The Shamrao Vithal Cooperative Bank IFSC and MICR Code:

State wise list of The Shamrao Vithal Cooperative Bank IFSC code, MICR code and addresses of all branches in India

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The Shamrao Vithal Co-operative Bank Limited (SVC Bank) IFSC Code:

Internet, mobile banking and the growing e-commerce culture, has made transfer of funds between accounts, devoid of hassle. You don’t have to limit yourself to physical modes of money exchange/transfer anymore. The Shamrao Vithal Co-operative Bank offers its internet banking feature to customers who can register online and transfer funds effortlessly from an account to another of the same bank or different. Transfer of money using the electronic fund transfer system can be done between individuals or companies.

An Indian Financial System Code or IFSC is an 11-character code which is given in the alpha-numeric format. RBI grants an IFSC code to each branch of the bank to give them a unique identification. The code plays an important role in inter-bank electronic funds transfer by identifying the sender’s and beneficiary’s bank. The first 4 characters of the IFSC code suggest the name of the bank, the fifth character is usually always zero (0), the last 6 digits refer to the particular branch of the bank.

Example: SVCB0000158 is the IFSC code for the Indira Nagar branch of the Shamrao Vithal Co-operative Bank in Karnataka. In this case, ‘SVCB’ represents the name of the bank, Shamrao Vithal Co-operative Bank and the last 6 characters ‘000158’ refer to the branch of the bank, Indira nagar. Other branches of SVC Bank in Bangalore will have a different IFSC code.

How to Search for The Shamrao Vithal Co-operative Bank Limited (SVC Bank) IFSC & MICR Codes?

There are various easy ways to find IFSC code of a specific branch of SVC.

Offline, you can always contact you branch over the phone or visit the bank branch personally to get the IFSC code. You can also find the IFSC code and MICR code of the particular branch on the cheque book issued by SVC Bank.

The official site of SVC Bank also lists the IFSC codes of all branches of the bank.

Online, you can search for IFSC codes via third party websites that enable you to input other details of the bank and generate the queried IFSC code of the bank branch.

One such website is BankBazaar, where you can search for the IFSC code of any branch of the bank. The main page of the website has a tab named ‘Bank IFSC Code’, which opens another page upon clicking. The page carries many fields that prompt you to input other details of the bank such as Name of the Bank, District, State and Branch name. Once you enter all the details on the page, the website automatically gives the IFSC and the MICR code of the particular branch, queried for.

SVC Bank allows you to use easy electronic money transfer systems such as NEFT and RTGS that are efficient, safe, secure and fast. With help of these reliable systems, under the guidance of RBI, you can now experience hassle-free money transfers at SVC Bank. You can now transfer money anywhere within the country at any time to another account in the same bank or a different bank.

National Electronic Fund Transfer (NEFT):

NEFT is an eco-friendly money transfer method used to transfer funds between individuals as well as organizations. NEFT works on a centralized accounting system where both the sender’s and beneficiary’s bank account operate at a single centre and process instructions. The beneficiary account is credited on the same day or the next, based on the time at which the settlement was made. You can use this mode of transfer only within the country either between accounts of the same bank or within different banks. SVC Bank also allows walk-in customers to avail this facility and make money transfers using NEFT from any of their branches.

The details required during a NEFT transaction are beneficiary’s name, account number, bank’s name, and the IFSC code of the bank’s branch.

NEFT Charges:

SVC Bank charges customers for the outward remittances. The charges are:

Amount range

Charge per transaction

Upto Rs.10,000


Rs.10,000 to Rs.1 lakh


Rs.1 lakh to Rs.2 lakh


Above Rs.2 lakh


NEFT Timings:

At SVC Bank, NEFT transactions take place according to the following schedule:



Monday - Friday

08:00am to 06:30pm


08:00am to 12:30pm

RBI settles NEFT transactions in the following batches throughout the day:

Weekdays- 09:00, 10:00, 11:00, 12:00, 13:00,14:00, 15:00, 17:00, 18:00 and 17:00 hours.

Saturdays- 09:00, 10:00, 11:00, 12:00 and 13:00.

Real Time Gross Settlement (RTGS):

RTGS is the fastest mode of money transfer in the world of banking as the processing time is instant and continuous. Fund transfer in this system takes place ‘real-time’ and on a ‘gross’ basis. ‘Real time’ implies the transaction does not involve any waiting period. ‘Gross Settlement’ refers to the process being independent and not being linked to any other transaction. This mode is preferred for high value transactions as there is no cap in RTGS. However there is a lower limit and the minimum amount is Rs.2 lakh.

For carrying out a RTGS remittance at SVC Bank, the sender has to input the following details: amount to be transferred, sender’s account number, beneficiary’s account number, bank name, bank’s branch name, IFSC code of the receiving bank branch.

RTGS Charges:

SVC Bank levies charges on customers for outward RTGS remittances.

For amounts between Rs.2 lakh to Rs.5 lakh, SVC Bank charges Rs.25+Time based charges.

For amounts above Rs.5 lakh, the bank charges Rs.50+Time based charges.

Time based charges:

09:00-12:00 hours – Nil

09:00-15:30 hours – Rs.1 per transaction

15:30-17:30 hours – Rs.5 per transaction

After 17:30 – Rs.10 per transaction

Founded with modest beginnings in 1906, The Shamrao Vithal Co-operative Bank (SVC Bank) was registered in the name of a Co-operative Credit Society. The main mission of the bank was to aid the economically challenged part of the community and encourage the habit of saving. The multi-state scheduled bank believes in maintaining transparency, accessibility and trust with their stakeholders.

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