The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of The Shamrao Vithal Cooperative Bank for its Abhinav Sahkari Bk-Dombivali Midc branch in Thane, Dombivli, Maharashtra, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of The Shamrao Vithal Cooperative Bank located in Thane or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SVCB0007004. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for The Shamrao Vithal Cooperative Bank, Abhinav Sahkari Bk-Dombivali Midc, Thane
Below in the table are the key details related to IFSC Code SVCB0007004 of The Shamrao Vithal Cooperative Bank for its branch located in Thane, within the district of Dombivli in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | The Shamrao Vithal Cooperative Bank |
| IFSC Code | SVCB0007004 |
| Branch | Abhinav Sahkari Bk-Dombivali Midc |
| City | Thane |
| District | Dombivli |
| State | Maharashtra |
| Address | P-48, Near Usma Petrol Pump, Midc Residential Zone, Midc Dombivali East-421203 |
These details are crucial, not just for online banking users but also for businesses and individuals who use The Shamrao Vithal Cooperative Bank in Thane for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SVCB0007004 for the Abhinav Sahkari Bk-Dombivali Midc branch of The Shamrao Vithal Cooperative Bank has 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 Abhinav Sahkari Bk-Dombivali Midc, Thane, Maharashtra, are allotted a unique IFSC like SVCB0007004 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Thane.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Thane and Dombivli.
- 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 Abhinav Sahkari Bk-Dombivali Midc reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code SVCB0007004
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 Abhinav Sahkari Bk-Dombivali Midc in Thane.
For example, the IFSC Code SVCB0007004 of The Shamrao Vithal Cooperative Bank for the Abhinav Sahkari Bk-Dombivali Midc branch includes these elements, identifying the bank and the branch location in Thane and Maharashtra accurately.
How to Find IFSC Code for The Shamrao Vithal Cooperative Bank?
If you are trying to find the IFSC Code SVCB0007004 of The Shamrao Vithal Cooperative Bank for its Abhinav Sahkari Bk-Dombivali Midc branch located in Thane, 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 Thane and Dombivli, 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 Abhinav Sahkari Bk-Dombivali Midc or Thane to get the exact IFSC Code SVCB0007004.
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 Thane that will provide accurate information.
How to Use IFSC Code SVCB0007004 for Online Transfers?
Once you have the IFSC Code SVCB0007004 for the Abhinav Sahkari Bk-Dombivali Midc branch of The Shamrao Vithal Cooperative Bank in Thane, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code SVCB0007004. The transfer is completed in batches instead of instantly. It is useful for both 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. Requires the recipient's account details and The Shamrao Vithal Cooperative Bank IFSC Code SVCB0007004.
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 Abhinav Sahkari Bk-Dombivali Midc in Thane, 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 Abhinav Sahkari Bk-Dombivali Midc, 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 Thane to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is SVCB0007004.
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 P-48, Near Usma Petrol Pump, Midc Residential Zone, Midc Dombivali East-421203 located in Thane, Dombivli, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.