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 Vasai Vikas Sahakari Bank Limited for its Evernshine branch in Vasai, Thane, 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 Vasai Vikas Sahakari Bank Limited located in Vasai or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code VVSB0000018. 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 Vasai Vikas Sahakari Bank Limited, Evernshine, Vasai
Below in the table are the key details related to IFSC Code VVSB0000018 of Vasai Vikas Sahakari Bank Limited for its branch located in Vasai, within the district of Thane in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Vasai Vikas Sahakari Bank Limited |
| IFSC Code | VVSB0000018 |
| Branch | Evernshine |
| City | Vasai |
| District | Thane |
| State | Maharashtra |
| Address | B-002, Ground Floor, Ornaments Co-Operative Housing Society Ltd., Evershine City, Vasai (East) Dist. Thane - 401208 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Vasai Vikas Sahakari Bank Limited in Vasai for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code VVSB0000018 for the Evernshine branch of Vasai Vikas Sahakari Bank Limited 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, including Vasai Vikas Sahakari Bank Limited located in Evernshine, Vasai, Maharashtra, is provided with a unique IFSC like VVSB0000018 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Vasai Vikas Sahakari Bank Limited branch in Vasai.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Vasai and Thane.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Maharashtra and the rest of India and the IFSC Code ensures that transactions meant for Vasai Vikas Sahakari Bank Limited in Evernshine do not get mixed with another location.
Format of the IFSC Code VVSB0000018
The format of the IFSC Code for banks, including Vasai Vikas Sahakari Bank Limited, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): These represent the bank code. In Vasai Vikas Sahakari Bank Limited, 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 Evernshine in Vasai.
For example, the IFSC Code VVSB0000018 of Vasai Vikas Sahakari Bank Limited for the Evernshine branch has these elements, identifying the bank and the branch location in Vasai and Maharashtra correctly.
How to Find IFSC Code for Vasai Vikas Sahakari Bank Limited?
If you are trying to find the IFSC Code VVSB0000018 of Vasai Vikas Sahakari Bank Limited for its Evernshine branch located in Vasai, the following methods can help:
Cheque Book
The cheque book issued by Vasai Vikas Sahakari Bank Limited includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
You can easily find the IFSC and MICR codes because most banks, including Vasai Vikas Sahakari Bank Limited branches in Vasai and Thane, print them on the first page of your passbook.
Bank Website
Visit the official website of Vasai Vikas Sahakari Bank Limited and navigate to the branch locator section. Search for Evernshine or Vasai to get the exact IFSC Code VVSB0000018.
Mobile Banking App
If you use Vasai Vikas Sahakari Bank Limited'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 Vasai Vikas Sahakari Bank Limited and Vasai, you'll get the correct details.
How to Use IFSC Code VVSB0000018 for Online Transfers?
Once you have the IFSC Code VVSB0000018 for the Evernshine branch of Vasai Vikas Sahakari Bank Limited in Vasai, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code VVSB0000018. 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 Vasai Vikas Sahakari Bank Limited IFSC Code VVSB0000018.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Vasai Vikas Sahakari Bank Limited Evernshine in Vasai, 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 Vasai Vikas Sahakari Bank Limited in Evernshine, 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 Vasai Vikas Sahakari Bank Limited website.
- Search the RBI portal.
Having both the IFSC and MICR codes makes it easy for account holders in Vasai to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is VVSB0000018.
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 B-002, Ground Floor, Ornaments Co-Operative Housing Society Ltd., Evershine City, Vasai (East) Dist. Thane - 401208 located in Vasai, Thane, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.