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SVC Co-operative Bank

THE WAI URBAN CO-OP BANK LTD., WAI- JAISINGPUR BRANCH

+912322227422

IFSC CODE
SVCB0016027
MICR Code 416939153
Branch Code 016027
City / District JAISINGPUR
State MAHARASHTRA
Office Address CTS NO 943, LANE NO 8, AAZAD ROAD, JAISINGPUR, TALUKA- SHIROL, DISTRICT- KOLHAPUR 416101
Phone +912322227422
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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 THE WAI URBAN CO-OP BANK LTD., WAI- JAISINGPUR branch of SVC Co-operative Bank, the code SVCB0016027 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 SVCB0016027 Code

An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:

First 4

Bank Identity

"SVCB" represents SVC Co-operative Bank

5th Digit

Control Character

Always '0' (Reserved for future use)

Last 6

Branch Locator

Unique code for THE WAI URBAN CO-OP BANK LTD., WAI- JAISINGPUR

Payment Systems Supported by SVCB0016027

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—416939153—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 JAISINGPUR typically follows the RBI holiday calendar. Digital transfers via SVCB0016027 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 SVCB0016027 is the valid code for THE WAI URBAN CO-OP BANK LTD., WAI- JAISINGPUR at JAISINGPUR, ensure the beneficiary name matches perfectly in your mobile banking app.

RBI Verified NEFT Enabled RTGS 24x7

Bank Search Indexing & Metadata

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Financial Tools

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Branch Context

  • • THE WAI URBAN CO-OP BANK LTD., WAI- JAISINGPUR Contact
  • • Address of SVC Co-operative Bank
  • • MICR Code Finder
  • • MAHARASHTRA Banking Circle

Platform Links

  • • Anand Design DevBox
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  • • IFSC Finder v2.0

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