Below are the complete branch details for The Shamrao Vithal Cooperative Bank, NERUL EAST branch, located in KAMOTHE, MAHARASHTRA. The IFSC assigned by the Reserve Bank of India to this branch is SVCB0000072. Whether you want to transfer money, add a beneficiary, verify a cheque or simply confirm the branch address, you will find authentic, up-to-date information on this page that has been cross-checked against the bank's branch directory and the RBI's master list of participants in the National Electronic Funds Transfer system.
The IFSC code is one of the most frequently asked-for pieces of information when somebody wants to send you money or set up a recurring credit such as a salary, EMI auto-debit or supplier payment. Knowing exactly which IFSC belongs to your branch — in this case SVCB0000072 for The Shamrao Vithal Cooperative Bank – NERUL EAST — saves you from rejected transfers, returned credits and the back-and-forth that follows them.
The Indian Financial System Code, popularly known as IFSC, is an 11-digit alphanumeric code that the RBI assigns to every bank branch participating in online interbank settlement. Without this code, an electronic transfer simply cannot reach its destination branch.
The IFSC for The Shamrao Vithal Cooperative Bank – NERUL EAST is SVCB0000072. The first four letters SVCB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 000072 map to this branch in KAMOTHE, MAHARASHTRA.
Branch details at a glance
| Bank Name | The Shamrao Vithal Cooperative Bank |
|---|---|
| Branch | Nerul East |
| IFSC Code | SVCB0000072 |
| MICR Code | Refer to cheque leaf |
| Branch Address | GROUND FLOOR,SHOP NO. G-9 H, HAVARE CENTURION, PLOT NO. 88 TO 91, SECTOR 19, NERUL EAST, NAVI MUMBAI 400 706. |
| City | Kamothe |
| District | Raigad |
| State | Maharashtra |
| STD Code | 22 |
| Phone | 27725040 |
About the bank
The Shamrao Vithal Cooperative Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Nerul East branch in Kamothe, Maharashtra is part of this network and uses the IFSC code SVCB0000072 for all electronic settlement.
About the Nerul East branch
The Nerul East branch of The Shamrao Vithal Cooperative Bank is situated at GROUND FLOOR,SHOP NO. G-9 H, HAVARE CENTURION, PLOT NO. 88 TO 91, SECTOR 19, NERUL EAST, NAVI MUMBAI 400 706.. Customers visiting this branch can complete cash deposits, withdrawals, demand draft requests, cheque clearing, passbook updates and KYC formalities. For online transactions to or from this branch, the IFSC code SVCB0000072 is used.
Why every The Shamrao Vithal Cooperative Bank branch has a unique IFSC
Before electronic settlement systems went live in India, money transfers between banks relied heavily on demand drafts, mail transfers and telegraphic transfers. These older instruments routinely took days to clear and were prone to misrouting because there was no single machine-readable identifier for a branch. The Reserve Bank of India solved this by issuing each participating branch — including NERUL EAST of The Shamrao Vithal Cooperative Bank — its own 11-character IFSC. The code SVCB0000072 is therefore not just an internal reference; it is the digital postcode that lets the RBI's NEFT, RTGS and IMPS rails route funds straight to the right branch ledger without any human intervention.
Today, almost every salary credit, vendor payment, refund and EMI deduction in the country flows through this network, which is exactly why a correct IFSC matters so much. A wrong character can either bounce the transfer or send it to the wrong branch, and reversing such a credit is a manual, time-consuming process. Treat IFSC SVCB0000072 the same way you would treat your account number — verify it once and save it carefully for future use.
How to transfer money using IFSC SVCB0000072
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 SVCB0000072 across all three.
How to use IFSC SVCB0000072 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to The Shamrao Vithal Cooperative Bank's NERUL EAST branch. NEFT now settles on a 24x7 basis in half-hourly batches and has no upper limit for retail customers (individual banks may impose their own caps).
- Log in to your internet banking or mobile banking app.
