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 Bharati Sahakari Bank-Islampur branch in Sangli, Islampur, 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 Sangli or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code SVCB0010018. 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, Bharati Sahakari Bank-Islampur, Sangli

Here are the main details that are associated with the IFSC Code SVCB0010018 of The Shamrao Vithal Cooperative Bank for its branch located in Sangli, within the district of Islampur in the state of Maharashtra.

Particulars Details
Bank The Shamrao Vithal Cooperative Bank
IFSC Code SVCB0010018
Branch Bharati Sahakari Bank-Islampur
City Sangli
District Islampur
State Maharashtra
Address S. No.39/88 B, Shri. Karande Bldg. Islampur, Tal. Walwa, Dist. Sangli - 415 409

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 Sangli for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SVCB0010018 for the Bharati Sahakari Bank-Islampur 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, 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 Bharati Sahakari Bank-Islampur, Sangli, Maharashtra, is provided a unique IFSC like SVCB0010018 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 Sangli.
  • 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 Sangli and Islampur.
  • 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 Bharati Sahakari Bank-Islampur do not get misguided to another person.

Format of the IFSC Code SVCB0010018

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): 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-Islampur in Sangli.

For example, the IFSC Code SVCB0010018 of The Shamrao Vithal Cooperative Bank for the Bharati Sahakari Bank-Islampur branch includes these elements, identifying the bank and the branch location in Sangli and Maharashtra accurately.

How to Find IFSC Code for The Shamrao Vithal Cooperative Bank?

If you are trying to find the IFSC Code SVCB0010018 of The Shamrao Vithal Cooperative Bank for its Bharati Sahakari Bank-Islampur branch located in Sangli, 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 Sangli and Islampur, 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 Bharati Sahakari Bank-Islampur or Sangli to get the exact IFSC Code SVCB0010018.

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 Sangli that will provide accurate information.

How to Use IFSC Code SVCB0010018 for Online Transfers?

Once you have the IFSC Code SVCB0010018 for the Bharati Sahakari Bank-Islampur 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 SVCB0010018. The transfer is completed in batches. It is useful for both personal and business payments.

RTGS

Used for payments over ₹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 SVCB0010018.

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 Bharati Sahakari Bank-Islampur 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 Bharati Sahakari Bank-Islampur, 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)

What is the IFSC Code of The Shamrao Vithal Cooperative Bank in Bharati Sahakari Bank-Islampur, Sangli?

The IFSC Code is SVCB0010018.

Is the IFSC Code SVCB0010018 permanent?

Yes, but it can change during merging or restructuring of the bank.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and IFSC is for online transfers.

Where can I find the IFSC Code of The Shamrao Vithal Cooperative Bank Bharati Sahakari Bank-Islampur?

You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.

What is the full address of the Bharati Sahakari Bank-Islampur branch?

The address of the branch is S. No.39/88 B, Shri. Karande Bldg. Islampur, Tal. Walwa, Dist. Sangli - 415 409 located in Sangli, Islampur, Maharashtra.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.