IFSC Code of The Shamrao Vithal Cooperative Bank, The Revdanda Co-Op Urban Bank Ltd- Poynad, Poynad, Maharashtra — SVCB0042005

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 The Revdanda Co-Op Urban Bank Ltd- Poynad branch in Raigad, Poynad, Maharashtra, 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 Raigad or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code SVCB0042005. 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, The Revdanda Co-Op Urban Bank Ltd- Poynad, Raigad

Here are the key points that are associated with the IFSC Code SVCB0042005 of The Shamrao Vithal Cooperative Bank for its branch located in Raigad, within the district of Poynad in the state of Maharashtra.

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 SVCB0042005 for the The Revdanda Co-Op Urban Bank Ltd- Poynad 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 that is provided by the Reserve Bank of India. A unique IFSC like SVCB0042005 is given to every bank branch, including The Shamrao Vithal Cooperative Bank located in The Revdanda Co-Op Urban Bank Ltd- Poynad, Raigad, 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 Raigad.
• 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 Raigad and Poynad.
• 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 The Revdanda Co-Op Urban Bank Ltd- Poynad doesn't end up at another location.

Format of the IFSC Code SVCB0042005

The format of the IFSC Code for banks, including The Shamrao Vithal Cooperative Bank, has 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 The Revdanda Co-Op Urban Bank Ltd- Poynad in Raigad.

For example, the IFSC Code SVCB0042005 of The Shamrao Vithal Cooperative Bank for the The Revdanda Co-Op Urban Bank Ltd- Poynad branch includes 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 SVCB0042005 of The Shamrao Vithal Cooperative Bank for its The Revdanda Co-Op Urban Bank Ltd- Poynad 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 Poynad, 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 The Revdanda Co-Op Urban Bank Ltd- Poynad or Raigad to get the exact IFSC Code SVCB0042005.

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 SVCB0042005 for Online Transfers?

Once you have the IFSC Code SVCB0042005 for the The Revdanda Co-Op Urban Bank Ltd- Poynad 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 SVCB0042005. 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 SVCB0042005.

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 The Revdanda Co-Op Urban Bank Ltd- Poynad 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 The Revdanda Co-Op Urban Bank Ltd- Poynad, 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.