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 Bharati Sahakari Bank-Bhilwadi branch in Sangli, Palus, 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 SVCB0010017. 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, Bharati Sahakari Bank-Bhilwadi, Sangli
Here are the key points that are associated with the IFSC Code SVCB0010017 of The Shamrao Vithal Cooperative Bank for its branch located in Sangli, within the district of Palus in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | The Shamrao Vithal Cooperative Bank |
| IFSC Code | SVCB0010017 |
| Branch | Bharati Sahakari Bank-Bhilwadi |
| City | Sangli |
| District | Palus |
| State | Maharashtra |
| Address | Agrawal Complex, A/P Bhilwadi, Tal. Palus, Dist. Sangli - 416 303. |
These details help 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 SVCB0010017 for the Bharati Sahakari Bank-Bhilwadi branch of The Shamrao Vithal Cooperative Bank has a very important 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 Bharati Sahakari Bank-Bhilwadi, Sangli, Maharashtra, are given a unique IFSC like SVCB0010017 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Sangli.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Sangli and Palus.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to The Shamrao Vithal Cooperative Bank in Bharati Sahakari Bank-Bhilwadi goes to the correct branch. This is important because The Shamrao Vithal Cooperative Bank has thousands of branches in Maharashtra and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code SVCB0010017
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 Bharati Sahakari Bank-Bhilwadi in Sangli.
For example, the IFSC Code SVCB0010017 of The Shamrao Vithal Cooperative Bank for the Bharati Sahakari Bank-Bhilwadi branch includes 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 SVCB0010017 of The Shamrao Vithal Cooperative Bank for its Bharati Sahakari Bank-Bhilwadi 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 Palus, 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 Bharati Sahakari Bank-Bhilwadi or Sangli to get the exact IFSC Code SVCB0010017.
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 SVCB0010017 for Online Transfers?
Once you have the IFSC Code SVCB0010017 for the Bharati Sahakari Bank-Bhilwadi branch of The Shamrao Vithal Cooperative Bank in Sangli, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SVCB0010017. Transfers are processed in batches. This is 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. Requires the recipient's account details and The Shamrao Vithal Cooperative Bank IFSC Code SVCB0010017.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for The Shamrao Vithal Cooperative Bank Bharati Sahakari Bank-Bhilwadi in Sangli may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of The Shamrao Vithal Cooperative Bank in Bharati Sahakari Bank-Bhilwadi, you can find it by any of the following ways:
- Check the bottom of your cheque leaf.
- Go to the first page of your passbook.
- Visit the official The Shamrao Vithal Cooperative Bank website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Sangli manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is SVCB0010017.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Agrawal Complex, A/P Bhilwadi, Tal. Palus, Dist. Sangli - 416 303. located in Sangli, Palus, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.