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 Chiplun Urban Bank-Sangmeshwar branch in Ratnagiri, Sangameshwar, 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 Ratnagiri or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SVCB0006011. 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, Chiplun Urban Bank-Sangmeshwar, Ratnagiri
The table below shows the main details of the IFSC Code SVCB0006011 for the The Shamrao Vithal Cooperative Bank branch in Ratnagiri, which falls under the Sangameshwar district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | The Shamrao Vithal Cooperative Bank |
| IFSC Code | SVCB0006011 |
| Branch | Chiplun Urban Bank-Sangmeshwar |
| City | Ratnagiri |
| District | Sangameshwar |
| State | Maharashtra |
| Address | Bhingarde Complex, Bazarpeth, A/P/Tal.Sangmeshwar Pin Code No. 415611 |
These details helps users in online banking and for businesses and individuals who use The Shamrao Vithal Cooperative Bank in Ratnagiri for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SVCB0006011 for the Chiplun Urban Bank-Sangmeshwar 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including The Shamrao Vithal Cooperative Bank located in Chiplun Urban Bank-Sangmeshwar, Ratnagiri, Maharashtra, is provided a unique IFSC like SVCB0006011 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the The Shamrao Vithal Cooperative Bank branch in Ratnagiri.
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Ratnagiri and Sangameshwar.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Maharashtra and the rest of India, the IFSC Code ensures that transactions meant for The Shamrao Vithal Cooperative Bank in Chiplun Urban Bank-Sangmeshwar do not get misguided to another person.
Format of the IFSC Code SVCB0006011
The format of the IFSC Code for banks, including The Shamrao Vithal Cooperative Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For The Shamrao Vithal Cooperative Bank, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Chiplun Urban Bank-Sangmeshwar in Ratnagiri.
For example, the IFSC Code SVCB0006011 of The Shamrao Vithal Cooperative Bank for the Chiplun Urban Bank-Sangmeshwar branch includes these elements, identifying the bank and the branch location in Ratnagiri and Maharashtra accurately.
How to Find IFSC Code for The Shamrao Vithal Cooperative Bank?
If you are looking for the IFSC Code SVCB0006011 of The Shamrao Vithal Cooperative Bank for its Chiplun Urban Bank-Sangmeshwar branch located in Ratnagiri, 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 Ratnagiri and Sangameshwar, 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 Chiplun Urban Bank-Sangmeshwar or Ratnagiri to get the exact IFSC Code SVCB0006011.
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 Ratnagiri, then it will provide you proper information.
How to Use IFSC Code SVCB0006011 for Online Transfers?
If you have the IFSC Code SVCB0006011 for the Chiplun Urban Bank-Sangmeshwar 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 SVCB0006011. 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 SVCB0006011.
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-Sangmeshwar 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-Sangmeshwar, here are some ways that you can get 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.
If you know both IFSC and MICR codes, then it can help account holders in Ratnagiri manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Chiplun Urban Bank-Sangmeshwar Ratnagiri branch is SVCB0006011.
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 Bhingarde Complex, Bazarpeth, A/P/Tal.Sangmeshwar Pin Code No. 415611.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.