The Shamrao Vithal Cooperative Bank

The Shamrao Vithal Cooperative Bank aka SVC Cooperative Bank Limited, is a scheduled bank in India that was established in 1906. We have branches in 10 states of India like Goa, Haryana, Madhya Pradesh and offers services like the Fisheries Loans, Deposits schemes, Credit Cards, Business Loans, Insurance, Fund Transfer, Investments, Demat Accounts, Government Schemes, Ru Pay, Locker facility, Housing Loans, Vehicles Loans, Gold Loans, SMS alerts and the E-statement services as well.

Factsheet of The Shamrao Vithal Cooperative Bank
Bank NameThe Shamrao Vithal Cooperative Bank
Founded inDec. 27, 1906
Promoters/foundersLate Rao Bahadur Shripad Subbarao Talmaki,
Headquarter Address

The Shamrao Vithal Cooperative Bank
Unit No.601-602-603
Dosti Pinnacle Plot No. E-7
Road No.22
Wagle Estate
Thane 400604
Maharashtra

Employee'sNA
Type of BankCo-operative Bank
Official Websitehttps://www.svcbank.com/
Customer Care Number18003132120

History of The Shamrao Vithal Cooperative Bank

The Shamrao Vithal Cooperative Bank is one of the vital cooperative bank located in Thane in Maharashtra and set up on December 27,1906 and has most of its branches in and around Thane. This bank was created with a core aim to encourage the savings, helping the weaker segment of the society like the middle class and lower class. This bank is having more than 150 plus branches in more than 11 states of India. 

Late Rao Bahadur Shripad Subbarao Talmaki, the spiritual leader of the Co-operation, was the main architect of the Bank and he christened this bank after Late Shamrao Vithal Kaikini, who was the main mentor. They also created the Distress Relief Fund in 1931 and the Staff Gratuity Fund in 1934. Furthermore, the Shamrao Vithal Cooperative Bank also got the status of the Scheduled Bank in 1988.

Shri Durgesh Chandavarkar is the Chairman and Shri Udaykumar Gurkar is the Vice Chairman of the Shamrao Vithal Cooperative Bank.

Banking Services offered by the Shamrao Vithal Cooperative Bank

There are various banking services given by the Shamrao Vithal Cooperative Bank and they are given below:

  • Email Alerts.
  • S M S Banking.
  • Fixed Deposits.
  • Money Transfer.
  • Online Banking.
  • Bank Guarantee.
  • Current Account.
  • Savings Account.
  • Cash Certificates.
  • Insurance Services.
  • SVC Minor Account.
  • Salary Gold Account.
  • Salary Silver Account.
  • Smart Savings Account.
  • SVC Society Plus Account.
  • Recurring Deposits Schemes.
  • Flexi Recurring Deposit Accounts.
  • SB Regular Plus Savings Account.
  • BSBDA and Small Savings Account.

Loans and credit facilities provided by the Shamrao Vithal Cooperative Bank

There are various credit and loan services offered by the Shamrao Vithal Cooperative Bank and they are:

  • Car Loans.
  • Gold Loan.
  • Term Loan.
  • Group Loan.       
  • Shares Loan.
  • Housing Loan.
  • Property Loan.
  • Personal Loan.
  • Business Loan.
  • Mortgage Loan.
  • Consumer Loan.
  • Agricultural Loan.
  • Educational Loan.
  • Professional Loan.
  • Loan for Medical Experts.
  • loan for Importers and Exporters.

The Shamrao Vithal Cooperative Bank has 535 IFSC connected branches in India. Bank has branches in following states:

  • ANDHRA PRADESH
  • DELHI
  • GOA
  • GUJARAT
  • HARYANA
  • KARNATAKA
  • MADHYA PRADESH
  • MAHARASHTRA
  • RAJASTHAN
  • TAMIL NADU

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