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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of The Shamrao Vithal Cooperative Bank for its Omprakash Deora Peoples Coop Bk Hingoli-Wardha branch in Wardha, Wardha, or Maharashtra, this guide will help you with all the details.

There have been major changes in the banking sector in India and today, the customers of The Shamrao Vithal Cooperative Bank located in Wardha or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SVCB0009024. 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, Omprakash Deora Peoples Coop Bk Hingoli-Wardha, Wardha

The table below shows the main details of the IFSC Code SVCB0009024 for the The Shamrao Vithal Cooperative Bank branch in Wardha, which falls under the Wardha district in Maharashtra.

Particulars Details
Bank The Shamrao Vithal Cooperative Bank
IFSC Code SVCB0009024
Branch Omprakash Deora Peoples Coop Bk Hingoli-Wardha
City Wardha
District Wardha
State Maharashtra
Address Near Hotel Ramkrishna,Wardha, Dist Wardha

These details are crucial, not just for online banking users but also for businesses and individuals who use The Shamrao Vithal Cooperative Bank in Wardha for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SVCB0009024 for the Omprakash Deora Peoples Coop Bk Hingoli-Wardha 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including The Shamrao Vithal Cooperative Bank located in Omprakash Deora Peoples Coop Bk Hingoli-Wardha, Wardha, Maharashtra, is provided a unique IFSC like SVCB0009024 so that their online payments reach the right place.

The IFSC Code is important because:

  • It uniquely recognizes the The Shamrao Vithal Cooperative Bank branch in Wardha.
  • Helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any confusions between multiple branches of the same bank across different places like Wardha and Wardha.
  • It reduces most of the errors in fund transfers and makes sure its accuracy.
  • It enables sender banks to validate and confirm branch details before processing payments.

For thousands of branches across Maharashtra and the rest of India, the IFSC Code ensures that transactions meant for The Shamrao Vithal Cooperative Bank in Omprakash Deora Peoples Coop Bk Hingoli-Wardha do not get misguided to another person.

Format of the IFSC Code SVCB0009024

The format of the IFSC Code for banks, including The Shamrao Vithal Cooperative Bank, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown of this:

  • First 4 characters (AAAA): Represent the bank code. For The Shamrao Vithal Cooperative Bank, these characters are the bank's short identifier.
  • 5th character (0): Always zero which is reserved for future use.
  • Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Omprakash Deora Peoples Coop Bk Hingoli-Wardha in Wardha.

For example, the IFSC Code SVCB0009024 of The Shamrao Vithal Cooperative Bank for the Omprakash Deora Peoples Coop Bk Hingoli-Wardha branch includes these elements, identifying the bank and the branch location in Wardha and Maharashtra accurately.

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

To find the IFSC Code SVCB0009024 of The Shamrao Vithal Cooperative Bank for its Omprakash Deora Peoples Coop Bk Hingoli-Wardha branch located in Wardha, the following methods can help you out:

Cheque Book

The cheque book issued by The Shamrao Vithal Cooperative Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.

Passbook

Most banks, including The Shamrao Vithal Cooperative Bank branches in Wardha and Wardha, 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 go to the branch locator section. Then search for Omprakash Deora Peoples Coop Bk Hingoli-Wardha or Wardha to find the exact IFSC Code SVCB0009024.

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 maintains an updated database of all IFSC codes. Searching for The Shamrao Vithal Cooperative Bank and Wardha will provide accurate information.

How to Use IFSC Code SVCB0009024 for Online Transfers?

If you have the IFSC Code SVCB0009024 for the Omprakash Deora Peoples Coop Bk Hingoli-Wardha branch of The Shamrao Vithal Cooperative Bank in Wardha, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SVCB0009024. 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 SVCB0009024.

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 Omprakash Deora Peoples Coop Bk Hingoli-Wardha in Wardha, 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 Omprakash Deora Peoples Coop Bk Hingoli-Wardha, 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 Wardha manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of The Shamrao Vithal Cooperative Bank in Omprakash Deora Peoples Coop Bk Hingoli-Wardha, Wardha?

The IFSC Code is SVCB0009024.

Is the IFSC Code SVCB0009024 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of The Shamrao Vithal Cooperative Bank Omprakash Deora Peoples Coop Bk Hingoli-Wardha?

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Omprakash Deora Peoples Coop Bk Hingoli-Wardha branch?

The address of the branch is Near Hotel Ramkrishna,Wardha, Dist Wardha located in Wardha, Wardha, Maharashtra.

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.