IFSC code for Vyapari Sahakari Bank Maryadit Solapur, Vyapari sahakari bank maryadit solapur imps, Solapur, Maharashtra
Updated on: Sunday, December 1, 2024
IFSC CODE
HDFC0CVSBMS
Vyapari Sahakari Bank Maryadit Solapur
Vyapari Sahakari Bank Maryadit Solapur Imps, Mumbai, Maharashtra
Address
452 West Mangalwar Peth Solapur 413002
Vyapari Sahakari Bank Maryadit Solapur
Vyapari Sahakari Bank Maryadit Solapur Imps, Mumbai, Maharashtra
Address
452 West Mangalwar Peth Solapur 413002
Bank Details
IFSC Code
HDFC0CVSBMS
MICR Code
413592002
Bank Code
(Based on IFSC)
VYPX
Bank Code
(Based on MICR)
592
Contact
+919422067688
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IFSC Code of Vyapari Sahakari Bank Maryadit Solapur
Every Vyapari Sahakari Bank Maryadit Solapur branch in India has a unique Vyapari Sahakari Bank Maryadit Solapur IFSC Code. Vyapari Sahakari Bank Maryadit Solapur IFSC Code enables Vyapari Sahakari Bank Maryadit Solapur account holders to send and receive money electronically. Vyapari Sahakari Bank Maryadit Solapur IFSC Code is assigned by RBI (Reserve Bank of India) to each branch as it helps in carrying out RTGS and NEFT transactions smoothly.
Benefits of IFSC Code
Unique Identification: IFSC code helps in unique identification of all banks and their respective branches.
Smooth Fund Transfer: IFSC code enables convenient and hassle-free transfer of funds from one bank account to another.
Monitoring Transactions: IFSC code is used by RBI to keep track of all the bank transactions. It lowers the chances of discrepancy.
Format of Vyapari Sahakari Bank Maryadit Solapur IFSC Code HDFC0CVSBMS
The IFSC code of all accounts in the same branch of the bank is standard. It is an 11 digit alphanumeric code.
The first four letters of the code, i.e., HDFC, denotes the name of the bank which is Vyapari Sahakari Bank Maryadit Solapur.
The fifth character is 0.
The last six digits of the code, i.e., CVSBMS, represents the branch which is Vyapari Sahakari Bank Maryadit Solapur
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MICR Code of Vyapari Sahakari Bank Maryadit Solapur
Every Vyapari Sahakari Bank Maryadit Solapur branch in India has a unique Vyapari Sahakari Bank Maryadit Solapur MICR Code. MICR code for Vyapari Sahakari Bank Maryadit Solapur can be found on a cheque leaf and bank passbook. It is a 9 digit code printed on the last line of a cheque leaf. One can also find MICR code on the website of Vyapari Sahakari Bank Maryadit Solapur. MICR code is used for faster and secure processing of cheques.
Benefits of MICR Code
High Level of Security: The use of magnetic ink ensures MICR characters are readable even if a document is obscured by marks.
Authentication of Docs: MICR code authenticates the originality and legality of paper based docs. in the banking system.
Faster Processing: There is no manual input and hence the processing of MICR information is fast and errors are reduced.
