Sir M Visvesvaraya Co Operative Bank IFSC Code and MICR Code

Find Sir M Visvesvaraya Co Operative Bank IFSC Code, MICR Code and branch details for NEFT, RTGS & IMPS transactions.

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Sir M Visvesvaraya Co Operative Bank IFSC Code, MICR Code and SWIFT Code

Established in 1079, Sir M Visvesvaraya Co-Operative Bank's main aim is to work towards the upliftment of the working classes. With a customer-oriented approach, the bank has introduced several advanced banking facilities, and the Sir M Visvesvaraya Co-Operative Bank IFSC code holds a crucial position here. 

Established in 1079, Sir M Visvesvaraya Co-Operative Bank's main aim is to work towards the upliftment of the working classes. With a customer-oriented approach, the bank has introduced several advanced banking facilities, and the Sir M Visvesvaraya Co-Operative Bank IFSC code holds a crucial position here. 

Sir M Visvesvaraya Co-Operative Bank is now operating with 22 branches and has its headquarters in Bangalore. Online fund transfer is one of the core facilities of digital banking, and IFSC, MICR, and SWIFT codes play a vital role in it. 

The MICR code helps in the faster clearing of cheques. The IFSC code is for making the system of online money transfer seamless, and banks use the SWIFT code for international fund transfers and exchanging messages between banks. Moving ahead, we'll discuss in detail all these services, so continue reading till the end. 

Sir M Visvesvaraya Co-Operative Bank IFSC code

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The Reserve Bank of India has introduced the system of India Financial System Code or IFSC code to identify bank branches. Each branch of any bank has its individual IFSC code. The Sir M Visvesvaraya Co-Operative Bank IFSC code falls under RBI format, and it's an eleven-character alphanumeric code. We can divide the IFSC code into three parts. 

The first part has four characters that represent the bank name. The central character is zero bank reserve for future usage, and the last six characters represent the bank location. The Sir M Visvesvaraya Co-Operative Bank Shankar Mutt Road Branch, IFSC code is MVCB0000002.

 As per the format, the first four letters- MVCB represents the Sir M Visvesvaraya Co-Operative Bank. 0 is the mid character, and the last six numbers 000002 represent the Shankar Mutt branch. There are three modes of making online fund transfers; NEFT, RTGS, and IMPS.

The IFSC code is necessary for all three modes, without which we can't make any successful transactions. The IFSC code instantly identifies the bank branch, making transactions smooth. Now you no longer have to visit bank branches every time you need to make a fund transfer. 

Sir M Visvesvaraya Co-Operative Bank MICR Code

Yet another banking code that is extremely important is the Magnetic Ink Character Recognition code. The MICR code is a nine-digit numerical code, and we can divide it into three parts too. The first three numbers represent the pin code city name.

The mid-part stands for the bank name, and the last three parts represent the branch code or location. The MICR code is printed using a unique magnetic ink that helps identify cheques and initiates faster processing. It identifies all bank branches participating in the electronic clearing system (ECS). 

How to Find the IFSC Code & MICR Code of Sir M Visvesvaraya Co-Operative Bank?

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You can find the Sir M Visvesvaraya Co-Operative Bank IFSC code and MICR code through multiple sources. All these sources are accessible at your fingertips within seconds. The easiest among all is the Find Your Bank website and mobile app. 

If you are looking for the Sir M Visvesvaraya Co-Operative Bank IFSC code on the Find Your Bank website, these are the steps you have to follow- 

After you select the respective tabs, the IFSC code and MICR code of the particular branch will appear on the screen. Downloading the Find Your Bank mobile app makes searching these codes even easier. 

You don't have to visit their website each time you need to find an IFSC code. Just open the app and follow the required steps. In addition to Find Your Bank, there are other sources to get the IFSC and MICR codes from. Let's have a look at these as well. 

