IFSC Code of The Shamrao Vithal Cooperative Bank, Chiplun Urban Bank-Margtamhane Branch, Maharashtra

This page lists the IFSC code, branch address, contact number and fund-transfer information for The Shamrao Vithal Cooperative Bank, CHIPLUN URBAN BANK-MARGTAMHANE branch in CHIPLUN. The 11-digit IFSC SVCB0006014 uniquely identifies this branch in the RBI's centralised payments network and is required for every NEFT, RTGS or IMPS transaction routed to this branch. If you are paying somebody who banks with The Shamrao Vithal Cooperative Bank at the CHIPLUN URBAN BANK-MARGTAMHANE location, this is the only IFSC you need.

We have organised this page into clearly labelled sections so you can jump straight to the part that interests you — the IFSC and MICR details, the full postal address, the contact phone number, a quick primer on NEFT, RTGS and IMPS, the typical product line-up at the branch, and a frequently asked questions section that addresses the queries people raise most often about this branch.

An IFSC (Indian Financial System Code) is an 11-character alphanumeric code issued by the Reserve Bank of India. It uniquely identifies every bank branch that participates in the RBI's electronic fund-transfer systems – NEFT, RTGS and IMPS. The first four characters represent the bank, the fifth is always a zero (reserved for future use), and the last six characters identify the specific branch.

For The Shamrao Vithal Cooperative Bank's CHIPLUN URBAN BANK-MARGTAMHANE branch, the IFSC SVCB0006014 breaks down as follows: SVCB identifies the bank, 0 is the reserved character, and 006014 identifies this particular branch.

Bank profile

The Shamrao Vithal Cooperative Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Chiplun Urban Bank-Margtamhane branch — IFSC SVCB0006014 — extends the bank's services to customers in and around Chiplun, Maharashtra.

Branch details at a glance

Chiplun Urban Bank-Margtamhane branch overview

Located at SALVI HOUSE NO.61, NEAR DR.NATU HOSPITAL,A/P.MARGTAMHANE- 415 702, the Chiplun Urban Bank-Margtamhane branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC SVCB0006014 is required for all interbank electronic transfers routed through this branch.

The role of IFSC in India's payments network

India's electronic payment infrastructure — NEFT, RTGS, IMPS, UPI and the National Automated Clearing House (NACH) — is built on a single principle: every participating bank branch must be uniquely identifiable by an alphanumeric code. The Reserve Bank of India introduced the IFSC system to fulfil this requirement, and that is how The Shamrao Vithal Cooperative Bank's CHIPLUN URBAN BANK-MARGTAMHANE branch came to be assigned the code SVCB0006014.

Whether you are receiving a salary on the first of the month, paying a vendor invoice, settling an EMI, or accepting a refund from an e-commerce platform, the IFSC is the silent piece of metadata that tells the network where your account lives. Without IFSC SVCB0006014, money simply cannot be routed to the CHIPLUN URBAN BANK-MARGTAMHANE branch electronically.

Account types you can open at the Chiplun Urban Bank-Margtamhane branch

Once you have an account at The Shamrao Vithal Cooperative Bank – CHIPLUN URBAN BANK-MARGTAMHANE, the IFSC SVCB0006014 stays the same regardless of the type of account you hold. The branch typically supports the following options:

• Savings account — for individuals, with chequebook, ATM card and net-banking access.
• Current account — for sole proprietors, partnerships and companies that need higher transaction volumes.
• Salary account — opened in bulk for corporate employees, often with zero-balance benefits.
• NRE / NRO accounts — for non-resident Indians who want to repatriate or maintain rupee balances in India.
• Fixed deposit and recurring deposit — term-based investment accounts with quarterly or cumulative interest.
• Senior citizen accounts — concessional minimum balance and a small interest rate premium on FDs.
• Minor and student accounts — operated jointly with a guardian until the customer turns 18.

Eligibility, minimum balance and KYC requirements vary by product. Speak to a relationship officer at the branch for the latest schedule of charges and interest rates.

Banking services available

The Chiplun Urban Bank-Margtamhane branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 2355-261273.

• Savings, current and salary accounts
• Fixed deposits and recurring deposits
• Personal, vehicle and home loans
• Demat and investment products (where supported)
• Internet banking and mobile banking enrolment
• Debit and credit card issuance
• Locker facilities (subject to availability)
• Foreign exchange services (at authorised branches)
• Bill payments, demand drafts and pay orders
• NEFT / RTGS / IMPS / UPI fund transfers using IFSC SVCB0006014

How to transfer money using IFSC SVCB0006014

Online transfers in India are powered by three major channels — NEFT, RTGS and IMPS — and each one requires a destination IFSC. Below is a quick guide for using IFSC SVCB0006014 across all three.

NEFT to The Shamrao Vithal Cooperative Bank, CHIPLUN URBAN BANK-MARGTAMHANE using IFSC SVCB0006014

National Electronic Funds Transfer is the simplest way to move money into an account at this branch. NEFT works around the clock, including Sundays and public holidays, and settles in half-hourly batches.

To send funds, add the recipient as a beneficiary in your bank's online portal, key in the account number, paste the IFSC SVCB0006014, and confirm that the system picks up The Shamrao Vithal Cooperative Bank – CHIPLUN URBAN BANK-MARGTAMHANE. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

RTGS transfers via IFSC SVCB0006014

RTGS (Real-Time Gross Settlement) is the fastest high-value transfer mechanism in India. It is meant for transfers of ₹2 lakh and above and settles each transaction individually and instantly. To remit through RTGS to The Shamrao Vithal Cooperative Bank – CHIPLUN URBAN BANK-MARGTAMHANE, ensure your bank's portal accepts IFSC SVCB0006014 while registering the beneficiary. RTGS is also available 24x7.

