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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of The Shamrao Vithal Cooperative Bank for its Chiplun Urban Bank- Khed branch in Ratnagiri, Khed, Maharashtra, then this guide will give you detailed information.
The banking system has evolved significantly in India, and today the customers of The Shamrao Vithal Cooperative Bank located in Ratnagiri or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SVCB0006020. 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, Chiplun Urban Bank- Khed, Ratnagiri
The table below shows the main details of the IFSC Code SVCB0006020 for the The Shamrao Vithal Cooperative Bank branch in Ratnagiri, which falls under the Khed district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | The Shamrao Vithal Cooperative Bank |
| IFSC Code | SVCB0006020 |
| Branch | Chiplun Urban Bank- Khed |
| City | Ratnagiri |
| District | Khed |
| State | Maharashtra |
| Address | Ground Floor Gala, Shiv Ganesh Building, Khed- Dapoli Road, Khed, Ratnagiri- 415709 |
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 Ratnagiri for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SVCB0006020 for the Chiplun Urban Bank- Khed 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 Chiplun Urban Bank- Khed, Ratnagiri, Maharashtra, are allotted a unique IFSC like SVCB0006020 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Ratnagiri.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Ratnagiri and Khed.
- 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 Chiplun Urban Bank- Khed reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code SVCB0006020
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 Chiplun Urban Bank- Khed in Ratnagiri.
For example, the IFSC Code SVCB0006020 of The Shamrao Vithal Cooperative Bank for the Chiplun Urban Bank- Khed branch has these elements, identifying the bank and the branch location in Ratnagiri and Maharashtra correctly.
How to Find IFSC Code for The Shamrao Vithal Cooperative Bank?
If you are trying to find the IFSC Code SVCB0006020 of The Shamrao Vithal Cooperative Bank for its Chiplun Urban Bank- Khed branch located in Ratnagiri, 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 Ratnagiri and Khed, 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 Chiplun Urban Bank- Khed or Ratnagiri to get the exact IFSC Code SVCB0006020.
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 Ratnagiri, you'll get the correct details.
How to Use IFSC Code SVCB0006020 for Online Transfers?
If you have the IFSC Code SVCB0006020 for the Chiplun Urban Bank- Khed branch of The Shamrao Vithal Cooperative Bank in Ratnagiri, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SVCB0006020. 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 SVCB0006020.
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 Chiplun Urban Bank- Khed in Ratnagiri, it may 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 Chiplun Urban Bank- Khed, 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 Ratnagiri to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Chiplun Urban Bank- Khed Ratnagiri branch is SVCB0006020.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Ground Floor Gala, Shiv Ganesh Building, Khed- Dapoli Road, Khed, Ratnagiri- 415709.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.