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

Use this page as a one-stop reference for everything related to The Shamrao Vithal Cooperative Bank's WAI URBAN COOP BK LTD- UTTAMNAGAR branch in SHIVANE, MAHARASHTRA. The branch's IFSC code SVCB0016022 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 WAI URBAN COOP BK LTD- UTTAMNAGAR branch, the IFSC SVCB0016022 breaks down as follows: SVCB identifies the bank, 0 is the reserved character, and 016022 identifies this particular branch.

About The Shamrao Vithal Cooperative Bank

The Shamrao Vithal Cooperative Bank operates a wide network of branches across India, including the Wai Urban Coop Bk Ltd- Uttamnagar branch in Shivane. 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, SVCB0016022.

About this branch

The branch is located at PANDHARINATH NAGAR HOUSING SOCIETY, GROUND FLOOR, SHOP NO 11,12,13 NDA ROAD, SR NO 84/1, AT POST- SHIVANE UTTAMNAGAR, TALUKA HAVELI, PUNE- 411023. It serves the Shivane 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 SVCB0016022 is used to identify this branch on the RBI payments network.

Branch details at a glance

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- UTTAMNAGAR branch came to be assigned the code SVCB0016022.

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 SVCB0016022, money simply cannot be routed to the WAI URBAN COOP BK LTD- UTTAMNAGAR branch electronically.

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 SVCB0016022 and the account number together uniquely identify the Wai Urban Coop Bk Ltd- Uttamnagar branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

How to transfer money using IFSC SVCB0016022

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 SVCB0016022 across all three.

How to use IFSC SVCB0016022 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 WAI URBAN COOP BK LTD- UTTAMNAGAR 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 SVCB0016022.
4. Confirm the bank name auto-populates as The Shamrao Vithal Cooperative Bank and the branch as WAI URBAN COOP BK LTD- UTTAMNAGAR.
5. Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.

RTGS transfers via IFSC SVCB0016022

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 – WAI URBAN COOP BK LTD- UTTAMNAGAR, ensure your bank's portal accepts IFSC SVCB0016022 while registering the beneficiary. RTGS is also available 24x7.

IMPS to The Shamrao Vithal Cooperative Bank WAI URBAN COOP BK LTD- UTTAMNAGAR (IFSC SVCB0016022)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC SVCB0016022 in your mobile or internet banking app, and the money is credited to the WAI URBAN COOP BK LTD- UTTAMNAGAR branch account within seconds.

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

All three modes accept the IFSC SVCB0016022 for The Shamrao Vithal Cooperative Bank – WAI URBAN COOP BK LTD- UTTAMNAGAR, 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- Uttamnagar 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.

How UPI relates to the IFSC code

UPI lets you pay using a short Virtual Payment Address instead of typing the IFSC every time, but behind the scenes every UPI mandate is mapped to an account number plus an IFSC. For accounts at The Shamrao Vithal Cooperative Bank's WAI URBAN COOP BK LTD- UTTAMNAGAR branch, the IFSC SVCB0016022 is what the National Payments Corporation of India (NPCI) uses to route the credit when you tap Pay on a UPI app.

That is why, even in the UPI era, it is still worth knowing the IFSC of your home branch — for failed UPI mandates, e-mandate set-ups, third-party platform onboarding and salary or refund credits.

Products and account variants supported

Every account opened at the Wai Urban Coop Bk Ltd- Uttamnagar branch is mapped to IFSC SVCB0016022 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 SVCB0016022.

Banking services available

The Wai Urban Coop Bk Ltd- Uttamnagar branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 20-9922419649.

• 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 SVCB0016022

Online banking and IFSC SVCB0016022

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- UTTAMNAGAR 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 SVCB0016022 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.

How to reach the Wai Urban Coop Bk Ltd- Uttamnagar branch

The branch is located at PANDHARINATH NAGAR HOUSING SOCIETY, GROUND FLOOR, SHOP NO 11,12,13 NDA ROAD, SR NO 84/1, AT POST- SHIVANE UTTAMNAGAR, TALUKA HAVELI, PUNE- 411023, which puts it inside Shivane, the broader Pune 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 Wai Urban Coop Bk Ltd- Uttamnagar branch” — the verified location pin for IFSC SVCB0016022 should appear at the top of the results.
2. Confirm the branch is open by calling 20-9922419649 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 SVCB0016022 and your account number.

Common mistakes to avoid when using IFSC SVCB0016022

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- UTTAMNAGAR, 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: SVCB0016022.
• 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.

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 Wai Urban Coop Bk Ltd- Uttamnagar branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC SVCB0016022, however, work 24x7.

Verifying IFSC SVCB0016022 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 SVCB0016022 by:

• Looking at the cheque leaf – IFSC is printed near the MICR band.
• Opening the passbook's first page.
• Calling the branch directly on 20-9922419649.
• Visiting the bank's official branch locator page.

Branch address & contact

Frequently asked questions

Summary

The IFSC code SVCB0016022 belongs to The Shamrao Vithal Cooperative Bank's WAI URBAN COOP BK LTD- UTTAMNAGAR branch, located at PANDHARINATH NAGAR HOUSING SOCIETY, GROUND FLOOR, SHOP NO 11,12,13 NDA ROAD,… in SHIVANE, 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.