IFSC Code of The Shamrao Vithal Cooperative Bank, Vidya Bank-Laxmi Road, Pune, Maharashtra — SVCB0003002

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 Vidya Bank-Laxmi Road branch in Pune, Pune, 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 Pune or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SVCB0003002. 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, Vidya Bank-Laxmi Road, Pune

Below in the table are the key details related to IFSC Code SVCB0003002 of The Shamrao Vithal Cooperative Bank for its branch located in Pune, within the district of Pune in the state of Maharashtra.

These details are essential not only for online banking users but also for businesses and individuals who use The Shamrao Vithal Cooperative Bank in Pune for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SVCB0003002 for the Vidya Bank-Laxmi Road branch of The Shamrao Vithal Cooperative Bank plays an important role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like SVCB0003002 is given to every bank branch, including The Shamrao Vithal Cooperative Bank located in Vidya Bank-Laxmi Road, Pune, Maharashtra, to make sure that online payments reach the right place.

The IFSC Code is important because:

• It uniquely identifies the The Shamrao Vithal Cooperative Bank branch in Pune.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any kind of confusion between multiple branches of the same bank across different places like Pune and Pune.
• It removes errors in fund transfers and improves accuracy.
• It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Maharashtra and the rest of India, which is why the IFSC Code ensures that transactions meant for The Shamrao Vithal Cooperative Bank in Vidya Bank-Laxmi Road doesn't end up at another location.

Format of the IFSC Code SVCB0003002

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 Vidya Bank-Laxmi Road in Pune.

For example, the IFSC Code SVCB0003002 of The Shamrao Vithal Cooperative Bank for the Vidya Bank-Laxmi Road 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 trying to find the IFSC Code SVCB0003002 of The Shamrao Vithal Cooperative Bank for its Vidya Bank-Laxmi Road branch located in Pune, the following methods can help:

Cheque Book

The cheque book issued by The Shamrao Vithal Cooperative Bank includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.

Passbook

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

Bank Website

Visit the official website of The Shamrao Vithal Cooperative Bank and navigate to the branch locator section. Search for Vidya Bank-Laxmi Road or Pune to get the exact IFSC Code SVCB0003002.

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 keeps an updated list of all IFSC codes. If you search for The Shamrao Vithal Cooperative Bank and Pune, you'll get the correct details.

How to Use IFSC Code SVCB0003002 for Online Transfers?

If you have the IFSC Code SVCB0003002 for the Vidya Bank-Laxmi Road branch of The Shamrao Vithal Cooperative Bank in Pune, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SVCB0003002. 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 SVCB0003002.

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 Vidya Bank-Laxmi Road in Pune, it may result in delayed or failed transactions.

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 Vidya Bank-Laxmi Road, 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.