Bank Passbook and Cheque Book 

 The bank passbook and cheque book always have the IFSC code and the MICR code printed. You can simply open your Visvesvaraya Bank's passbook or cheque book whenever you need the codes. You can see the IFSC code at the top and the MICR code at the bottom. 

Reserve Bank of India Website 

As the Reserve Bank of India has initiated the IFSC code system, they always keep a record of all banks' IFSC codes on their website. Therefore, you can look for the IFSC code on the RBI website too. 

Sir M Visvesvaraya Co-Operative Bank Net Banking Platforms 

Sir M Visvesvaraya Co-Operative Bank net banking platforms like the bank website or their mobile app are yet another good source to find the IFSC code. 

Reach Out to Bank's Customer Care Team

The Sir M Visvesvaraya Co-Operative Bank customer care team is always there to help their customers with any queries. If you can't access any of the above means, your last resort can be the customer support team to ask for the IFSC and MICR code. 

How to Transfer Money Through NEFT, RTGS, and IMPS?

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NEFT, RTGS, and IMPS are the three most widely used online fund transfer modes. These have made sending money anywhere a cakewalk. All you now need is a decent internet connection, your device, and receiver's details, and you are all set to transfer money. 

Let's learn in detail about the NEFT, RTGS, and IMPS fund transfer systems in detail. 

NEFT

National Electronic Fund Transfer is a DNS-based system where money is sent in batches. There is no lower or upper limit for NEFT, and it's available 24*7. To send money via NEFT, you need- 

  • Receiver's name
  • Receiver's account number
  • IFSC code
  • Beneficiary Bank name
  • Branch name 
  • The amount you are going to transfer 

RTGS

People use Real Time Gross Settlement (RTGS) for high-value money transfers. Here money is sent in real-time, as the name says, and the minimum transfer amount is Rs.2 lakhs. 

To send money via RTGS, you need- 

  • Receiver's name
  • Receiver's account number
  • IFSC code
  • Beneficiary Bank name
  • Branch name 
  • The amount you want to transfer 

IMPS

If you have to make any urgent fund transfer, IMPS is the ideal method. IMPS or Immediate Fund is an instant money transfer mode, so the fund gets deposited into the receiver's account immediately. 

The details required for IMPS are- 

  • Beneficiary's name 
  • MMID code (for transfer from person-person)
  • The IFSC code of the receiver's branch (for transfer from a person to an account)
  • Receiver's mobile number
  • Receiver's account number 

About Sir M Visvesvaraya Co-Operative Bank

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Sir M Visvesvaraya Co-Operative Bank was established in 1979, and currently, it has 22 branches spreading across the state of Karnataka. It's one of the most progressive coperative banks in India with the motive to help working-class people. 

The bank offers various banking services like a savings account, fixed deposit, recurring deposit, PPF account, personal loans, locker facility, net banking, mobile banking, digital fund transfer, e-wallet, Atal Pension Yojana, Pradhan Mantri Jandhan Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana, Pradhan Mantri Suraksha Bima Yojana, etc. 

The bank has expanded its horizon over the years, and now it has over 19,500 employees working under them. Additionally, Sir M Visvesvaraya Co-Operative Bank shares a capital worth 29.90 crores. 

Frequently Asked Questions

1) Which District Falls Under the Sir M Visvesvaraya Co-Operative Bank?

Sir M Visvesvaraya Co-Operative Bank falls under the district of Bangalore. 

2) What are the Services Offered by Sir M Visvesvaraya Co-Operative Bank? 

The facilities offered by the Sir M Visvesvaraya Co-Operative Bank are savings account, fixed deposit, recurring deposit, PPF account, personal loans, locker facility, net banking, mobile banking, digital fund transfer, e-wallet, Atal Pension Yojana, Pradhan Mantri Jandhan Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana, Pradhan Mantri Suraksha Bima Yojana, etc. 

3) What is the Sir M Visvesvaraya Co-Operative Bank Customer Care Number?

The Sir M Visvesvaraya Co-Operative Bank care number is- 08022956419/ 08022956420. You can also mail them at [email protected]