IFSC Code of The Shamrao Vithal Cooperative Bank, Shankar Nagari Sahkari Bk- Cidco Aurangabad Branch, Maharashtra

Below are the complete branch details for The Shamrao Vithal Cooperative Bank, SHANKAR NAGARI SAHKARI BK- CIDCO AURANGABAD branch, located in AURANGABAD, MAHARASHTRA. The IFSC assigned by the Reserve Bank of India to this branch is SVCB0023010. Whether you want to transfer money, add a beneficiary, verify a cheque or simply confirm the branch address, you will find authentic, up-to-date information on this page that has been cross-checked against the bank's branch directory and the RBI's master list of participants in the National Electronic Funds Transfer system.

The IFSC code is one of the most frequently asked-for pieces of information when somebody wants to send you money or set up a recurring credit such as a salary, EMI auto-debit or supplier payment. Knowing exactly which IFSC belongs to your branch — in this case SVCB0023010 for The Shamrao Vithal Cooperative Bank – SHANKAR NAGARI SAHKARI BK- CIDCO AURANGABAD — saves you from rejected transfers, returned credits and the back-and-forth that follows them.

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, SVCB0023010 is the IFSC of The Shamrao Vithal Cooperative Bank's SHANKAR NAGARI SAHKARI BK- CIDCO AURANGABAD branch. The format is fixed: SVCB = bank code, 0 = reserved, 023010 = 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- Cidco Aurangabad branch in Aurangabad. 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, SVCB0023010.

Branch details at a glance

Shankar Nagari Sahkari Bk- Cidco Aurangabad branch overview

Located at SAGAR PLAZA, NEAR HIGH COURT, AURANGABAD, the Shankar Nagari Sahkari Bk- Cidco Aurangabad branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC SVCB0023010 is required for all interbank electronic transfers routed through this branch.

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- CIDCO AURANGABAD of The Shamrao Vithal Cooperative Bank — its own 11-character IFSC. The code SVCB0023010 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 SVCB0023010 the same way you would treat your account number — verify it once and save it carefully for future use.

Products and account variants supported

Every account opened at the Shankar Nagari Sahkari Bk- Cidco Aurangabad branch is mapped to IFSC SVCB0023010 on the RBI payments network. The branch generally supports the full retail product catalogue of The Shamrao Vithal Cooperative Bank, 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 SVCB0023010.

Banking services available

The Shankar Nagari Sahkari Bk- Cidco Aurangabad branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 240-2472444.

• 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 SVCB0023010

How to transfer money using IFSC SVCB0023010

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 SVCB0023010 across all three.

How to use IFSC SVCB0023010 for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to The Shamrao Vithal Cooperative Bank's SHANKAR NAGARI SAHKARI BK- CIDCO AURANGABAD branch. NEFT now settles on a 24x7 basis in half-hourly batches and has no upper limit for retail customers (individual banks may impose their own caps).

1. Log in to your internet banking or mobile banking app.
2. Choose Add Beneficiary and select NEFT / Other Bank.
3. Enter the beneficiary name, account number and the IFSC SVCB0023010.
4. Confirm the bank name auto-populates as The Shamrao Vithal Cooperative Bank and the branch as SHANKAR NAGARI SAHKARI BK- CIDCO AURANGABAD.
5. Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.

Real-Time Gross Settlement to SHANKAR NAGARI SAHKARI BK- CIDCO AURANGABAD

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- CIDCO AURANGABAD branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC SVCB0023010 while initiating the transfer and the credit will appear within minutes.

Send money instantly through IMPS

For a real-time, anytime transfer to The Shamrao Vithal Cooperative Bank – SHANKAR NAGARI SAHKARI BK- CIDCO AURANGABAD, use IMPS. With IFSC SVCB0023010 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.

NEFT vs RTGS vs IMPS — which one should you use?

All three modes accept the IFSC SVCB0023010 for The Shamrao Vithal Cooperative Bank – SHANKAR NAGARI SAHKARI BK- CIDCO AURANGABAD, 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.

For most retail customers crediting the Shankar Nagari Sahkari Bk- Cidco Aurangabad 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 SVCB0023010

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- CIDCO AURANGABAD is still mapped to IFSC SVCB0023010. 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 SVCB0023010 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 Shankar Nagari Sahkari Bk- Cidco Aurangabad 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 SVCB0023010 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 Shankar Nagari Sahkari Bk- Cidco Aurangabad branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC SVCB0023010 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

Things to verify before sending money

Banking errors are usually small typos that snowball into delayed credits and customer-care follow-ups. Use this short checklist before you confirm any transfer to The Shamrao Vithal Cooperative Bank – SHANKAR NAGARI SAHKARI BK- CIDCO AURANGABAD:

• The IFSC is exactly SVCB0023010 with no extra spaces.
• The beneficiary's account number matches what they shared, digit for digit.
• The portal auto-fills The Shamrao Vithal Cooperative Bank as the bank name and SHANKAR NAGARI SAHKARI BK- CIDCO AURANGABAD as the branch.
• The amount and the purpose of payment are correct.
• You have a valid OTP-verifying mobile number on hand.

A 30-second review here saves hours of reconciliation later.

How to reach the Shankar Nagari Sahkari Bk- Cidco Aurangabad branch

The branch is located at SAGAR PLAZA, NEAR HIGH COURT, AURANGABAD, which puts it inside Aurangabad, the broader Aurangabad district, and the state of Maharashtra. To plan your visit:

1. Open Google Maps on your phone and search for “The Shamrao Vithal Cooperative Bank Shankar Nagari Sahkari Bk- Cidco Aurangabad branch” — the verified location pin for IFSC SVCB0023010 should appear at the top of the results.
2. Confirm the branch is open by calling 240-2472444 before stepping out, especially around public holidays.
3. Carry photo ID and any account-related documents you may need for the transaction you plan to do.

Most banking work — passbook updates, fund transfers, statement downloads — can also be completed online without visiting the branch in person, as long as you know the IFSC SVCB0023010 and your account number.

Verifying IFSC SVCB0023010 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 SVCB0023010 by:

• Looking at the cheque leaf – IFSC is printed near the MICR band.
• Opening the passbook's first page.
• Calling the branch directly on 240-2472444.
• Visiting the bank's official branch locator page.

Branch banking hours and holidays

Indian bank branches typically operate from 10:00 AM to 4:00 PM, Monday to Friday, and from 10:00 AM to 2:00 PM on working Saturdays (usually the 1st, 3rd and 5th Saturdays). The Shankar Nagari Sahkari Bk- Cidco Aurangabad branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC SVCB0023010, however, work 24x7.

Branch address & contact

Frequently asked questions

Summary

The IFSC code SVCB0023010 belongs to The Shamrao Vithal Cooperative Bank's SHANKAR NAGARI SAHKARI BK- CIDCO AURANGABAD branch, located at SAGAR PLAZA, NEAR HIGH COURT, AURANGABAD in AURANGABAD, MAHARASHTRA. 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.