IFSC Code of The Shamrao Vithal Cooperative Bank, Mah. Nagari Sah.Bk-Vivekanand Chwk Branch, Maharashtra

This page lists the IFSC code, branch address, contact number and fund-transfer information for The Shamrao Vithal Cooperative Bank, MAH. NAGARI SAH.BK-VIVEKANAND CHWK branch in LATUR. The 11-digit IFSC SVCB0024003 uniquely identifies this branch in the RBI's centralised payments network and is required for every NEFT, RTGS or IMPS transaction routed to this branch. If you are paying somebody who banks with The Shamrao Vithal Cooperative Bank at the MAH. NAGARI SAH.BK-VIVEKANAND CHWK location, this is the only IFSC you need.

We have organised this page into clearly labelled sections so you can jump straight to the part that interests you — the IFSC and MICR details, the full postal address, the contact phone number, a quick primer on NEFT, RTGS and IMPS, the typical product line-up at the branch, and a frequently asked questions section that addresses the queries people raise most often about this branch.

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, SVCB0024003 is the IFSC of The Shamrao Vithal Cooperative Bank's MAH. NAGARI SAH.BK-VIVEKANAND CHWK branch. The format is fixed: SVCB = bank code, 0 = reserved, 024003 = branch identifier.

About The Shamrao Vithal Cooperative Bank

The Shamrao Vithal Cooperative Bank operates a wide network of branches across India, including the Mah. Nagari Sah.Bk-Vivekanand Chwk branch in Latur. 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, SVCB0024003.

Branch details at a glance

About the Mah. Nagari Sah.Bk-Vivekanand Chwk branch

The Mah. Nagari Sah.Bk-Vivekanand Chwk branch of The Shamrao Vithal Cooperative Bank is situated at VIVEKANAND CHOWK, LATUR -413512. 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 SVCB0024003 is used.

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 MAH. NAGARI SAH.BK-VIVEKANAND CHWK of The Shamrao Vithal Cooperative Bank — its own 11-character IFSC. The code SVCB0024003 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 SVCB0024003 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 Mah. Nagari Sah.Bk-Vivekanand Chwk branch is mapped to IFSC SVCB0024003 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 SVCB0024003.

Banking services available

The Mah. Nagari Sah.Bk-Vivekanand Chwk branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 2382-250726.

• 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 SVCB0024003

How to transfer money using IFSC SVCB0024003

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 SVCB0024003 across all three.

NEFT to The Shamrao Vithal Cooperative Bank, MAH. NAGARI SAH.BK-VIVEKANAND CHWK using IFSC SVCB0024003

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 SVCB0024003, and confirm that the system picks up The Shamrao Vithal Cooperative Bank – MAH. NAGARI SAH.BK-VIVEKANAND CHWK. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

RTGS transfers via IFSC SVCB0024003

RTGS (Real-Time Gross Settlement) is the fastest high-value transfer mechanism in India. It is meant for transfers of ₹2 lakh and above and settles each transaction individually and instantly. To remit through RTGS to The Shamrao Vithal Cooperative Bank – MAH. NAGARI SAH.BK-VIVEKANAND CHWK, ensure your bank's portal accepts IFSC SVCB0024003 while registering the beneficiary. RTGS is also available 24x7.

IMPS to The Shamrao Vithal Cooperative Bank MAH. NAGARI SAH.BK-VIVEKANAND CHWK (IFSC SVCB0024003)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC SVCB0024003 in your mobile or internet banking app, and the money is credited to the MAH. NAGARI SAH.BK-VIVEKANAND CHWK branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to Mah. Nagari Sah.Bk-Vivekanand Chwk

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 SVCB0024003:

• 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 MAH. NAGARI SAH.BK-VIVEKANAND CHWK is still linked to IFSC SVCB0024003.

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 SVCB0024003

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 – MAH. NAGARI SAH.BK-VIVEKANAND CHWK is still mapped to IFSC SVCB0024003. 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 SVCB0024003 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 Mah. Nagari Sah.Bk-Vivekanand Chwk 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 SVCB0024003 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 Mah. Nagari Sah.Bk-Vivekanand Chwk branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC SVCB0024003 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 – MAH. NAGARI SAH.BK-VIVEKANAND CHWK:

• The IFSC is exactly SVCB0024003 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 MAH. NAGARI SAH.BK-VIVEKANAND CHWK 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.

Reaching the branch

The Mah. Nagari Sah.Bk-Vivekanand Chwk branch sits at VIVEKANAND CHOWK, LATUR -413512. If you are travelling from outside Latur, search for the branch on a maps application using the bank name and locality, or call 2382-250726 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 SVCB0024003 and your account number.

Verifying IFSC SVCB0024003 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 SVCB0024003 by:

• Looking at the cheque leaf – IFSC is printed near the MICR band.
• Opening the passbook's first page.
• Calling the branch directly on 2382-250726.
• Visiting the bank's official branch locator page.

Working hours

Branch counters at Mah. Nagari Sah.Bk-Vivekanand Chwk 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 SVCB0024003 continue to work without interruption.

Branch address & contact

Frequently asked questions

Final notes

To recap: SVCB0024003 is the IFSC code of The Shamrao Vithal Cooperative Bank, MAH. NAGARI SAH.BK-VIVEKANAND CHWK branch, in LATUR, 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.