IFSC Code of Shri Veershaiv Cooperative Bank Limited, Raichur Branch, Karnataka

Use this page as a one-stop reference for everything related to Shri Veershaiv Cooperative Bank Limited's RAICHUR branch in RAICHUR, KARNATAKA. The branch's IFSC code SVSH0000029 is the key identifier you need whenever a remitter, employer or biller asks for a bank routing number to send funds to an account held at this branch. We have also included the branch's postal address, telephone number, banking hours, common services, and an extensive FAQ block that should answer almost every question that comes up when you are about to add this branch as a beneficiary in your net-banking app for the first time.

An IFSC (Indian Financial System Code) is an 11-character alphanumeric code issued by the Reserve Bank of India. It uniquely identifies every bank branch that participates in the RBI's electronic fund-transfer systems – NEFT, RTGS and IMPS. The first four characters represent the bank, the fifth is always a zero (reserved for future use), and the last six characters identify the specific branch.

For Shri Veershaiv Cooperative Bank Limited's RAICHUR branch, the IFSC SVSH0000029 breaks down as follows: SVSH identifies the bank, 0 is the reserved character, and 000029 identifies this particular branch.

About the bank

Shri Veershaiv Cooperative Bank Limited serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Raichur branch in Raichur, Karnataka is part of this network and uses the IFSC code SVSH0000029 for all electronic settlement.

Branch details at a glance

Raichur branch overview

Located at SHOP NO-12-2-15,MANCHAL BUILDING,GUNJ ROAD,NEAR GUNJ MARKET RAICHUR-584102, the Raichur branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC SVSH0000029 is required for all interbank electronic transfers routed through this branch.

The role of IFSC in India's payments network

India's electronic payment infrastructure — NEFT, RTGS, IMPS, UPI and the National Automated Clearing House (NACH) — is built on a single principle: every participating bank branch must be uniquely identifiable by an alphanumeric code. The Reserve Bank of India introduced the IFSC system to fulfil this requirement, and that is how Shri Veershaiv Cooperative Bank Limited's RAICHUR branch came to be assigned the code SVSH0000029.

Whether you are receiving a salary on the first of the month, paying a vendor invoice, settling an EMI, or accepting a refund from an e-commerce platform, the IFSC is the silent piece of metadata that tells the network where your account lives. Without IFSC SVSH0000029, money simply cannot be routed to the RAICHUR branch electronically.

Products and account variants supported

Every account opened at the Raichur branch is mapped to IFSC SVSH0000029 on the RBI payments network. The branch generally supports the full retail product catalogue of Shri Veershaiv Cooperative Bank Limited, including:

• Resident savings accounts and salary accounts
• Current accounts for businesses and professionals
• Fixed deposits, recurring deposits and tax-saver deposits
• Demand drafts, banker's cheques and pay orders
• Retail loans — personal, vehicle, education, gold and home
• Credit cards and overdraft facilities (subject to eligibility)
• Third-party investment products such as mutual funds and insurance (through tie-ups)

Whichever product you choose, the IFSC for incoming credits remains SVSH0000029.

Banking services available

The Raichur branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 8532-235915.

• Savings, current and salary accounts
• Fixed deposits and recurring deposits
• Personal, vehicle and home loans
• Demat and investment products (where supported)
• Internet banking and mobile banking enrolment
• Debit and credit card issuance
• Locker facilities (subject to availability)
• Foreign exchange services (at authorised branches)
• Bill payments, demand drafts and pay orders
• NEFT / RTGS / IMPS / UPI fund transfers using IFSC SVSH0000029

How to transfer money using IFSC SVSH0000029

Online transfers in India are powered by three major channels — NEFT, RTGS and IMPS — and each one requires a destination IFSC. Below is a quick guide for using IFSC SVSH0000029 across all three.

NEFT to Shri Veershaiv Cooperative Bank Limited, RAICHUR using IFSC SVSH0000029

National Electronic Funds Transfer is the simplest way to move money into an account at this branch. NEFT works around the clock, including Sundays and public holidays, and settles in half-hourly batches.

To send funds, add the recipient as a beneficiary in your bank's online portal, key in the account number, paste the IFSC SVSH0000029, and confirm that the system picks up Shri Veershaiv Cooperative Bank Limited – RAICHUR. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

Real-Time Gross Settlement to RAICHUR

If you need to transfer ₹2 lakh or more in one go to an account at Shri Veershaiv Cooperative Bank Limited's RAICHUR branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC SVSH0000029 while initiating the transfer and the credit will appear within minutes.

