IFSC Code of The Shamrao Vithal Cooperative Bank, Wai Urban Coop Bk Ltd-Malkapur, Karad, Maharashtra — SVCB0016008

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 Wai Urban Coop Bk Ltd-Malkapur branch in Satara, Karad, 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 Satara or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code SVCB0016008. 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, Wai Urban Coop Bk Ltd-Malkapur, Satara

Here are the key points that are associated with the IFSC Code SVCB0016008 of The Shamrao Vithal Cooperative Bank for its branch located in Satara, within the district of Karad in the state of Maharashtra.

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 Satara for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SVCB0016008 for the Wai Urban Coop Bk Ltd-Malkapur 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-Malkapur, Satara, Maharashtra, are given a unique IFSC like SVCB0016008 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It clearly tells which bank branch it is in Satara.
• 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 Satara and Karad.
• 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-Malkapur 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 SVCB0016008

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 Wai Urban Coop Bk Ltd-Malkapur in Satara.

For example, the IFSC Code SVCB0016008 of The Shamrao Vithal Cooperative Bank for the Wai Urban Coop Bk Ltd-Malkapur branch includes these elements, identifying the bank and the branch location in Satara and Maharashtra accurately.

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

If you are trying to find the IFSC Code SVCB0016008 of The Shamrao Vithal Cooperative Bank for its Wai Urban Coop Bk Ltd-Malkapur branch located in Satara, 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 Satara and Karad, 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 Wai Urban Coop Bk Ltd-Malkapur or Satara to get the exact IFSC Code SVCB0016008.

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 Satara that will provide accurate information.

How to Use IFSC Code SVCB0016008 for Online Transfers?

Once you have the IFSC Code SVCB0016008 for the Wai Urban Coop Bk Ltd-Malkapur branch of The Shamrao Vithal Cooperative Bank in Satara, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SVCB0016008. 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 SVCB0016008.

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-Malkapur in Satara, 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-Malkapur, 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 Satara to handle online money transfers and get their cheques cleared smoothly.