Use this page as a one-stop reference for everything related to The Shamrao Vithal Cooperative Bank's SHANKAR NAGARI SAHKARI BK-ARDHAPUR branch in ARDHAPUR, MAHARASHTRA. The branch's IFSC code SVCB0023003 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.
IFSC stands for Indian Financial System Code. It is an 11-character code that pinpoints a particular bank branch on the RBI's real-time payment rails. Every NEFT, RTGS or IMPS instruction must carry the destination branch's IFSC for the credit to land in the correct account.
In our case, SVCB0023003 is the IFSC of The Shamrao Vithal Cooperative Bank's SHANKAR NAGARI SAHKARI BK-ARDHAPUR branch. The format is fixed: SVCB = bank code, 0 = reserved, 023003 = branch identifier.
About The Shamrao Vithal Cooperative Bank
The Shamrao Vithal Cooperative Bank operates a wide network of branches across India, including the Shankar Nagari Sahkari Bk-Ardhapur branch in Ardhapur. Each branch is enabled for NEFT, RTGS, IMPS and core banking, allowing customers to send and receive money anywhere in the country using a unique IFSC – in this case, SVCB0023003.
About the Shankar Nagari Sahkari Bk-Ardhapur branch
The Shankar Nagari Sahkari Bk-Ardhapur branch of The Shamrao Vithal Cooperative Bank is situated at MAIN ROAD, ARDHAPUR, TAL ARDHAPUR DIST NANDED. Customers visiting this branch can complete cash deposits, withdrawals, demand draft requests, cheque clearing, passbook updates and KYC formalities. For online transactions to or from this branch, the IFSC code SVCB0023003 is used.
Branch details at a glance
| Bank Name | The Shamrao Vithal Cooperative Bank |
|---|---|
| Branch | Shankar Nagari Sahkari Bk-Ardhapur |
| IFSC Code | SVCB0023003 |
| MICR Code | Refer to cheque leaf |
| Branch Address | MAIN ROAD, ARDHAPUR, TAL ARDHAPUR DIST NANDED |
| City | Ardhapur |
| District | Nanded |
| State | Maharashtra |
| STD Code | 2462 |
| Phone | 272697 |
Why every The Shamrao Vithal Cooperative Bank branch has a unique IFSC
Before electronic settlement systems went live in India, money transfers between banks relied heavily on demand drafts, mail transfers and telegraphic transfers. These older instruments routinely took days to clear and were prone to misrouting because there was no single machine-readable identifier for a branch. The Reserve Bank of India solved this by issuing each participating branch — including SHANKAR NAGARI SAHKARI BK-ARDHAPUR of The Shamrao Vithal Cooperative Bank — its own 11-character IFSC. The code SVCB0023003 is therefore not just an internal reference; it is the digital postcode that lets the RBI's NEFT, RTGS and IMPS rails route funds straight to the right branch ledger without any human intervention.
Today, almost every salary credit, vendor payment, refund and EMI deduction in the country flows through this network, which is exactly why a correct IFSC matters so much. A wrong character can either bounce the transfer or send it to the wrong branch, and reversing such a credit is a manual, time-consuming process. Treat IFSC SVCB0023003 the same way you would treat your account number — verify it once and save it carefully for future use.
MICR code & cheque clearing
Apart from IFSC, every cheque book issued by The Shamrao Vithal Cooperative Bank carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC SVCB0023003 and the account number together uniquely identify the Shankar Nagari Sahkari Bk-Ardhapur branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
How to transfer money using IFSC SVCB0023003
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 SVCB0023003 across all three.
NEFT to The Shamrao Vithal Cooperative Bank, SHANKAR NAGARI SAHKARI BK-ARDHAPUR using IFSC SVCB0023003
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 SVCB0023003, and confirm that the system picks up The Shamrao Vithal Cooperative Bank – SHANKAR NAGARI SAHKARI BK-ARDHAPUR. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to SHANKAR NAGARI SAHKARI BK-ARDHAPUR
If you need to transfer ₹2 lakh or more in one go to an account at The Shamrao Vithal Cooperative Bank's SHANKAR NAGARI SAHKARI BK-ARDHAPUR branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC SVCB0023003 while initiating the transfer and the credit will appear within minutes.
IMPS to The Shamrao Vithal Cooperative Bank SHANKAR NAGARI SAHKARI BK-ARDHAPUR (IFSC SVCB0023003)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC SVCB0023003 in your mobile or internet banking app, and the money is credited to the SHANKAR NAGARI SAHKARI BK-ARDHAPUR branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC SVCB0023003 for The Shamrao Vithal Cooperative Bank – SHANKAR NAGARI SAHKARI BK-ARDHAPUR, but they differ in speed, minimum amount and use case. The table below summarises the differences so you can pick the right channel for the situation at hand.
| Parameter | NEFT | RTGS | IMPS |
|---|---|---|---|
| Minimum amount | ₹1 | ₹2,00,000 | ₹1 |
| Maximum amount | No RBI cap | No RBI cap | ₹5,00,000 |
| Settlement | Half-hourly batches | Real-time | Real-time |
| Availability | 24x7 | 24x7 | 24x7 |
| Best for | Routine transfers | High-value transfers | Urgent small / mid transfers |
| IFSC required | Yes – SVCB0023003 | Yes – SVCB0023003 | Yes – SVCB0023003 |
For most retail customers crediting the Shankar Nagari Sahkari Bk-Ardhapur branch, NEFT or IMPS will be the quickest and most economical option. RTGS comes in for one-off, high-value movements such as property purchases, vendor settlements or large gifts.
