SVC Co Operative Bank IFSC Code and MICR Code

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

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SVC Co Operative Bank IFSC Code, MICR Code and SWIFT Code

Not many people are usually aware of necessary bank credentials like the IFSC code. The IFSC code aids in the identification of your branch. In most financial transactions, it is a mandatory input. The IFSC code SVC Bank similarly identifies your bank branch.

The SVC Co-Operative Bank Limited, also referred to as the Shamrao Vithal Bank, has around 198 branches all over India. The headquarters of the SVC Bank is in Mumbai.

The most important feature of the IFSC code is identification. The Reserve Bank of India issues the IFSC code, and you need to provide the IFSC code to complete transactions through electronic funds transfer platforms such as NEFT, RTGS, and IMPS.

To ensure that all transactions using the IFSC code are safe, the RBI keeps track of them. MICR, which is another significant credential, is also a distinct credential. The MICR code is present on the check leaf, and the bank requires it to process and validate cheque payments.

To learn more about these codes and how to use them to perform electronic transactions, consult this comprehensive guide.

SVC Co-Operative Bank IFSC Code


The IFSC code SVC Bank is an 11-digit alphanumeric code. It's given in your bank account documents and other financial statements. When you conduct online financial transactions or payments, it's one of the most crucial things you need to fill out.

This code allows you to perform safe and straightforward paperless transactions. The IFSC code has a specific format, written as 'CDEF0456789'. For example, the SVC Co-Operative Bank Bandra branch IFSC code is SVCB0000003.

The first four digits (SVCB) reflect the name of your bank, the fifth digit is always a zero (0), and the final six numbers (000003) identify your bank branch.

SVC Co-Operative Bank Ltd. MICR Code

The SVC Co-Operative Bank MICR Code is a unique nine-digit code. You can easily acquire this code from your cheque leaf. However, it has an entirely distinct function. This code makes it possible to identify and authenticate check payments.

MICR or Magnetic Ink Character Recognition technology creates the code. The MICR code has nine characters and is in the format '123456789'. The SVC Co-Operative Bank MICR code for the Bandra branch in Mumbai, for example, is 400089003.

The first three digits (400) signify the city name, and they also correspond to the PIN code in use for postal addresses. The next three numbers (089) denote your bank, and the last three digits (003) give the bank branch.

How To Find The IFSC Code & MICR Code Of The SVC Co-Operative Bank Ltd.?


The IFSC code and MICR code for SVC Co-Operative Bank Ltd. are necessary credentials you must remember at all times. These can assist you in completing payments in several ways. You can get these codes by multiple methods. These are:

Find Your Bank

Find Your Bank is a simple website that has come up as one of the finest methods to get your IFSC and MICR codes. This website also contains a plethora of other banking-related resources. Also, You can download the Find your bank mobile app from the Play store so that you can get a quick search any time.

To receive the IFSC code for SVC Bank and even the MICR code for your branch, go to its official website and enter the information. Once you complete entering all of the necessary information, press the enter key, and relevant search results will come up with the required IFSC and MICR codes.

Bank Documents

Your bank's documents and records will always include essential credentials. You can easily locate the IFSC and MICR codes for SVC Co-Operative Bank Ltd. on your passbook as well as cheque book.


You can also acquire your IFSC code and MICR code from the official website of the Reserve Bank of India. All the IFSC and MICR codes for Indian bank branches are present on the database stored by the Reserve Bank of India.

Netbanking and Mobile Banking

One more straightforward way to get a hold of these codes is through the Netbanking or Mobile banking platform of your bank. Using your username and password, you should first log in. Then, you can explore the various options present there and choose the ideal one to receive the codes you need.

Contact Your Bank

Don't worry if none of these strategies above work for you. You can simply choose to contact your local bank branch's customer service department. Accordingly, they will lead you through the appropriate processes.

How To Transfer Money Through NEFT, RTGS & IMPS?


In the current digital age, people prefer electronic money transfer procedures like NEFT, RTGS, and IMPS compared to traditional banking since they are easier and more efficient. You can utilize these services from anywhere with only a little information.

In addition to the IFSC code SVC Bank, you'll need the following credentials:

  • The transaction's worth
  • The beneficiary's bank's name
  • Name of the recipient
  • Account number of the remitter
  • Account number of the beneficiary
  • The IFSC code of the beneficiary's branch
  • Sender-to-receiver information, if applicable

These facts will always come in handy when making several payments using electronic transaction platforms.

NEFT (National Electronic Fund Transfer)

The Reserve Bank of India, or RBI, created the NEFT (National Electronic Fund Transfer System), which is now among the most extensively utilized methods for transferring funds quickly. It relies on the DNS (Deferred Net Settling) protocol and works in batches.

People often use the names National Electronic Fund Transfer and NEFT interchangeably. It works in batches and uses the DNS (Deferred Net Settling) protocol. The details of the NEFT service provided by SVC Co-Operative Bank Ltd. are:

Timings Available at all Times
Charges applicable
  • Rs 2 up to Rs 10,000/-
  • Rs 5 above Rs. 10,000/- and up to Rs. 1 Lakh
  • Rs 15 above Rs. 1 Lakh and up NIL to Rs. 2 Lakh
  • Rs 25 above Rs. 2 Lakh
Settlement Half-hourly batches
Maximum and Minimum limits No limits on NEFT

GST applicable.

