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 Sri Siddarameshwara Sahakara Bank Niyamitha- Nittur branch in Tumkur, Nittur, Karnataka, 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 Tumkur or anywhere in Karnataka can easily transfer funds instantly by using the correct IFSC Code SVCB0060003. 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, Sri Siddarameshwara Sahakara Bank Niyamitha- Nittur, Tumkur

The table below shows the main details of the IFSC Code SVCB0060003 for the The Shamrao Vithal Cooperative Bank branch in Tumkur, which falls under the Nittur district in Karnataka.

Particulars Details
Bank The Shamrao Vithal Cooperative Bank
IFSC Code SVCB0060003
Branch Sri Siddarameshwara Sahakara Bank Niyamitha- Nittur
City Tumkur
District Nittur
State Karnataka
Address N M S Compex, N H 206, Nittur, 572223

These details helps users in online banking and for businesses and individuals who use The Shamrao Vithal Cooperative Bank in Tumkur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SVCB0060003 for the Sri Siddarameshwara Sahakara Bank Niyamitha- Nittur 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, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like SVCB0060003 is given to every bank branch, including The Shamrao Vithal Cooperative Bank located in Sri Siddarameshwara Sahakara Bank Niyamitha- Nittur, Tumkur, Karnataka, to make sure that online payments reach the right place.

The IFSC Code is important because:

  • It uniquely identifies the The Shamrao Vithal Cooperative Bank branch in Tumkur.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any kind of confusion between multiple branches of the same bank across different places like Tumkur and Nittur.
  • It removes errors in fund transfers and improves accuracy.
  • It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Karnataka and the rest of India, which is why the IFSC Code ensures that transactions meant for The Shamrao Vithal Cooperative Bank in Sri Siddarameshwara Sahakara Bank Niyamitha- Nittur doesn't end up at another location.

Format of the IFSC Code SVCB0060003

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 Sri Siddarameshwara Sahakara Bank Niyamitha- Nittur in Tumkur.

For example, the IFSC Code SVCB0060003 of The Shamrao Vithal Cooperative Bank for the Sri Siddarameshwara Sahakara Bank Niyamitha- Nittur branch has these elements, identifying the bank and the branch location in Tumkur and Karnataka correctly.

How to Find IFSC Code for The Shamrao Vithal Cooperative Bank?

If you are trying to find the IFSC Code SVCB0060003 of The Shamrao Vithal Cooperative Bank for its Sri Siddarameshwara Sahakara Bank Niyamitha- Nittur branch located in Tumkur, 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 Tumkur and Nittur, 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 Sri Siddarameshwara Sahakara Bank Niyamitha- Nittur or Tumkur to get the exact IFSC Code SVCB0060003.

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 Tumkur, you'll get the correct details.

How to Use IFSC Code SVCB0060003 for Online Transfers?

Once you have the IFSC Code SVCB0060003 for the Sri Siddarameshwara Sahakara Bank Niyamitha- Nittur branch of The Shamrao Vithal Cooperative Bank in Tumkur, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code SVCB0060003. 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 SVCB0060003.

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 Sri Siddarameshwara Sahakara Bank Niyamitha- Nittur in Tumkur, 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 Sri Siddarameshwara Sahakara Bank Niyamitha- Nittur, 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 Tumkur to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of The Shamrao Vithal Cooperative Bank Sri Siddarameshwara Sahakara Bank Niyamitha- Nittur Tumkur?

The IFSC Code of the Sri Siddarameshwara Sahakara Bank Niyamitha- Nittur Tumkur branch is SVCB0060003.

Is IFSC Code SVCB0060003 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the The Shamrao Vithal Cooperative Bank Sri Siddarameshwara Sahakara Bank Niyamitha- Nittur branch?

The branch is located at N M S Compex, N H 206, Nittur, 572223.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.