- Choose Add Beneficiary and select NEFT / Other Bank.
- Enter the beneficiary name, account number and the IFSC SVCB0000072.
- Confirm the bank name auto-populates as The Shamrao Vithal Cooperative Bank and the branch as NERUL EAST.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
Real-Time Gross Settlement to NERUL EAST
If you need to transfer ₹2 lakh or more in one go to an account at The Shamrao Vithal Cooperative Bank's NERUL EAST branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC SVCB0000072 while initiating the transfer and the credit will appear within minutes.
Send money instantly through IMPS
For a real-time, anytime transfer to The Shamrao Vithal Cooperative Bank – NERUL EAST, use IMPS. With IFSC SVCB0000072 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC SVCB0000072 for The Shamrao Vithal Cooperative Bank – NERUL EAST, but they differ in speed, minimum amount and use case. The table below summarises the differences so you can pick the right channel for the situation at hand.
| Parameter | NEFT | RTGS | IMPS |
|---|---|---|---|
| Minimum amount | ₹1 | ₹2,00,000 | ₹1 |
| Maximum amount | No RBI cap | No RBI cap | ₹5,00,000 |
| Settlement | Half-hourly batches | Real-time | Real-time |
| Availability | 24x7 | 24x7 | 24x7 |
| Best for | Routine transfers | High-value transfers | Urgent small / mid transfers |
| IFSC required | Yes – SVCB0000072 | Yes – SVCB0000072 | Yes – SVCB0000072 |
For most retail customers crediting the Nerul East branch, NEFT or IMPS will be the quickest and most economical option. RTGS comes in for one-off, high-value movements such as property purchases, vendor settlements or large gifts.
How UPI relates to the IFSC code
UPI lets you pay using a short Virtual Payment Address instead of typing the IFSC every time, but behind the scenes every UPI mandate is mapped to an account number plus an IFSC. For accounts at The Shamrao Vithal Cooperative Bank's NERUL EAST branch, the IFSC SVCB0000072 is what the National Payments Corporation of India (NPCI) uses to route the credit when you tap Pay on a UPI app.
That is why, even in the UPI era, it is still worth knowing the IFSC of your home branch — for failed UPI mandates, e-mandate set-ups, third-party platform onboarding and salary or refund credits.
Products and account variants supported
Every account opened at the Nerul East branch is mapped to IFSC SVCB0000072 on the RBI payments network. The branch generally supports the full retail product catalogue of The Shamrao Vithal Cooperative Bank, including:
- Resident savings accounts and salary accounts
- Current accounts for businesses and professionals
- Fixed deposits, recurring deposits and tax-saver deposits
- Demand drafts, banker's cheques and pay orders
- Retail loans — personal, vehicle, education, gold and home
- Credit cards and overdraft facilities (subject to eligibility)
- Third-party investment products such as mutual funds and insurance (through tie-ups)
Whichever product you choose, the IFSC for incoming credits remains SVCB0000072.
Products and services
Customers walking into the Nerul East branch can access most of The Shamrao Vithal Cooperative Bank's standard product suite, including:
- Account opening – savings, current, NRI, salary
- Term deposits and recurring deposits
- Retail and small-business loans
- Insurance and mutual-fund tie-ups
- Locker, safe deposit and ATM card services
- Online and mobile banking activation
- Electronic transfers via IFSC SVCB0000072
MICR & cheque-truncation details
Cheques drawn on the Nerul East branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC SVCB0000072 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Online banking and IFSC SVCB0000072
The Shamrao Vithal Cooperative Bank customers can register for net banking and the bank's official mobile app once their account at the NERUL EAST branch is active. Net banking lets you view balances, download statements, open fixed deposits, request cheque books and initiate NEFT/RTGS/IMPS transfers — all without setting foot in the branch. The IFSC SVCB0000072 is pre-filled by the bank for transfers originating from your own account, and you only need to enter it manually when adding an external beneficiary or sharing your account details with a third party.
