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 Hindustan Coop Bk-Kamothe branch in Raigad, Kamothe, 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 Raigad or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SVCB0001015. 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, Hindustan Coop Bk-Kamothe, Raigad
Below in the table are the key details related to IFSC Code SVCB0001015 of The Shamrao Vithal Cooperative Bank for its branch located in Raigad, within the district of Kamothe in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | The Shamrao Vithal Cooperative Bank |
| IFSC Code | SVCB0001015 |
| Branch | Hindustan Coop Bk-Kamothe |
| City | Raigad |
| District | Kamothe |
| State | Maharashtra |
| Address | Shri Yogeshwar Complex, Vimum Tower, Building No.1, First Floor, Sector 12, Plot No.1, Kamothe, Navi Mumbai |
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 Raigad for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SVCB0001015 for the Hindustan Coop Bk-Kamothe 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 Hindustan Coop Bk-Kamothe, Raigad, Maharashtra, are allotted a unique IFSC like SVCB0001015 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Raigad.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Raigad and Kamothe.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to The Shamrao Vithal Cooperative Bank in Hindustan Coop Bk-Kamothe reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code SVCB0001015
The format of the IFSC Code for banks, including The Shamrao Vithal Cooperative Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For The Shamrao Vithal Cooperative Bank, these letters represent the bank's short name.
- 5th character: Is always zero and is kept for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Hindustan Coop Bk-Kamothe in Raigad.
For example, the IFSC Code SVCB0001015 of The Shamrao Vithal Cooperative Bank for the Hindustan Coop Bk-Kamothe branch includes these elements, identifying the bank and the branch location in Raigad and Maharashtra accurately.
How to Find IFSC Code for The Shamrao Vithal Cooperative Bank?
If you are looking for the IFSC Code SVCB0001015 of The Shamrao Vithal Cooperative Bank for its Hindustan Coop Bk-Kamothe branch located in Raigad, 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 Raigad and Kamothe, 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 Hindustan Coop Bk-Kamothe or Raigad to get the exact IFSC Code SVCB0001015.
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 Raigad, then it will provide you proper information.
How to Use IFSC Code SVCB0001015 for Online Transfers?
Once you have the IFSC Code SVCB0001015 for the Hindustan Coop Bk-Kamothe branch of The Shamrao Vithal Cooperative Bank in Raigad, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code SVCB0001015. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹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 SVCB0001015.
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 Hindustan Coop Bk-Kamothe in Raigad, your payment can get delayed or might not go through at all.
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 Hindustan Coop Bk-Kamothe, 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 Raigad to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is SVCB0001015.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Shri Yogeshwar Complex, Vimum Tower, Building No.1, First Floor, Sector 12, Plot No.1, Kamothe, Navi Mumbai located in Raigad, Kamothe, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.