IMPS to The Shamrao Vithal Cooperative Bank CHIPLUN URBAN BANK-MARGTAMHANE (IFSC SVCB0006014)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC SVCB0006014 in your mobile or internet banking app, and the money is credited to the CHIPLUN URBAN BANK-MARGTAMHANE branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to Chiplun Urban Bank-Margtamhane

The right transfer rail depends on how urgent the payment is, how large it is, and whether the receiving bank participates in the chosen scheme. Every option below works with the IFSC SVCB0006014:

• NEFT — best for everyday transfers of any amount; settles in half-hourly batches around the clock.
• RTGS — best for transfers of ₹2 lakh and above; settles each transaction individually in real time.
• IMPS — best when speed matters more than batch scheduling; instant credit up to ₹5 lakh.
• UPI — best for small peer-to-peer payments using a VPA; the underlying account at CHIPLUN URBAN BANK-MARGTAMHANE is still linked to IFSC SVCB0006014.

For salary credits, vendor payouts and refunds, employers and merchants usually default to NEFT because of its zero per-transaction cost for retail customers and its 24x7 availability.

UPI payments and IFSC SVCB0006014

UPI (Unified Payments Interface) has become the default way for individuals to send money in India. While most UPI transactions are addressed using a Virtual Payment Address (VPA) like name@bank, the underlying account at The Shamrao Vithal Cooperative Bank – CHIPLUN URBAN BANK-MARGTAMHANE is still mapped to IFSC SVCB0006014. When a customer links a savings or current account to a UPI app for the first time, the app silently looks up this IFSC against the account number to verify the account exists. The VPA acts as a friendly alias on top of the same plumbing.

If a UPI transfer to or from this branch fails, the most common reasons are an inactive UPI handle, a daily limit breach or a temporary outage at one of the participating banks — not the IFSC. You can always fall back to NEFT or IMPS using the IFSC SVCB0006014 and the beneficiary's account number to complete the transfer.

Digital banking channels

Most day-to-day work that customers used to do at the Chiplun Urban Bank-Margtamhane branch counter can now be completed digitally — adding a beneficiary, transferring funds, applying for a fixed deposit, raising a service request or downloading account statements. The IFSC SVCB0006014 is the link between the digital channel and the branch ledger; once a transaction is confirmed, the credit or debit is reflected in the same core banking system that the branch officers see.

MICR code & cheque clearing

Apart from IFSC, every cheque book issued by The Shamrao Vithal Cooperative Bank carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC SVCB0006014 and the account number together uniquely identify the Chiplun Urban Bank-Margtamhane branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

Things to verify before sending money

Banking errors are usually small typos that snowball into delayed credits and customer-care follow-ups. Use this short checklist before you confirm any transfer to The Shamrao Vithal Cooperative Bank – CHIPLUN URBAN BANK-MARGTAMHANE:

• The IFSC is exactly SVCB0006014 with no extra spaces.
• The beneficiary's account number matches what they shared, digit for digit.
• The portal auto-fills The Shamrao Vithal Cooperative Bank as the bank name and CHIPLUN URBAN BANK-MARGTAMHANE as the branch.
• The amount and the purpose of payment are correct.
• You have a valid OTP-verifying mobile number on hand.

A 30-second review here saves hours of reconciliation later.

Reaching the branch

The Chiplun Urban Bank-Margtamhane branch sits at SALVI HOUSE NO.61, NEAR DR.NATU HOSPITAL,A/P.MARGTAMHANE- 415 702. If you are travelling from outside Chiplun, search for the branch on a maps application using the bank name and locality, or call 2355-261273 to ask for landmarks. Many customers find it easier to skip the trip altogether: net banking, mobile apps, NEFT, RTGS, IMPS and UPI all work using the IFSC SVCB0006014 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC SVCB0006014 for The Shamrao Vithal Cooperative Bank – CHIPLUN URBAN BANK-MARGTAMHANE, you can cross-check the code from any of these sources before initiating a high-value transfer:

• The front of the cheque book issued by the branch – the IFSC is printed at the top of every leaf.
• The first page of your passbook.
• The bank's official website under the branch locator.
• The Reserve Bank of India's IFSC search portal.
• Net banking dashboards usually display the home-branch IFSC under account details.

Working hours

Branch counters at Chiplun Urban Bank-Margtamhane are usually open from 10 AM to 4 PM on weekdays. Saturdays follow the RBI's alternate-Saturday rule. Even when the branch is closed, NEFT, RTGS, IMPS and UPI transfers addressed to SVCB0006014 continue to work without interruption.

Branch address & contact

Frequently asked questions

Summary

The IFSC code SVCB0006014 belongs to The Shamrao Vithal Cooperative Bank's CHIPLUN URBAN BANK-MARGTAMHANE branch, located at SALVI HOUSE NO.61, NEAR DR.NATU HOSPITAL,A/P.MARGTAMHANE- 415 702 in CHIPLUN, MAHARASHTRA. Use this code along with the beneficiary's account number for any NEFT, RTGS or IMPS transfer to this branch. Bookmark this page for quick reference whenever you need the branch's banking details.