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 Sri Siddarameshwara Sahakara Bank Niyamitha- Tumkuru branch in Tumkur, Tumkur, Karnataka, 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 Tumkur or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code SVCB0060002. 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, Sri Siddarameshwara Sahakara Bank Niyamitha- Tumkuru, Tumkur
Here are the main details that are associated with the IFSC Code SVCB0060002 of The Shamrao Vithal Cooperative Bank for its branch located in Tumkur, within the district of Tumkur in the state of Karnataka.
| Particulars | Details |
|---|---|
| Bank | The Shamrao Vithal Cooperative Bank |
| IFSC Code | SVCB0060002 |
| Branch | Sri Siddarameshwara Sahakara Bank Niyamitha- Tumkuru |
| City | Tumkur |
| District | Tumkur |
| State | Karnataka |
| Address | Opp. Zilla Panchayath Office, B H Road, 572102 |
These details help 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 SVCB0060002 for the Sri Siddarameshwara Sahakara Bank Niyamitha- Tumkuru 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 Sri Siddarameshwara Sahakara Bank Niyamitha- Tumkuru, Tumkur, Karnataka, are given a unique IFSC like SVCB0060002 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Tumkur.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Tumkur and Tumkur.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to The Shamrao Vithal Cooperative Bank in Sri Siddarameshwara Sahakara Bank Niyamitha- Tumkuru goes to the correct branch. This is important because The Shamrao Vithal Cooperative Bank has thousands of branches in Karnataka and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code SVCB0060002
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 Sri Siddarameshwara Sahakara Bank Niyamitha- Tumkuru in Tumkur.
For example, the IFSC Code SVCB0060002 of The Shamrao Vithal Cooperative Bank for the Sri Siddarameshwara Sahakara Bank Niyamitha- Tumkuru branch includes these elements, identifying the bank and the branch location in Tumkur and Karnataka accurately.
How to Find IFSC Code for The Shamrao Vithal Cooperative Bank?
If you are trying to find the IFSC Code SVCB0060002 of The Shamrao Vithal Cooperative Bank for its Sri Siddarameshwara Sahakara Bank Niyamitha- Tumkuru branch located in Tumkur, 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 Tumkur and Tumkur, 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 Sri Siddarameshwara Sahakara Bank Niyamitha- Tumkuru or Tumkur to get the exact IFSC Code SVCB0060002.
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 Tumkur that will provide accurate information.
How to Use IFSC Code SVCB0060002 for Online Transfers?
Once you have the IFSC Code SVCB0060002 for the Sri Siddarameshwara Sahakara Bank Niyamitha- Tumkuru 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 SVCB0060002. 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 SVCB0060002.
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- Tumkuru 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 are very different from IFSC codes. If you are looking for the MICR code of The Shamrao Vithal Cooperative Bank in Sri Siddarameshwara Sahakara Bank Niyamitha- Tumkuru, 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 Tumkur manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is SVCB0060002.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Opp. Zilla Panchayath Office, B H Road, 572102 located in Tumkur, Tumkur, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.