IMPS to Shri Veershaiv Cooperative Bank Limited RAICHUR (IFSC SVSH0000029)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC SVSH0000029 in your mobile or internet banking app, and the money is credited to the RAICHUR branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to Raichur

The right transfer rail depends on how urgent the payment is, how large it is, and whether the receiving bank participates in the chosen scheme. Every option below works with the IFSC SVSH0000029:

• NEFT — best for everyday transfers of any amount; settles in half-hourly batches around the clock.
• RTGS — best for transfers of ₹2 lakh and above; settles each transaction individually in real time.
• IMPS — best when speed matters more than batch scheduling; instant credit up to ₹5 lakh.
• UPI — best for small peer-to-peer payments using a VPA; the underlying account at RAICHUR is still linked to IFSC SVSH0000029.

For salary credits, vendor payouts and refunds, employers and merchants usually default to NEFT because of its zero per-transaction cost for retail customers and its 24x7 availability.

UPI payments and IFSC SVSH0000029

UPI (Unified Payments Interface) has become the default way for individuals to send money in India. While most UPI transactions are addressed using a Virtual Payment Address (VPA) like name@bank, the underlying account at Shri Veershaiv Cooperative Bank Limited – RAICHUR is still mapped to IFSC SVSH0000029. When a customer links a savings or current account to a UPI app for the first time, the app silently looks up this IFSC against the account number to verify the account exists. The VPA acts as a friendly alias on top of the same plumbing.

If a UPI transfer to or from this branch fails, the most common reasons are an inactive UPI handle, a daily limit breach or a temporary outage at one of the participating banks — not the IFSC. You can always fall back to NEFT or IMPS using the IFSC SVSH0000029 and the beneficiary's account number to complete the transfer.

Digital banking channels

Most day-to-day work that customers used to do at the Raichur branch counter can now be completed digitally — adding a beneficiary, transferring funds, applying for a fixed deposit, raising a service request or downloading account statements. The IFSC SVSH0000029 is the link between the digital channel and the branch ledger; once a transaction is confirmed, the credit or debit is reflected in the same core banking system that the branch officers see.

MICR & cheque-truncation details

Cheques drawn on the Raichur branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC SVSH0000029 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

Common mistakes to avoid when using IFSC SVSH0000029

An incorrect IFSC almost always results in a failed transfer or, worse, a credit to the wrong branch. Before you click Confirm on a transfer to Shri Veershaiv Cooperative Bank Limited – RAICHUR, double-check for these issues:

• Confusing 0 with O. The fifth character of every IFSC is the digit 0, not the letter O. Read carefully.
• Spaces or hyphens. Do not put spaces in the IFSC. It is exactly 11 characters: SVSH0000029.
• Wrong branch. A bank can have dozens of branches in the same city. Make sure you are using the IFSC for the actual branch where the beneficiary holds the account, not just any nearby branch.
• Old IFSC after a merger. If two banks have merged, the IFSC may have been reissued. Always verify with a recent passbook or cheque leaf.
• Copy-paste from chat. Auto-correct on phones can silently change letters in IFSC codes. Type carefully or copy from a trusted source like the cheque book.

Reaching the branch

The Raichur branch sits at SHOP NO-12-2-15,MANCHAL BUILDING,GUNJ ROAD,NEAR GUNJ MARKET RAICHUR-584102. If you are travelling from outside Raichur, search for the branch on a maps application using the bank name and locality, or call 8532-235915 to ask for landmarks. Many customers find it easier to skip the trip altogether: net banking, mobile apps, NEFT, RTGS, IMPS and UPI all work using the IFSC SVSH0000029 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC SVSH0000029 for Shri Veershaiv Cooperative Bank Limited – RAICHUR, you can cross-check the code from any of these sources before initiating a high-value transfer:

• The front of the cheque book issued by the branch – the IFSC is printed at the top of every leaf.
• The first page of your passbook.
• The bank's official website under the branch locator.
• The Reserve Bank of India's IFSC search portal.
• Net banking dashboards usually display the home-branch IFSC under account details.

Working hours

Branch counters at Raichur are usually open from 10 AM to 4 PM on weekdays. Saturdays follow the RBI's alternate-Saturday rule. Even when the branch is closed, NEFT, RTGS, IMPS and UPI transfers addressed to SVSH0000029 continue to work without interruption.

Branch address & contact

Frequently asked questions

Summary

The IFSC code SVSH0000029 belongs to Shri Veershaiv Cooperative Bank Limited's RAICHUR branch, located at SHOP NO-12-2-15,MANCHAL BUILDING,GUNJ ROAD,NEAR GUNJ MARKET RAICHUR-584102 in RAICHUR, KARNATAKA. Use this code along with the beneficiary's account number for any NEFT, RTGS or IMPS transfer to this branch. Bookmark this page for quick reference whenever you need the branch's banking details.