SVC Co-operative Bank
WAI URBAN COOP BK LTD-PANCHGANI BRANCH
+912168240220
Understanding IFSC Code: The Digital DNA of SVC Co-operative Bank
When performing any digital transaction in India, the Indian Financial System Code
(IFSC) acts as a critical identifier. For the WAI URBAN COOP BK LTD-PANCHGANI
branch of SVC Co-operative Bank, the code SVCB0016002 ensures
that your funds are routed through the Reserve Bank of India's (RBI) structured network without manual
errors. In an era of instant payments, having the correct IFSC is as important as the account number
itself.
Anatomy of the SVCB0016002 Code
An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:
Bank Identity
"SVCB" represents SVC Co-operative Bank
Control Character
Always '0' (Reserved for future use)
Branch Locator
Unique code for WAI URBAN COOP BK LTD-PANCHGANI
Payment Systems Supported by SVCB0016002
| System | Transfer Limit | Processing Time |
|---|---|---|
| NEFT | No Minimum (Up to ₹50 Lakhs+) | Half-hourly batches (24x7) |
| RTGS | Minimum ₹2 Lakhs | Real-time settlement |
| IMPS | Up to ₹5 Lakhs | Instant (Mobile/P2P) |
Why do you need the MICR Code?
While IFSC is for digital transfers, the Magnetic Ink Character Recognition
(MICR) code—412939501—is primarily
used for the processing and clearance of physical cheques. This 9-digit code helps in
identifying the bank and branch during the Cheque Truncation System (CTS) cycle, making clearing
faster and error-free.
Bank Holidays & Availability
The SVC Co-operative Bank in PANCHGANI typically follows the RBI holiday calendar. Digital transfers via SVCB0016002 for NEFT/RTGS are now available 365 days a year, regardless of physical branch timings or Sunday closures.
Security Warning & Verification
Always verify the branch details before making a large payment. While SVCB0016002 is the valid code for WAI URBAN COOP BK LTD-PANCHGANI at PANCHGANI, ensure the beneficiary name matches perfectly in your mobile banking app.
Bank Search Indexing & Metadata
Related Searches
- • SVC Co-operative Bank Branch List
- • PANCHGANI IFSC Codes
- • Swift Code for SVC Co-operative Bank
- • Bank Holiday in MAHARASHTRA
Financial Tools
- • GST Calculator Online
- • Personal Loan EMI Calc
- • FD Interest Rates 2026
- • Currency Converter
Branch Context
- • WAI URBAN COOP BK LTD-PANCHGANI Contact
- • Address of SVC Co-operative Bank
- • MICR Code Finder
- • MAHARASHTRA Banking Circle
Platform Links
- • Anand Design DevBox
- • SEO Performance Hub
- • Webmaster Tools
- • IFSC Finder v2.0
INDEXING TAGS: SVC Co-operative Bank SVCB0016002 code, find WAI URBAN COOP BK LTD-PANCHGANI branch details, SVC Co-operative Bank PANCHGANI contact number, MAHARASHTRA bank ifsc list, anand design banking suite, ifsc finder 2026, free bank branch locator, micr code for SVC Co-operative Bank PANCHGANI, online neft rtgs imps guide india, how to find ifsc code of SVC Co-operative Bank.