IFSC Code of The Shamrao Vithal Cooperative Bank, Wai Urban Coop Bk Ltd-Phaltan, Phaltan, Maharashtra — SVCB0016012

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-Phaltan branch in Satara, Phaltan, 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 SVCB0016012. 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-Phaltan, Satara

Here are the key points that are associated with the IFSC Code SVCB0016012 of The Shamrao Vithal Cooperative Bank for its branch located in Satara, within the district of Phaltan in the state of Maharashtra.

These details helps users in online banking and for businesses and individuals who use The Shamrao Vithal Cooperative Bank in Satara for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SVCB0016012 for the Wai Urban Coop Bk Ltd-Phaltan branch of The Shamrao Vithal Cooperative Bank plays a vital role.

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 Wai Urban Coop Bk Ltd-Phaltan, Satara, Maharashtra, is provided a unique IFSC like SVCB0016012 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 Satara.
• 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 Satara and Phaltan.
• 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 Wai Urban Coop Bk Ltd-Phaltan do not get misguided to another person.

Format of the IFSC Code SVCB0016012

The format of the IFSC Code for banks, including The Shamrao Vithal Cooperative Bank, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown of this:

• First 4 characters (AAAA): Represent the bank code. For The Shamrao Vithal Cooperative Bank, these characters are the bank's short identifier.
• 5th character (0): Always zero which is reserved for future use.
• Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Wai Urban Coop Bk Ltd-Phaltan in Satara.

For example, the IFSC Code SVCB0016012 of The Shamrao Vithal Cooperative Bank for the Wai Urban Coop Bk Ltd-Phaltan 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?

To find the IFSC Code SVCB0016012 of The Shamrao Vithal Cooperative Bank for its Wai Urban Coop Bk Ltd-Phaltan branch located in Satara, the following methods can help you out:

Cheque Book

The cheque book issued by The Shamrao Vithal Cooperative Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.

Passbook

Most banks, including The Shamrao Vithal Cooperative Bank branches in Satara and Phaltan, 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 go to the branch locator section. Then search for Wai Urban Coop Bk Ltd-Phaltan or Satara to find the exact IFSC Code SVCB0016012.

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 maintains an updated database of all IFSC codes. Searching for The Shamrao Vithal Cooperative Bank and Satara will provide accurate information.

How to Use IFSC Code SVCB0016012 for Online Transfers?

Once you have the IFSC Code SVCB0016012 for the Wai Urban Coop Bk Ltd-Phaltan branch of The Shamrao Vithal Cooperative Bank in Satara, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code SVCB0016012. 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 SVCB0016012.

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 Wai Urban Coop Bk Ltd-Phaltan in Satara, 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 Wai Urban Coop Bk Ltd-Phaltan, 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.