What is an IFSC code?


Indian Financial System Code (IFSC). It is used for electronic payment applications like Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), Immediate Payment Service, an interbank electronic instant mobile money transfer service (IMPS), and Centralised Funds Management System (CFMS) developed by Reserve Bank of India (RBI). The code has eleven characters "Alpha Numeric" in nature. First four characters represent bank, fifth character is default "0" left for future use and last six characters represent branch.

What is a MICR code?
MICR Code: Magnetic Ink Character Recognition as printed on cheque book to facilitate the processing of cheques.

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The Shamrao Vithal Cooperative Bank Wai Urban Coop Bk Ltd- Ambegaon Pune Branch IFSC/MICR Code Details
Bank Name THE SHAMRAO VITHAL COOPERATIVE BANK
Address SURVEY NO 34, HISSA NO 121, SHOP NO S1S2S3S4, BELDARE PRESTIGE, KATRAJ AMBEGAON ROAD, AMBEGAON, PUNE - 411046
State MAHARASHTRA
District PUNE
Branch WAI URBAN COOP BK LTD- AMBEGAON
IFSC Code SVCB0016021
Branch Code 016021 (Last six characters of IFSC code represent Branch code.)
MICR Code 411074262
Contact Phone 9922901643
via https://bankingzone.in/ifsc

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