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 Shri Ganesh Sahakari Bk-Sangavi branch in Pune, Sangavi, 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 Pune or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SVCB0019002. 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, Shri Ganesh Sahakari Bk-Sangavi, Pune

Here are the main details that are associated with the IFSC Code SVCB0019002 of The Shamrao Vithal Cooperative Bank for its branch located in Pune, within the district of Sangavi in the state of Maharashtra.

Particulars Details
Bank The Shamrao Vithal Cooperative Bank
IFSC Code SVCB0019002
Branch Shri Ganesh Sahakari Bk-Sangavi
City Pune
District Sangavi
State Maharashtra
Address Sr No 53/1B 2 & 14, Pimple Gurav, New Sangavi, Pune 411061

These details helps users in online banking and for businesses and individuals who use The Shamrao Vithal Cooperative Bank in Pune for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SVCB0019002 for the Shri Ganesh Sahakari Bk-Sangavi branch of The Shamrao Vithal Cooperative Bank plays a vital 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, along with The Shamrao Vithal Cooperative Bank located in Shri Ganesh Sahakari Bk-Sangavi, Pune, Maharashtra, are given a unique IFSC like SVCB0019002 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Pune.
  • 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 Pune and Sangavi.
  • 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 Shri Ganesh Sahakari Bk-Sangavi goes to the correct branch. This is important because The Shamrao Vithal Cooperative Bank has thousands of branches in Maharashtra and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code SVCB0019002

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 Shri Ganesh Sahakari Bk-Sangavi in Pune.

For example, the IFSC Code SVCB0019002 of The Shamrao Vithal Cooperative Bank for the Shri Ganesh Sahakari Bk-Sangavi branch includes these elements, identifying the bank and the branch location in Pune and Maharashtra accurately.

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

If you are looking for the IFSC Code SVCB0019002 of The Shamrao Vithal Cooperative Bank for its Shri Ganesh Sahakari Bk-Sangavi branch located in Pune, 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 Pune and Sangavi, 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 Shri Ganesh Sahakari Bk-Sangavi or Pune to get the exact IFSC Code SVCB0019002.

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 Pune, then it will provide you proper information.

How to Use IFSC Code SVCB0019002 for Online Transfers?

Once you have the IFSC Code SVCB0019002 for the Shri Ganesh Sahakari Bk-Sangavi branch of The Shamrao Vithal Cooperative Bank in Pune, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code SVCB0019002. 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 SVCB0019002.

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 Shri Ganesh Sahakari Bk-Sangavi in Pune, your payment can get delayed or might not go through at all.

Finding the MICR Code

MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of The Shamrao Vithal Cooperative Bank in Shri Ganesh Sahakari Bk-Sangavi, you can find it by any of the following ways:

  • Check the bottom of your cheque leaf.
  • Go to the first page of your passbook.
  • Visit the official The Shamrao Vithal Cooperative Bank website.
  • Search the RBI portal.

Having both IFSC and MICR codes helps account holders in Pune 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 Shri Ganesh Sahakari Bk-Sangavi, Pune?

The IFSC Code is SVCB0019002.

Is the IFSC Code SVCB0019002 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 Shri Ganesh Sahakari Bk-Sangavi?

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 Shri Ganesh Sahakari Bk-Sangavi branch?

The address of the branch is Sr No 53/1B 2 & 14, Pimple Gurav, New Sangavi, Pune 411061 located in Pune, Sangavi, 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.