Code ensures that transactions meant for The Shamrao Vithal Cooperative Bank in The Lasalgaon Merchants Co-Op Bank Ltd-Vadali Bhoi do not get mixed with another location.

Format of the IFSC Code SVCB0036003

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-Vadali Bhoi in Nashik.

For example, the IFSC Code SVCB0036003 of The Shamrao Vithal Cooperative Bank for the The Lasalgaon Merchants Co-Op Bank Ltd-Vadali Bhoi 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 SVCB0036003 of The Shamrao Vithal Cooperative Bank for its The Lasalgaon Merchants Co-Op Bank Ltd-Vadali Bhoi 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 Vadali Bhoi, 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 Lasalgaon Merchants Co-Op Bank Ltd-Vadali Bhoi or Nashik to get the exact IFSC Code SVCB0036003.

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 SVCB0036003 for Online Transfers?

Once you have the IFSC Code SVCB0036003 for the The Lasalgaon Merchants Co-Op Bank Ltd-Vadali Bhoi 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 SVCB0036003. 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 SVCB0036003.

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 Lasalgaon Merchants Co-Op Bank Ltd-Vadali Bhoi 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 Lasalgaon Merchants Co-Op Bank Ltd-Vadali Bhoi, 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-Vadali Bhoi Nashik?

The IFSC Code of the The Lasalgaon Merchants Co-Op Bank Ltd-Vadali Bhoi Nashik branch is SVCB0036003.

Is IFSC Code SVCB0036003 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-Vadali Bhoi branch?

The branch is located at Bazarpeth, Vadali Bhoi.

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.