For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of The Shamrao Vithal Cooperative Bank for its Bharati Sahakari Bank-Sangli branch in Sangli, Kadegaon, Maharashtra, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly 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 SVCB0010006. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for The Shamrao Vithal Cooperative Bank, Bharati Sahakari Bank-Sangli, Sangli
The table below shows the main details of the IFSC Code SVCB0010006 for the The Shamrao Vithal Cooperative Bank branch in Sangli, which falls under the Kadegaon district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | The Shamrao Vithal Cooperative Bank |
| IFSC Code | SVCB0010006 |
| Branch | Bharati Sahakari Bank-Sangli |
| City | Sangli |
| District | Kadegaon |
| State | Maharashtra |
| Address | Bharati Vidyapeeth Bhavan, Rajwada Chowk, Sangli ┬Û 416 416. |
These details are essential not only for online banking users but also for businesses and individuals who use The Shamrao Vithal Cooperative Bank in Sangli for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SVCB0010006 for the Bharati Sahakari Bank-Sangli branch of The Shamrao Vithal Cooperative Bank plays an 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, including The Shamrao Vithal Cooperative Bank located in Bharati Sahakari Bank-Sangli, Sangli, Maharashtra, is provided with a unique IFSC like SVCB0010006 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 Kadegaon.
- 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 Bharati Sahakari Bank-Sangli do not get mixed with another location.
Format of the IFSC Code SVCB0010006
This is the format of the IFSC Code for banks, including The Shamrao Vithal Cooperative Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For The Shamrao Vithal Cooperative Bank, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Bharati Sahakari Bank-Sangli in Sangli.
For example, the IFSC Code SVCB0010006 of The Shamrao Vithal Cooperative Bank for the Bharati Sahakari Bank-Sangli 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 SVCB0010006 of The Shamrao Vithal Cooperative Bank for its Bharati Sahakari Bank-Sangli branch located in Sangli, 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
You can easily find the IFSC and MICR codes because most banks, including The Shamrao Vithal Cooperative Bank branches in Sangli and Kadegaon, print them 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 Bharati Sahakari Bank-Sangli or Sangli to get the exact IFSC Code SVCB0010006.
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 Sangli, you'll get the correct details.
How to Use IFSC Code SVCB0010006 for Online Transfers?
If you have the IFSC Code SVCB0010006 for the Bharati Sahakari Bank-Sangli branch of The Shamrao Vithal Cooperative Bank in Sangli, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SVCB0010006. 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 SVCB0010006.
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 Bharati Sahakari Bank-Sangli in Sangli, 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 Bharati Sahakari Bank-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 of the Bharati Sahakari Bank-Sangli Sangli branch is SVCB0010006.
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 Bharati Vidyapeeth Bhavan, Rajwada Chowk, Sangli ┬Û 416 416..
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.