Shree Veershaiv Co-operative Bank
RAICHUR BRANCH
+918532235915
Understanding IFSC Code: The Digital DNA of Shree Veershaiv Co-operative Bank
When performing any digital transaction in India, the Indian Financial System Code
(IFSC) acts as a critical identifier. For the RAICHUR
branch of Shree Veershaiv Co-operative Bank, the code SVSH0000029 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 SVSH0000029 Code
An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:
Bank Identity
"SVSH" represents Shree Veershaiv Co-operative Bank
Control Character
Always '0' (Reserved for future use)
Branch Locator
Unique code for RAICHUR
Payment Systems Supported by SVSH0000029
| 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——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 Shree Veershaiv Co-operative Bank in RAICHUR typically follows the RBI holiday calendar. Digital transfers via SVSH0000029 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 SVSH0000029 is the valid code for RAICHUR at RAICHUR, ensure the beneficiary name matches perfectly in your mobile banking app.
Bank Search Indexing & Metadata
Related Searches
- • Shree Veershaiv Co-operative Bank Branch List
- • RAICHUR IFSC Codes
- • Swift Code for Shree Veershaiv Co-operative Bank
- • Bank Holiday in KARNATAKA
Financial Tools
- • GST Calculator Online
- • Personal Loan EMI Calc
- • FD Interest Rates 2026
- • Currency Converter
Branch Context
- • RAICHUR Contact
- • Address of Shree Veershaiv Co-operative Bank
- • MICR Code Finder
- • KARNATAKA Banking Circle
Platform Links
- • Anand Design DevBox
- • SEO Performance Hub
- • Webmaster Tools
- • IFSC Finder v2.0
INDEXING TAGS: Shree Veershaiv Co-operative Bank SVSH0000029 code, find RAICHUR branch details, Shree Veershaiv Co-operative Bank RAICHUR contact number, KARNATAKA bank ifsc list, anand design banking suite, ifsc finder 2026, free bank branch locator, micr code for Shree Veershaiv Co-operative Bank RAICHUR, online neft rtgs imps guide india, how to find ifsc code of Shree Veershaiv Co-operative Bank.