IFSC Code of The Shamrao Vithal Cooperative Bank, Wai Urban Coop Bk Ltd-Wai, Wai, Maharashtra — SVCB0016101

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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of The Shamrao Vithal Cooperative Bank for its Wai Urban Coop Bk Ltd-Wai branch in Satara, Wai, Maharashtra, then this guide will give you detailed information.

The banking system has evolved significantly in India, and today the customers of The Shamrao Vithal Cooperative Bank located in Satara or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SVCB0016101. 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-Wai, Satara

Here are the main details that are associated with the IFSC Code SVCB0016101 of The Shamrao Vithal Cooperative Bank for its branch located in Satara, within the district of Wai 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 SVCB0016101 for the Wai Urban Coop Bk Ltd-Wai 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 Wai Urban Coop Bk Ltd-Wai, Satara, Maharashtra, is provided a unique IFSC like SVCB0016101 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 Wai.
• 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-Wai do not get misguided to another person.

Format of the IFSC Code SVCB0016101

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-Wai in Satara.

For example, the IFSC Code SVCB0016101 of The Shamrao Vithal Cooperative Bank for the Wai Urban Coop Bk Ltd-Wai 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 SVCB0016101 of The Shamrao Vithal Cooperative Bank for its Wai Urban Coop Bk Ltd-Wai branch located in Satara, 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

Most banks, including The Shamrao Vithal Cooperative Bank branches in Satara and Wai, print the IFSC and MICR codes 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 Wai Urban Coop Bk Ltd-Wai or Satara to get the exact IFSC Code SVCB0016101.

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 Satara, you'll get the correct details.

How to Use IFSC Code SVCB0016101 for Online Transfers?

Once you have the IFSC Code SVCB0016101 for the Wai Urban Coop Bk Ltd-Wai 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 SVCB0016101. 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 SVCB0016101.

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-Wai 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-Wai, 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.