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 Chiplun Urban Bank- Kankavli branch in Sindhudurg, Kankavli, 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 Sindhudurg or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SVCB0006018. 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, Chiplun Urban Bank- Kankavli, Sindhudurg
Here are the main details that are associated with the IFSC Code SVCB0006018 of The Shamrao Vithal Cooperative Bank for its branch located in Sindhudurg, within the district of Kankavli in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | The Shamrao Vithal Cooperative Bank |
| IFSC Code | SVCB0006018 |
| Branch | Chiplun Urban Bank- Kankavli |
| City | Sindhudurg |
| District | Kankavli |
| State | Maharashtra |
| Address | Shree Bhalchandra Krupa Apartment, First Floor, House No 331, C(2), Acharya Road, A/P Kankavli, District Sindhudurg 416602 |
These details are essential not only for online banking users but also for businesses and individuals who use The Shamrao Vithal Cooperative Bank in Sindhudurg for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SVCB0006018 for the Chiplun Urban Bank- Kankavli 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, along with The Shamrao Vithal Cooperative Bank located in Chiplun Urban Bank- Kankavli, Sindhudurg, Maharashtra, are allotted a unique IFSC like SVCB0006018 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Sindhudurg.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Sindhudurg and Kankavli.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to The Shamrao Vithal Cooperative Bank in Chiplun Urban Bank- Kankavli reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code SVCB0006018
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): Show the bank code. For The Shamrao Vithal Cooperative Bank, these letters represent the bank's short name.
- 5th character: Is always zero and is kept for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Chiplun Urban Bank- Kankavli in Sindhudurg.
For example, the IFSC Code SVCB0006018 of The Shamrao Vithal Cooperative Bank for the Chiplun Urban Bank- Kankavli branch includes these elements, identifying the bank and the branch location in Sindhudurg and Maharashtra accurately.
How to Find IFSC Code for The Shamrao Vithal Cooperative Bank?
If you are trying to find the IFSC Code SVCB0006018 of The Shamrao Vithal Cooperative Bank for its Chiplun Urban Bank- Kankavli branch located in Sindhudurg, 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 Sindhudurg and Kankavli, 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 Chiplun Urban Bank- Kankavli or Sindhudurg to get the exact IFSC Code SVCB0006018.
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 Sindhudurg, you'll get the correct details.
How to Use IFSC Code SVCB0006018 for Online Transfers?
If you have the IFSC Code SVCB0006018 for the Chiplun Urban Bank- Kankavli branch of The Shamrao Vithal Cooperative Bank in Sindhudurg, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SVCB0006018. 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 SVCB0006018.
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 Chiplun Urban Bank- Kankavli in Sindhudurg, it may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of The Shamrao Vithal Cooperative Bank in Chiplun Urban Bank- Kankavli, here are some of the ways 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.
Knowing both IFSC and MICR code can help account holders in Sindhudurg manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is SVCB0006018.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Shree Bhalchandra Krupa Apartment, First Floor, House No 331, C(2), Acharya Road, A/P Kankavli, District Sindhudurg 416602 located in Sindhudurg, Kankavli, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.