Use this page as a one-stop reference for everything related to The Shamrao Vithal Cooperative Bank's MATUNGA branch in MUMBAI, MAHARASHTRA. The branch's IFSC code SVCB0000005 is the key identifier you need whenever a remitter, employer or biller asks for a bank routing number to send funds to an account held at this branch. We have also included the branch's postal address, telephone number, banking hours, common services, and an extensive FAQ block that should answer almost every question that comes up when you are about to add this branch as a beneficiary in your net-banking app for the first time.
IFSC stands for Indian Financial System Code. It is an 11-character code that pinpoints a particular bank branch on the RBI's real-time payment rails. Every NEFT, RTGS or IMPS instruction must carry the destination branch's IFSC for the credit to land in the correct account.
In our case, SVCB0000005 is the IFSC of The Shamrao Vithal Cooperative Bank's MATUNGA branch. The format is fixed: SVCB = bank code, 0 = reserved, 000005 = branch identifier.
Branch details at a glance
| Bank Name | The Shamrao Vithal Cooperative Bank |
|---|---|
| Branch | Matunga |
| IFSC Code | SVCB0000005 |
| MICR Code | Refer to cheque leaf |
| Branch Address | 5,KANARA HOUSE,MOGAL LANE,MAHIM,MUMBAI-400 016 |
| City | Mumbai |
| District | Greater Bombay |
| State | Maharashtra |
| STD Code | 22 |
| Phone | 24379927 |
About The Shamrao Vithal Cooperative Bank
The Shamrao Vithal Cooperative Bank operates a wide network of branches across India, including the Matunga branch in Mumbai. Each branch is enabled for NEFT, RTGS, IMPS and core banking, allowing customers to send and receive money anywhere in the country using a unique IFSC – in this case, SVCB0000005.
About the Matunga branch
The Matunga branch of The Shamrao Vithal Cooperative Bank is situated at 5,KANARA HOUSE,MOGAL LANE,MAHIM,MUMBAI-400 016. 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 SVCB0000005 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 MATUNGA of The Shamrao Vithal Cooperative Bank — its own 11-character IFSC. The code SVCB0000005 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 SVCB0000005 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 SVCB0000005
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 SVCB0000005 across all three.
NEFT to The Shamrao Vithal Cooperative Bank, MATUNGA using IFSC SVCB0000005
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 SVCB0000005, and confirm that the system picks up The Shamrao Vithal Cooperative Bank – MATUNGA. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC SVCB0000005
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 – MATUNGA, ensure your bank's portal accepts IFSC SVCB0000005 while registering the beneficiary. RTGS is also available 24x7.
IMPS to The Shamrao Vithal Cooperative Bank MATUNGA (IFSC SVCB0000005)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC SVCB0000005 in your mobile or internet banking app, and the money is credited to the MATUNGA branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC SVCB0000005 for The Shamrao Vithal Cooperative Bank – MATUNGA, 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 – SVCB0000005 | Yes – SVCB0000005 | Yes – SVCB0000005 |
For most retail customers crediting the Matunga 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.
UPI payments and IFSC SVCB0000005
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 – MATUNGA is still mapped to IFSC SVCB0000005. 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 SVCB0000005 and the beneficiary's account number to complete the transfer.
Account types you can open at the Matunga branch
Once you have an account at The Shamrao Vithal Cooperative Bank – MATUNGA, the IFSC SVCB0000005 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.
Products and services
Customers walking into the Matunga 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 SVCB0000005
MICR & cheque-truncation details
Cheques drawn on the Matunga branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC SVCB0000005 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Digital banking channels
Most day-to-day work that customers used to do at the Matunga 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 SVCB0000005 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.
Common mistakes to avoid when using IFSC SVCB0000005
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 – MATUNGA, 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:
SVCB0000005. - 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 Matunga branch
The branch is located at 5,KANARA HOUSE,MOGAL LANE,MAHIM,MUMBAI-400 016, which puts it inside Mumbai, the broader Greater Bombay district, and the state of Maharashtra. To plan your visit:
- Open Google Maps on your phone and search for “The Shamrao Vithal Cooperative Bank Matunga branch” — the verified location pin for IFSC SVCB0000005 should appear at the top of the results.
- Confirm the branch is open by calling 22-24379927 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 SVCB0000005 and your account number.
Other ways to verify the IFSC code
While this page already lists the verified IFSC SVCB0000005 for The Shamrao Vithal Cooperative Bank – MATUNGA, 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 Matunga 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 SVCB0000005 continue to work without interruption.
Branch address & contact
The Shamrao Vithal Cooperative BankMatunga Branch
5,KANARA HOUSE,MOGAL LANE,MAHIM,MUMBAI-400 016
Mumbai, Maharashtra
Phone: 22-24379927
IFSC: SVCB0000005
Frequently asked questions
How quickly will an NEFT transfer using SVCB0000005 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to The Shamrao Vithal Cooperative Bank – Matunga reflect within 30 minutes.
Where is The Shamrao Vithal Cooperative Bank Matunga branch located?
The Shamrao Vithal Cooperative Bank's Matunga branch is located at 5,KANARA HOUSE,MOGAL LANE,MAHIM,MUMBAI-400 016, Mumbai, Maharashtra.
Can I use IFSC SVCB0000005 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC SVCB0000005 to send funds instantly.
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 Matunga branch but serve different purposes.
What is the IFSC code of The Shamrao Vithal Cooperative Bank Matunga branch?
The IFSC code of The Shamrao Vithal Cooperative Bank, Matunga branch is SVCB0000005. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
What is the phone number of The Shamrao Vithal Cooperative Bank Matunga branch?
You can reach the branch at 22-24379927 during regular banking hours.
Is IFSC SVCB0000005 the same for all accounts at Matunga branch?
Yes. The IFSC SVCB0000005 is shared by every account held at The Shamrao Vithal Cooperative Bank's Matunga branch. Only the account number changes from customer to customer.
Final notes
To recap: SVCB0000005 is the IFSC code of The Shamrao Vithal Cooperative Bank, MATUNGA branch, in MUMBAI, MAHARASHTRA. It is required for every electronic transfer to an account held at this branch. We keep this page updated with the latest address and contact details, so you can rely on the information here for your day-to-day banking needs.
