Use this page as a one-stop reference for everything related to The Shamrao Vithal Cooperative Bank's THANE branch in THANE, MAHARASHTRA. The branch's IFSC code SVCB0000023 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, SVCB0000023 is the IFSC of The Shamrao Vithal Cooperative Bank's THANE branch. The format is fixed: SVCB = bank code, 0 = reserved, 000023 = branch identifier.
About The Shamrao Vithal Cooperative Bank
The Shamrao Vithal Cooperative Bank operates a wide network of branches across India, including the Thane branch in Thane. 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, SVCB0000023.
Branch details at a glance
| Bank Name | The Shamrao Vithal Cooperative Bank |
|---|---|
| Branch | Thane |
| IFSC Code | SVCB0000023 |
| MICR Code | Refer to cheque leaf |
| Branch Address | SHOP NO.11 & 12, SITA VIHAR, DAMANI ESTATE, L. B. S. MARG, NAUPADA, THANE(W)-400 602. |
| City | Thane |
| District | Thane |
| State | Maharashtra |
| STD Code | 22 |
| Phone | 25338715 |
About this branch
The branch is located at SHOP NO.11 & 12, SITA VIHAR, DAMANI ESTATE, L. B. S. MARG, NAUPADA, THANE(W)-400 602.. It serves the Thane region and is connected to the bank's core banking platform, which means transactions initiated here are instantly visible across all other branches of The Shamrao Vithal Cooperative Bank. The IFSC SVCB0000023 is used to identify this branch on the RBI payments network.
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 THANE of The Shamrao Vithal Cooperative Bank — its own 11-character IFSC. The code SVCB0000023 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 SVCB0000023 the same way you would treat your account number — verify it once and save it carefully for future use.
Products and account variants supported
Every account opened at the Thane branch is mapped to IFSC SVCB0000023 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 SVCB0000023.
Products and services
Customers walking into the Thane 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 SVCB0000023
How to transfer money using IFSC SVCB0000023
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 SVCB0000023 across all three.
How to use IFSC SVCB0000023 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 THANE 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 SVCB0000023.
- Confirm the bank name auto-populates as The Shamrao Vithal Cooperative Bank and the branch as THANE.
- 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 THANE
If you need to transfer ₹2 lakh or more in one go to an account at The Shamrao Vithal Cooperative Bank's THANE branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC SVCB0000023 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 – THANE, use IMPS. With IFSC SVCB0000023 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 SVCB0000023 for The Shamrao Vithal Cooperative Bank – THANE, 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 – SVCB0000023 | Yes – SVCB0000023 | Yes – SVCB0000023 |
For most retail customers crediting the Thane 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 SVCB0000023
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 – THANE is still mapped to IFSC SVCB0000023. 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 SVCB0000023 and the beneficiary's account number to complete the transfer.
Online banking and IFSC SVCB0000023
The Shamrao Vithal Cooperative Bank customers can register for net banking and the bank's official mobile app once their account at the THANE 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 SVCB0000023 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.
MICR & cheque-truncation details
Cheques drawn on the Thane branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC SVCB0000023 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
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 – THANE:
- The IFSC is exactly SVCB0000023 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 THANE 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 Thane branch sits at SHOP NO.11 & 12, SITA VIHAR, DAMANI ESTATE, L. B. S. MARG, NAUPADA, THANE(W)-400 602.. If you are travelling from outside Thane, search for the branch on a maps application using the bank name and locality, or call 22-25338715 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 SVCB0000023 and your account number.
Verifying IFSC SVCB0000023 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 SVCB0000023 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 22-25338715.
- Visiting the bank's official branch locator page.
Branch banking hours and holidays
Indian bank branches typically operate from 10:00 AM to 4:00 PM, Monday to Friday, and from 10:00 AM to 2:00 PM on working Saturdays (usually the 1st, 3rd and 5th Saturdays). The Thane branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC SVCB0000023, however, work 24x7.
Branch address & contact
The Shamrao Vithal Cooperative BankThane Branch
SHOP NO.11 & 12, SITA VIHAR, DAMANI ESTATE, L. B. S. MARG, NAUPADA, THANE(W)-400 602.
Thane, Maharashtra
Phone: 22-25338715
IFSC: SVCB0000023
Frequently asked questions
Is IFSC SVCB0000023 valid for NEFT and RTGS?
Yes. IFSC SVCB0000023 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Is IFSC SVCB0000023 the same for all accounts at Thane branch?
Yes. The IFSC SVCB0000023 is shared by every account held at The Shamrao Vithal Cooperative Bank's Thane branch. Only the account number changes from customer to customer.
How do I add The Shamrao Vithal Cooperative Bank Thane as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC SVCB0000023, and complete OTP verification. Once activated, you can transfer funds at any time.
Can I use IFSC SVCB0000023 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC SVCB0000023 to send funds instantly.
Where is The Shamrao Vithal Cooperative Bank Thane branch located?
The Shamrao Vithal Cooperative Bank's Thane branch is located at SHOP NO.11 & 12, SITA VIHAR, DAMANI ESTATE, L. B. S. MARG, NAUPADA, THANE(W)-400 602., Thane, Maharashtra.
How quickly will an NEFT transfer using SVCB0000023 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to The Shamrao Vithal Cooperative Bank – Thane reflect within 30 minutes.
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 Thane branch but serve different purposes.
Does The Shamrao Vithal Cooperative Bank Thane branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 22-25338715 to confirm.
Summary
The IFSC code SVCB0000023 belongs to The Shamrao Vithal Cooperative Bank's THANE branch, located at SHOP NO.11 & 12, SITA VIHAR, DAMANI ESTATE, L. B. S. MARG, NAUPADA,… in THANE, 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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