IFSC Code of The Shamrao Vithal Cooperative Bank, Wai Urban Coop Bk Ltd- Sangali City Branch, Maharashtra

Below are the complete branch details for The Shamrao Vithal Cooperative Bank, WAI URBAN COOP BK LTD- SANGALI CITY branch, located in SANGLI-MIRAJ-KUPWAD, MAHARASHTRA. The IFSC assigned by the Reserve Bank of India to this branch is SVCB0016024. 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 SVCB0016024 for The Shamrao Vithal Cooperative Bank – WAI URBAN COOP BK LTD- SANGALI CITY — saves you from rejected transfers, returned credits and the back-and-forth that follows them.

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 WAI URBAN COOP BK LTD- SANGALI CITY branch, the IFSC SVCB0016024 breaks down as follows: SVCB identifies the bank, 0 is the reserved character, and 016024 identifies this particular branch.

Branch details at a glance

About the bank

The Shamrao Vithal Cooperative Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Wai Urban Coop Bk Ltd- Sangali City branch in Sangli-Miraj-Kupwad, Maharashtra is part of this network and uses the IFSC code SVCB0016024 for all electronic settlement.

About this branch

The branch is located at CTS NO1058- A1 TO A5, GROUND FLOOR, NEAR MODERN BAKERY, ST STAND ROAD, GAONBHAG, SANGLI- 416416. It serves the Sangli-Miraj-Kupwad region and is connected to the bank's core banking platform, which means transactions initiated here are instantly visible across all other branches of The Shamrao Vithal Cooperative Bank. The IFSC SVCB0016024 is used to identify this branch on the RBI payments network.

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 WAI URBAN COOP BK LTD- SANGALI CITY branch came to be assigned the code SVCB0016024.

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 SVCB0016024, money simply cannot be routed to the WAI URBAN COOP BK LTD- SANGALI CITY branch electronically.

How to transfer money using IFSC SVCB0016024

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 SVCB0016024 across all three.

NEFT to The Shamrao Vithal Cooperative Bank, WAI URBAN COOP BK LTD- SANGALI CITY using IFSC SVCB0016024

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 SVCB0016024, and confirm that the system picks up The Shamrao Vithal Cooperative Bank – WAI URBAN COOP BK LTD- SANGALI CITY. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

Real-Time Gross Settlement to WAI URBAN COOP BK LTD- SANGALI CITY

If you need to transfer ₹2 lakh or more in one go to an account at The Shamrao Vithal Cooperative Bank's WAI URBAN COOP BK LTD- SANGALI CITY branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC SVCB0016024 while initiating the transfer and the credit will appear within minutes.

IMPS to The Shamrao Vithal Cooperative Bank WAI URBAN COOP BK LTD- SANGALI CITY (IFSC SVCB0016024)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC SVCB0016024 in your mobile or internet banking app, and the money is credited to the WAI URBAN COOP BK LTD- SANGALI CITY branch account within seconds.

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

All three modes accept the IFSC SVCB0016024 for The Shamrao Vithal Cooperative Bank – WAI URBAN COOP BK LTD- SANGALI CITY, 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 Wai Urban Coop Bk Ltd- Sangali City 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 SVCB0016024

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 – WAI URBAN COOP BK LTD- SANGALI CITY is still mapped to IFSC SVCB0016024. 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 SVCB0016024 and the beneficiary's account number to complete the transfer.

Account types you can open at the Wai Urban Coop Bk Ltd- Sangali City branch

Once you have an account at The Shamrao Vithal Cooperative Bank – WAI URBAN COOP BK LTD- SANGALI CITY, the IFSC SVCB0016024 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 Wai Urban Coop Bk Ltd- Sangali City 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 SVCB0016024

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 SVCB0016024 and the account number together uniquely identify the Wai Urban Coop Bk Ltd- Sangali City branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

Online banking and IFSC SVCB0016024

The Shamrao Vithal Cooperative Bank customers can register for net banking and the bank's official mobile app once their account at the WAI URBAN COOP BK LTD- SANGALI CITY 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 SVCB0016024 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.

Common mistakes to avoid when using IFSC SVCB0016024

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 – WAI URBAN COOP BK LTD- SANGALI CITY, 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: SVCB0016024.
• 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 Wai Urban Coop Bk Ltd- Sangali City branch sits at CTS NO1058- A1 TO A5, GROUND FLOOR, NEAR MODERN BAKERY, ST STAND ROAD, GAONBHAG, SANGLI- 416416. If you are travelling from outside Sangli-Miraj-Kupwad, search for the branch on a maps application using the bank name and locality, or call 91-8380012179 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 SVCB0016024 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC SVCB0016024 for The Shamrao Vithal Cooperative Bank – WAI URBAN COOP BK LTD- SANGALI CITY, 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 Wai Urban Coop Bk Ltd- Sangali City 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 SVCB0016024 continue to work without interruption.

Branch address & contact

Frequently asked questions

Summary

The IFSC code SVCB0016024 belongs to The Shamrao Vithal Cooperative Bank's WAI URBAN COOP BK LTD- SANGALI CITY branch, located at CTS NO1058- A1 TO A5, GROUND FLOOR, NEAR MODERN BAKERY, ST STAND ROAD,… in SANGLI-MIRAJ-KUPWAD, 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.