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- Vashi branch in Thane, New Bombay, 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 Thane or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SVCB0016025. 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- Vashi, Thane
Here are the main details that are associated with the IFSC Code SVCB0016025 of The Shamrao Vithal Cooperative Bank for its branch located in Thane, within the district of New Bombay in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | The Shamrao Vithal Cooperative Bank |
| IFSC Code | SVCB0016025 |
| Branch | Wai Urban Coop Bk Ltd- Vashi |
| City | Thane |
| District | New Bombay |
| State | Maharashtra |
| Address | Apmc Market, Sector 19, Central Building, Ground Floor, Development Phase Ii, Market- 1, Vashi, Navi Mumbai- 400705 |
These details help users in online banking and for businesses and individuals who use The Shamrao Vithal Cooperative Bank in Thane for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SVCB0016025 for the Wai Urban Coop Bk Ltd- Vashi branch of The Shamrao Vithal Cooperative Bank has a very 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 Wai Urban Coop Bk Ltd- Vashi, Thane, Maharashtra, are allotted a unique IFSC like SVCB0016025 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 New Bombay.
- 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 Wai Urban Coop Bk Ltd- Vashi reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code SVCB0016025
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): These represent the bank code. In The Shamrao Vithal Cooperative Bank, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Wai Urban Coop Bk Ltd- Vashi in Thane.
For example, the IFSC Code SVCB0016025 of The Shamrao Vithal Cooperative Bank for the Wai Urban Coop Bk Ltd- Vashi branch has these elements, identifying the bank and the branch location in Thane and Maharashtra correctly.
How to Find IFSC Code for The Shamrao Vithal Cooperative Bank?
If you are looking for the IFSC Code SVCB0016025 of The Shamrao Vithal Cooperative Bank for its Wai Urban Coop Bk Ltd- Vashi branch located in Thane, the following methods can help:
Cheque Book
The cheque book that is issued by The Shamrao Vithal Cooperative Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including The Shamrao Vithal Cooperative Bank branches in Thane and New Bombay, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of The Shamrao Vithal Cooperative Bank and look for the branch locator section, then search for Wai Urban Coop Bk Ltd- Vashi or Thane to get the exact IFSC Code SVCB0016025.
Mobile Banking App
If you use The Shamrao Vithal Cooperative Bank's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for The Shamrao Vithal Cooperative Bank and Thane, then it will provide you proper information.
How to Use IFSC Code SVCB0016025 for Online Transfers?
Once you have the IFSC Code SVCB0016025 for the Wai Urban Coop Bk Ltd- Vashi branch of The Shamrao Vithal Cooperative Bank in Thane, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SVCB0016025. 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 SVCB0016025.
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- Vashi in Thane, 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- Vashi, 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 SVCB0016025.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Apmc Market, Sector 19, Central Building, Ground Floor, Development Phase Ii, Market- 1, Vashi, Navi Mumbai- 400705 located in Thane, New Bombay, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.