NEFT payments go through net banking or mobile banking services. Select the NEFT option after logging in to the platform. Then, to add your beneficiary, fill in the appropriate information. Before completing the NEFT transaction, read the terms and conditions.


RTGS, or Real-Time Gross Settlement, is another electronic transaction technique that operates on a real-time settlement. The phrase "real-time" refers to transactions completed immediately when they receive it. RTGS payments run in a gross or individual system.

RTGS payments are an apt fund transfer option, especially for larger sums, because they are non-reversible. The following are the details of SVC Co-Operative Bank Ltd.'s RTGS service:

Timings Bank Working Hours
Charges applicable
  • Rs 25.00 per transaction of Rs 2 lakhs to Rs 5 lakhs 
  • Rs. 50.00 above Rs. 5 Lakh
Settlement Real-time
Minimum and maximum limit
  • The minimum limit is Rs. 2 lakhs
  • There is no maximum limit

GST applicable.

To use the RTGS service, log in to your SVC Co-Operative Bank online or mobile banking account. Then choose RTGS fund transfer and input the IFSC code SVC Bank and the other credentials mentioned previously.

Before completing any transfer, double-check the information you enter and carefully read the terms and conditions.


IMPS is an immediate or instant electronic fund transfer system that runs around the clock, including holidays, and runs 365 days a year. When it comes to money transfer techniques, it is a popular choice since the settlement is immediate and the process is simple. 

To utilize the IMPS service, go to the SVC Co-Operative Bank's online or mobile banking interface. To effectively complete an IMPS transaction, you'll need:

  • Mobile Money Identifier code or MMID
  • MMID code of the beneficiary
  • Number of the beneficiary's bank account
  • Your mobile telephone/number
  • The AADHAR card number of the beneficiary
  • IFSC code of the beneficiary's branch

The following are the details of SVC Co-Operative Bank's IMPS service:

Timings Available all Times
Settlement Instant
  • Up to Rs. 1 Lakh - Rs. 5 
  • Rs. 1 Lakh to Rs. 2 Lakhs - Rs. 15
Minimum limit Rs. 10
Maximum limit Rs. 2 Lakhs

GST applicable.

You will get a passcode throughout the transaction, which you must input in order to accomplish the transaction correctly. Upon the completion of your transaction, you will get a confirmation text message with the transaction number to your appropriate mobile number.

It means that your transaction is successful. By using the transaction number provided to you, you may keep track of the transaction. It will also come in handy in any instance where something goes wrong. 

You must give the remitter your bank account and branch details if you wish to receive money via one of the aforementioned electronic transfer options.

About The SVC Co-Operative Bank Ltd.


The Shamrao Vithal Co-Operative Bank Ltd. (SVC Bank), commonly known as the SVC Cooperative Bank Limited, is an Indian scheduled bank founded in 1906. It focuses on aiding the society's underprivileged sections in their economic endeavors, encouraging savings, and generating cash for providing financial aid to eligible members.

The Maharshi of Co-operation, Late Rao Bahadur Shripad Subbarao Talmaki, was the principal architect of the bank and was named after Late Shamrao Vithal Kaikini, his main guiding force and Guru. On December 27, 1906, the bank was established as a Co-Operative Credit Society.

Currently, this bank is one of the country's oldest and most well-known brands in cooperative banking and stands as the sole multi-state scheduled bank in the country, with operations in 11 states. 

This bank, which has its headquarters in the city of Mumbai, has a network of 198 branches and approximately 2500 employees. SVC Bank is most known for its honest and strong ties with both its customers and staff and is a proud institution with an extensive client base.

Frequently  Asked Questions

1) How Many Branches Does SVC Have In India?

The SVC bank has its headquarters in Mumbai, a network of 198 branches, and approximately 2500 employees.

2) What Is The SVC Bank Customer Care Number?

You can call the customer care of SVC Bank for any queries. You can access their phone banking service by calling on 1800 313 2120. Their support team is ready and equipped to help you with any concerns.

3) What Is The Full Form Of SVC Bank?

Shamrao Vithal Co-op. Bank Ltd. is the full name of SVC Co-Operative Bank. This bank was established in 1906 in India as a Co-Operative Credit Society.

4) What Is MMID?

The abbreviation of the Mobile Money Identifier code is MMID. It's a seven-digit number that the bank assigns to all registered clients who use the mobile banking platform. A valid MMID code is mandatory to complete an IMPS transaction.

5) What Is The Difference Between NEFT And RTGS?

Electronic payment services such as NEFT and RTGS are available through internet banking services. RTGS transactions are settled individually, and it functions in real-time during RTGS business hours. On the other hand, NEFT transactions are processed in batches, generally between the hours of 8 a.m. and 7 p.m. on bank business days.