Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of The Shamrao Vithal Cooperative Bank for its Wai Urban Coop Bk Ltd-Sangli branch in Sangli, Sangli-Miraj-Kupwad, or Maharashtra, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of The Shamrao Vithal Cooperative Bank located in Sangli or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SVCB0016014. You should definitely 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, Wai Urban Coop Bk Ltd-Sangli, Sangli
The table below shows the main details of the IFSC Code SVCB0016014 for the The Shamrao Vithal Cooperative Bank branch in Sangli, which falls under the Sangli-Miraj-Kupwad district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | The Shamrao Vithal Cooperative Bank |
| IFSC Code | SVCB0016014 |
| Branch | Wai Urban Coop Bk Ltd-Sangli |
| City | Sangli |
| District | Sangli-Miraj-Kupwad |
| State | Maharashtra |
| Address | 25, Kore Terrace, Neminath Nagar, Near Ganpati Mandir, Vishrambag, Sangli-416415 |
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 SVCB0016014 for the Wai Urban Coop Bk Ltd-Sangli 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, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with The Shamrao Vithal Cooperative Bank located in Wai Urban Coop Bk Ltd-Sangli, Sangli, Maharashtra, are given a unique IFSC like SVCB0016014 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 Sangli-Miraj-Kupwad.
- 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 Wai Urban Coop Bk Ltd-Sangli 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 SVCB0016014
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 Wai Urban Coop Bk Ltd-Sangli in Sangli.
For example, the IFSC Code SVCB0016014 of The Shamrao Vithal Cooperative Bank for the Wai Urban Coop Bk Ltd-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 SVCB0016014 of The Shamrao Vithal Cooperative Bank for its Wai Urban Coop Bk Ltd-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-Miraj-Kupwad, 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 Wai Urban Coop Bk Ltd-Sangli or Sangli to get the exact IFSC Code SVCB0016014.
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 SVCB0016014 for Online Transfers?
Once you have the IFSC Code SVCB0016014 for the Wai Urban Coop Bk Ltd-Sangli branch of The Shamrao Vithal Cooperative Bank in Sangli, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SVCB0016014. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and The Shamrao Vithal Cooperative Bank IFSC Code SVCB0016014.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for The Shamrao Vithal Cooperative Bank Wai Urban Coop Bk Ltd-Sangli in Sangli, it can 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 Wai Urban Coop Bk Ltd-Sangli, 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 Sangli manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is SVCB0016014.
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 25, Kore Terrace, Neminath Nagar, Near Ganpati Mandir, Vishrambag, Sangli-416415 located in Sangli, Sangli-Miraj-Kupwad, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.