There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of The Shamrao Vithal Cooperative Bank for its Omprakash Deora Peoples Coop Bk Hingoli-Nirmal branch in Nirmal, Nirmal, Telangana, then this comprehensive guide will provide you with detailed information.

The banking system in India has changed over time, and today the customers of The Shamrao Vithal Cooperative Bank situated in Nirmal or anywhere in Telangana can easily transfer funds instantly by using the correct IFSC Code SVCB0009032. You should 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, Omprakash Deora Peoples Coop Bk Hingoli-Nirmal, Nirmal

Below in the table are the key details related to IFSC Code SVCB0009032 of The Shamrao Vithal Cooperative Bank for its branch located in Nirmal, within the district of Nirmal in the state of Telangana.

Particulars Details
Bank The Shamrao Vithal Cooperative Bank
IFSC Code SVCB0009032
Branch Omprakash Deora Peoples Coop Bk Hingoli-Nirmal
City Nirmal
District Nirmal
State Telangana
Address D No 8-1-16/1/2 Shanthu Nagar, X Road, Nirmal- 504106

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 Nirmal for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SVCB0009032 for the Omprakash Deora Peoples Coop Bk Hingoli-Nirmal 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 Omprakash Deora Peoples Coop Bk Hingoli-Nirmal, Nirmal, Telangana, are given a unique IFSC like SVCB0009032 to ensure that online payments reach the right destination.

The IFSC Code is important because:

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

It helps ensure that any money sent to The Shamrao Vithal Cooperative Bank in Omprakash Deora Peoples Coop Bk Hingoli-Nirmal goes to the correct branch. This is important because The Shamrao Vithal Cooperative Bank has thousands of branches in Telangana and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code SVCB0009032

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 Omprakash Deora Peoples Coop Bk Hingoli-Nirmal in Nirmal.

For example, the IFSC Code SVCB0009032 of The Shamrao Vithal Cooperative Bank for the Omprakash Deora Peoples Coop Bk Hingoli-Nirmal branch includes these elements, identifying the bank and the branch location in Nirmal and Telangana accurately.

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

If you are looking for the IFSC Code SVCB0009032 of The Shamrao Vithal Cooperative Bank for its Omprakash Deora Peoples Coop Bk Hingoli-Nirmal branch located in Nirmal, the following methods can help:

Cheque Book

The cheque book that is issued by The Shamrao Vithal Cooperative Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.

Passbook

Most of the banks, including The Shamrao Vithal Cooperative Bank branches in Nirmal and Nirmal, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

You can visit the official website of The Shamrao Vithal Cooperative Bank and look for the branch locator section, then search for Omprakash Deora Peoples Coop Bk Hingoli-Nirmal or Nirmal to get the exact IFSC Code SVCB0009032.

Mobile Banking App

If you use The Shamrao Vithal Cooperative Bank's mobile app, you can check your account details to easily find your branch's IFSC code.

RBI Website

The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for The Shamrao Vithal Cooperative Bank and Nirmal, then it will provide you proper information.

How to Use IFSC Code SVCB0009032 for Online Transfers?

Once you have the IFSC Code SVCB0009032 for the Omprakash Deora Peoples Coop Bk Hingoli-Nirmal branch of The Shamrao Vithal Cooperative Bank in Nirmal, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SVCB0009032. Transfers are processed in batches. This is 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. Requires the recipient's account details and The Shamrao Vithal Cooperative Bank IFSC Code SVCB0009032.

Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for The Shamrao Vithal Cooperative Bank Omprakash Deora Peoples Coop Bk Hingoli-Nirmal in Nirmal 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 Omprakash Deora Peoples Coop Bk Hingoli-Nirmal, 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 Nirmal 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 Omprakash Deora Peoples Coop Bk Hingoli-Nirmal Nirmal?

The IFSC Code of the Omprakash Deora Peoples Coop Bk Hingoli-Nirmal Nirmal branch is SVCB0009032.

Is IFSC Code SVCB0009032 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 Omprakash Deora Peoples Coop Bk Hingoli-Nirmal branch?

The branch is located at D No 8-1-16/1/2 Shanthu Nagar, X Road, Nirmal- 504106.

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.