Use this page as a one-stop reference for everything related to The Shamrao Vithal Cooperative Bank's SHANKAR NAGARI SAHKARI BK- NARSI branch in NAIGAON, MAHARASHTRA. The branch's IFSC code SVCB0023009 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 The Shamrao Vithal Cooperative Bank's SHANKAR NAGARI SAHKARI BK- NARSI branch, the IFSC SVCB0023009 breaks down as follows: SVCB identifies the bank, 0 is the reserved character, and 023009 identifies this particular branch.
Branch details at a glance
| Bank Name | The Shamrao Vithal Cooperative Bank |
|---|---|
| Branch | Shankar Nagari Sahkari Bk- Narsi |
| IFSC Code | SVCB0023009 |
| MICR Code | Refer to cheque leaf |
| Branch Address | NARSI CHOWK, NARSI, TQ. NAIGAON, DIST. NANDED. |
| City | Naigaon |
| District | Nanded |
| State | Maharashtra |
| STD Code | 2465 |
| Phone | 266444 |
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- Narsi branch in Naigaon. 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, SVCB0023009.
About the Shankar Nagari Sahkari Bk- Narsi branch
The Shankar Nagari Sahkari Bk- Narsi branch of The Shamrao Vithal Cooperative Bank is situated at NARSI CHOWK, NARSI, TQ. NAIGAON, 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 SVCB0023009 is used.
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 The Shamrao Vithal Cooperative Bank's SHANKAR NAGARI SAHKARI BK- NARSI branch came to be assigned the code SVCB0023009.
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 SVCB0023009, money simply cannot be routed to the SHANKAR NAGARI SAHKARI BK- NARSI branch electronically.
How to transfer money using IFSC SVCB0023009
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 SVCB0023009 across all three.
NEFT to The Shamrao Vithal Cooperative Bank, SHANKAR NAGARI SAHKARI BK- NARSI using IFSC SVCB0023009
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 SVCB0023009, and confirm that the system picks up The Shamrao Vithal Cooperative Bank – SHANKAR NAGARI SAHKARI BK- NARSI. 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- NARSI
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- NARSI branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC SVCB0023009 while initiating the transfer and the credit will appear within minutes.
IMPS to The Shamrao Vithal Cooperative Bank SHANKAR NAGARI SAHKARI BK- NARSI (IFSC SVCB0023009)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC SVCB0023009 in your mobile or internet banking app, and the money is credited to the SHANKAR NAGARI SAHKARI BK- NARSI branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC SVCB0023009 for The Shamrao Vithal Cooperative Bank – SHANKAR NAGARI SAHKARI BK- NARSI, 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 – SVCB0023009 | Yes – SVCB0023009 | Yes – SVCB0023009 |
For most retail customers crediting the Shankar Nagari Sahkari Bk- Narsi 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 SVCB0023009
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- NARSI is still mapped to IFSC SVCB0023009. 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 SVCB0023009 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the Shankar Nagari Sahkari Bk- Narsi branch is mapped to IFSC SVCB0023009 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 SVCB0023009.
Products and services
Customers walking into the Shankar Nagari Sahkari Bk- Narsi 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 SVCB0023009
MICR & cheque-truncation details
Cheques drawn on the Shankar Nagari Sahkari Bk- Narsi branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC SVCB0023009 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Digital banking channels
Most day-to-day work that customers used to do at the Shankar Nagari Sahkari Bk- Narsi 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 SVCB0023009 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.
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- NARSI:
- The IFSC is exactly SVCB0023009 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- NARSI 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- Narsi branch
The branch is located at NARSI CHOWK, NARSI, TQ. NAIGAON, DIST. NANDED., which puts it inside Naigaon, the broader Nanded district, and the state of Maharashtra. To plan your visit:
- Open Google Maps on your phone and search for “The Shamrao Vithal Cooperative Bank Shankar Nagari Sahkari Bk- Narsi branch” — the verified location pin for IFSC SVCB0023009 should appear at the top of the results.
- Confirm the branch is open by calling 2465-266444 before stepping out, especially around public holidays.
- 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 SVCB0023009 and your account number.
Verifying IFSC SVCB0023009 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 SVCB0023009 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 2465-266444.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Shankar Nagari Sahkari Bk- Narsi 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 SVCB0023009 continue to work without interruption.
Branch address & contact
The Shamrao Vithal Cooperative BankShankar Nagari Sahkari Bk- Narsi Branch
NARSI CHOWK, NARSI, TQ. NAIGAON, DIST. NANDED.
Naigaon, Maharashtra
Phone: 2465-266444
IFSC: SVCB0023009
Frequently asked questions
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- Narsi branch but serve different purposes.
Is IFSC SVCB0023009 valid for NEFT and RTGS?
Yes. IFSC SVCB0023009 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
How do I add The Shamrao Vithal Cooperative Bank Shankar Nagari Sahkari Bk- Narsi as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC SVCB0023009, and complete OTP verification. Once activated, you can transfer funds at any time.
Can I use IFSC SVCB0023009 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC SVCB0023009 to send funds instantly.
What is the phone number of The Shamrao Vithal Cooperative Bank Shankar Nagari Sahkari Bk- Narsi branch?
You can reach the branch at 2465-266444 during regular banking hours.
Where is The Shamrao Vithal Cooperative Bank Shankar Nagari Sahkari Bk- Narsi branch located?
The Shamrao Vithal Cooperative Bank's Shankar Nagari Sahkari Bk- Narsi branch is located at NARSI CHOWK, NARSI, TQ. NAIGAON, DIST. NANDED., Naigaon, Maharashtra.
Is IFSC SVCB0023009 the same for all accounts at Shankar Nagari Sahkari Bk- Narsi branch?
Yes. The IFSC SVCB0023009 is shared by every account held at The Shamrao Vithal Cooperative Bank's Shankar Nagari Sahkari Bk- Narsi branch. Only the account number changes from customer to customer.
Final notes
To recap: SVCB0023009 is the IFSC code of The Shamrao Vithal Cooperative Bank, SHANKAR NAGARI SAHKARI BK- NARSI branch, in NAIGAON, 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.
More Articles for IFSC Code
IFSC Code of Zila Sahakri Bank Limited Ghaziabad, Loni Branch, Uttar Pradesh