UPI payments and IFSC SVCB0023003
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 The Shamrao Vithal Cooperative Bank – SHANKAR NAGARI SAHKARI BK-ARDHAPUR is still mapped to IFSC SVCB0023003. 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 SVCB0023003 and the beneficiary's account number to complete the transfer.
Account types you can open at the Shankar Nagari Sahkari Bk-Ardhapur branch
Once you have an account at The Shamrao Vithal Cooperative Bank – SHANKAR NAGARI SAHKARI BK-ARDHAPUR, the IFSC SVCB0023003 stays the same regardless of the type of account you hold. The branch typically supports the following options:
- Savings account — for individuals, with chequebook, ATM card and net-banking access.
- Current account — for sole proprietors, partnerships and companies that need higher transaction volumes.
- Salary account — opened in bulk for corporate employees, often with zero-balance benefits.
- NRE / NRO accounts — for non-resident Indians who want to repatriate or maintain rupee balances in India.
- Fixed deposit and recurring deposit — term-based investment accounts with quarterly or cumulative interest.
- Senior citizen accounts — concessional minimum balance and a small interest rate premium on FDs.
- Minor and student accounts — operated jointly with a guardian until the customer turns 18.
Eligibility, minimum balance and KYC requirements vary by product. Speak to a relationship officer at the branch for the latest schedule of charges and interest rates.
Products and services
Customers walking into the Shankar Nagari Sahkari Bk-Ardhapur branch can access most of The Shamrao Vithal Cooperative Bank's standard product suite, including:
- Account opening – savings, current, NRI, salary
- Term deposits and recurring deposits
- Retail and small-business loans
- Insurance and mutual-fund tie-ups
- Locker, safe deposit and ATM card services
- Online and mobile banking activation
- Electronic transfers via IFSC SVCB0023003
Online banking and IFSC SVCB0023003
The Shamrao Vithal Cooperative Bank customers can register for net banking and the bank's official mobile app once their account at the SHANKAR NAGARI SAHKARI BK-ARDHAPUR branch is active. Net banking lets you view balances, download statements, open fixed deposits, request cheque books and initiate NEFT/RTGS/IMPS transfers — all without setting foot in the branch. The IFSC SVCB0023003 is pre-filled by the bank for transfers originating from your own account, and you only need to enter it manually when adding an external beneficiary or sharing your account details with a third party.
Reaching the branch
The Shankar Nagari Sahkari Bk-Ardhapur branch sits at MAIN ROAD, ARDHAPUR, TAL ARDHAPUR DIST NANDED. If you are travelling from outside Ardhapur, search for the branch on a maps application using the bank name and locality, or call 2462-272697 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 SVCB0023003 and your account number.
Common mistakes to avoid when using IFSC SVCB0023003
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 The Shamrao Vithal Cooperative Bank – SHANKAR NAGARI SAHKARI BK-ARDHAPUR, 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:
SVCB0023003. - 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.
Working hours
Branch counters at Shankar Nagari Sahkari Bk-Ardhapur 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 SVCB0023003 continue to work without interruption.
Verifying IFSC SVCB0023003 from official sources
The IFSC listed on this page is sourced from the RBI's master list and validated against the bank's branch directory. To double-check before transferring large sums, you can also confirm SVCB0023003 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 2462-272697.
- Visiting the bank's official branch locator page.
Branch address & contact
The Shamrao Vithal Cooperative BankShankar Nagari Sahkari Bk-Ardhapur Branch
MAIN ROAD, ARDHAPUR, TAL ARDHAPUR DIST NANDED
Ardhapur, Maharashtra
Phone: 2462-272697
IFSC: SVCB0023003
Frequently asked questions
How quickly will an NEFT transfer using SVCB0023003 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to The Shamrao Vithal Cooperative Bank – Shankar Nagari Sahkari Bk-Ardhapur reflect within 30 minutes.
Is IFSC SVCB0023003 the same for all accounts at Shankar Nagari Sahkari Bk-Ardhapur branch?
Yes. The IFSC SVCB0023003 is shared by every account held at The Shamrao Vithal Cooperative Bank's Shankar Nagari Sahkari Bk-Ardhapur branch. Only the account number changes from customer to customer.
Can I use IFSC SVCB0023003 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC SVCB0023003 to send funds instantly.
How do I add The Shamrao Vithal Cooperative Bank Shankar Nagari Sahkari Bk-Ardhapur as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC SVCB0023003, and complete OTP verification. Once activated, you can transfer funds at any time.
Does The Shamrao Vithal Cooperative Bank Shankar Nagari Sahkari Bk-Ardhapur branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 2462-272697 to confirm.
What is the difference between IFSC and MICR code?
IFSC is an 11-character alphanumeric code used for online transfers, while MICR is a 9-digit numeric code printed on cheques and used by cheque-clearing machines. Both identify the Shankar Nagari Sahkari Bk-Ardhapur branch but serve different purposes.
What is the phone number of The Shamrao Vithal Cooperative Bank Shankar Nagari Sahkari Bk-Ardhapur branch?
You can reach the branch at 2462-272697 during regular banking hours.
Final notes
To recap: SVCB0023003 is the IFSC code of The Shamrao Vithal Cooperative Bank, SHANKAR NAGARI SAHKARI BK-ARDHAPUR branch, in ARDHAPUR, MAHARASHTRA. It is required for every electronic transfer to an account held at this branch. We keep this page updated with the latest address and contact details, so you can rely on the information here for your day-to-day banking needs.
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