Shankar Nagari Sahakari Bank
Shankar Nagari Sahakari Bank IMPS BRANCH
+912466285566
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Understanding IFSC Code: The Digital DNA of Shankar Nagari Sahakari Bank
When performing any digital transaction in India, the Indian Financial System Code
(IFSC) acts as a critical identifier. For the Shankar Nagari Sahakari Bank IMPS
branch of Shankar Nagari Sahakari Bank, the code SVCB0023002 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 SVCB0023002 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 Shankar Nagari Sahakari Bank
Control Character
Always '0' (Reserved for future use)
Branch Locator
Unique code for Shankar Nagari Sahakari Bank IMPS
Payment Systems Supported by SVCB0023002
| 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—431811101—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 Shankar Nagari Sahakari Bank in NEW MONDHA typically follows the RBI holiday calendar. Digital transfers via SVCB0023002 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 SVCB0023002 is the valid code for Shankar Nagari Sahakari Bank IMPS at NEW MONDHA, ensure the beneficiary name matches perfectly in your mobile banking app.
Bank Search Indexing & Metadata
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Branch Context
- • Shankar Nagari Sahakari Bank IMPS Contact
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Platform Links
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- • IFSC Finder v2.0
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