Common mistakes to avoid when using IFSC SVCB0000072
An incorrect IFSC almost always results in a failed transfer or, worse, a credit to the wrong branch. Before you click Confirm on a transfer to The Shamrao Vithal Cooperative Bank – NERUL EAST, double-check for these issues:
- Confusing 0 with O. The fifth character of every IFSC is the digit
0, not the letter O. Read carefully. - Spaces or hyphens. Do not put spaces in the IFSC. It is exactly 11 characters:
SVCB0000072. - Wrong branch. A bank can have dozens of branches in the same city. Make sure you are using the IFSC for the actual branch where the beneficiary holds the account, not just any nearby branch.
- Old IFSC after a merger. If two banks have merged, the IFSC may have been reissued. Always verify with a recent passbook or cheque leaf.
- Copy-paste from chat. Auto-correct on phones can silently change letters in IFSC codes. Type carefully or copy from a trusted source like the cheque book.
How to reach the Nerul East branch
The branch is located at GROUND FLOOR,SHOP NO. G-9 H, HAVARE CENTURION, PLOT NO. 88 TO 91, SECTOR 19, NERUL EAST, NAVI MUMBAI 400 706., which puts it inside Kamothe, the broader Raigad district, and the state of Maharashtra. To plan your visit:
- Open Google Maps on your phone and search for “The Shamrao Vithal Cooperative Bank Nerul East branch” — the verified location pin for IFSC SVCB0000072 should appear at the top of the results.
- Confirm the branch is open by calling 22-27725040 before stepping out, especially around public holidays.
- Carry photo ID and any account-related documents you may need for the transaction you plan to do.
Most banking work — passbook updates, fund transfers, statement downloads — can also be completed online without visiting the branch in person, as long as you know the IFSC SVCB0000072 and your account number.
Verifying IFSC SVCB0000072 from official sources
The IFSC listed on this page is sourced from the RBI's master list and validated against the bank's branch directory. To double-check before transferring large sums, you can also confirm SVCB0000072 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 22-27725040.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Nerul East 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 SVCB0000072 continue to work without interruption.
Branch address & contact
The Shamrao Vithal Cooperative BankNerul East Branch
GROUND FLOOR,SHOP NO. G-9 H, HAVARE CENTURION, PLOT NO. 88 TO 91, SECTOR 19, NERUL EAST, NAVI MUMBAI 400 706.
Kamothe, Maharashtra
Phone: 22-27725040
IFSC: SVCB0000072
Frequently asked questions
Is IFSC SVCB0000072 valid for NEFT and RTGS?
Yes. IFSC SVCB0000072 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Is IFSC SVCB0000072 the same for all accounts at Nerul East branch?
Yes. The IFSC SVCB0000072 is shared by every account held at The Shamrao Vithal Cooperative Bank's Nerul East branch. Only the account number changes from customer to customer.
What is the difference between IFSC and MICR code?
IFSC is an 11-character alphanumeric code used for online transfers, while MICR is a 9-digit numeric code printed on cheques and used by cheque-clearing machines. Both identify the Nerul East branch but serve different purposes.
Does The Shamrao Vithal Cooperative Bank Nerul East branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 22-27725040 to confirm.
Can I use IFSC SVCB0000072 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC SVCB0000072 to send funds instantly.
What is the phone number of The Shamrao Vithal Cooperative Bank Nerul East branch?
You can reach the branch at 22-27725040 during regular banking hours.
How do I add The Shamrao Vithal Cooperative Bank Nerul East as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC SVCB0000072, and complete OTP verification. Once activated, you can transfer funds at any time.
Summary
The IFSC code SVCB0000072 belongs to The Shamrao Vithal Cooperative Bank's NERUL EAST branch, located at GROUND FLOOR,SHOP NO. G-9 H, HAVARE CENTURION, PLOT NO. 88 TO 91, SECTOR 19,… in KAMOTHE, 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.
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