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 Sahyadri Sahakari Bank-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 SVCB0013007. 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, Sahyadri Sahakari Bank-Kamothe, Raigad
Here are some of the key details that come with the IFSC Code SVCB0013007 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 | SVCB0013007 |
| Branch | Sahyadri Sahakari Bank-Kamothe |
| City | Raigad |
| District | Kamothe |
| State | Maharashtra |
| Address | 3,Plot No. 2 &21, Sector No. 36, Kamothe Navi Mumbai -410209 |
These details helps users in online banking and for businesses and individuals who use The Shamrao Vithal Cooperative Bank in Raigad for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SVCB0013007 for the Sahyadri Sahakari Bank-Kamothe 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 Sahyadri Sahakari Bank-Kamothe, Raigad, Maharashtra, are allotted a unique IFSC like SVCB0013007 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 Sahyadri Sahakari Bank-Kamothe reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code SVCB0013007
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): These represent the bank code. In The Shamrao Vithal Cooperative Bank, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Sahyadri Sahakari Bank-Kamothe in Raigad.
For example, the IFSC Code SVCB0013007 of The Shamrao Vithal Cooperative Bank for the Sahyadri Sahakari Bank-Kamothe branch has these elements, identifying the bank and the branch location in Raigad and Maharashtra correctly.
How to Find IFSC Code for The Shamrao Vithal Cooperative Bank?
If you are trying to find the IFSC Code SVCB0013007 of The Shamrao Vithal Cooperative Bank for its Sahyadri Sahakari Bank-Kamothe branch located in Raigad, 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 Raigad and Kamothe, 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 Sahyadri Sahakari Bank-Kamothe or Raigad to get the exact IFSC Code SVCB0013007.
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 Raigad that will provide accurate information.
How to Use IFSC Code SVCB0013007 for Online Transfers?
Once you have the IFSC Code SVCB0013007 for the Sahyadri Sahakari Bank-Kamothe branch of The Shamrao Vithal Cooperative Bank in Raigad, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SVCB0013007. 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 SVCB0013007.
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 Sahyadri Sahakari Bank-Kamothe in Raigad, 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 Sahyadri Sahakari Bank-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 SVCB0013007.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is 3,Plot No. 2 &21, Sector No. 36, Kamothe Navi Mumbai -410209 located in Raigad, Kamothe, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.