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 Appasaheb Birnale Sahakari Bank Ltd- Market Yard- Sangli branch in Sangli, Sangli, 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 Sangli or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SVCB0055003. 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, Appasaheb Birnale Sahakari Bank Ltd- Market Yard- Sangli, Sangli
Here are some of the key details that come with the IFSC Code SVCB0055003 of The Shamrao Vithal Cooperative Bank for its branch located in Sangli, within the district of Sangli in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | The Shamrao Vithal Cooperative Bank |
| IFSC Code | SVCB0055003 |
| Branch | Appasaheb Birnale Sahakari Bank Ltd- Market Yard- Sangli |
| City | Sangli |
| District | Sangli |
| State | Maharashtra |
| Address | Chamber Of Commerce, Market Yard, Sangli 416416 |
These details helps users in online banking and for businesses and individuals who use The Shamrao Vithal Cooperative Bank in Sangli for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SVCB0055003 for the Appasaheb Birnale Sahakari Bank Ltd- Market Yard- Sangli 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, including The Shamrao Vithal Cooperative Bank located in Appasaheb Birnale Sahakari Bank Ltd- Market Yard- Sangli, Sangli, Maharashtra, is provided with a unique IFSC like SVCB0055003 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the The Shamrao Vithal Cooperative Bank branch in Sangli.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Sangli and Sangli.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Maharashtra and the rest of India and the IFSC Code ensures that transactions meant for The Shamrao Vithal Cooperative Bank in Appasaheb Birnale Sahakari Bank Ltd- Market Yard- Sangli do not get mixed with another location.
Format of the IFSC Code SVCB0055003
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 Appasaheb Birnale Sahakari Bank Ltd- Market Yard- Sangli in Sangli.
For example, the IFSC Code SVCB0055003 of The Shamrao Vithal Cooperative Bank for the Appasaheb Birnale Sahakari Bank Ltd- Market Yard- Sangli branch has these elements, identifying the bank and the branch location in Sangli and Maharashtra correctly.
How to Find IFSC Code for The Shamrao Vithal Cooperative Bank?
If you are looking for the IFSC Code SVCB0055003 of The Shamrao Vithal Cooperative Bank for its Appasaheb Birnale Sahakari Bank Ltd- Market Yard- Sangli branch located in Sangli, 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 Sangli and Sangli, 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 Appasaheb Birnale Sahakari Bank Ltd- Market Yard- Sangli or Sangli to get the exact IFSC Code SVCB0055003.
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 Sangli, then it will provide you proper information.
How to Use IFSC Code SVCB0055003 for Online Transfers?
Once you have the IFSC Code SVCB0055003 for the Appasaheb Birnale Sahakari Bank Ltd- Market Yard- Sangli branch of The Shamrao Vithal Cooperative Bank in Sangli, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code SVCB0055003. The transfer is completed in batches instead of instantly. It is useful for both 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. Requires the recipient's account details and The Shamrao Vithal Cooperative Bank IFSC Code SVCB0055003.
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 Appasaheb Birnale Sahakari Bank Ltd- Market Yard- Sangli in Sangli, 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 Appasaheb Birnale Sahakari Bank Ltd- Market Yard- Sangli, 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 Sangli to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is SVCB0055003.
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 Chamber Of Commerce, Market Yard, Sangli 416416 located in Sangli, Sangli, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.