Shamrao Vithal Co-operative Bank History and Achievements

Shamrao Vithal Co-operative Bank has a rich history that spans over a century. Founded in 1906 by Shamrao Vithal, a visionary leader, the bank has been serving the financial needs of its customers ever since.

The bank's early years were marked by a strong focus on serving the rural communities of Maharashtra. This commitment to social responsibility has continued to this day.

One of the bank's earliest achievements was the establishment of its first branch in 1906. This marked the beginning of the bank's expansion into new markets.

The bank's growth was steady and consistent, with a strong focus on building long-term relationships with its customers. This approach has paid off, with the bank now having a presence in over 140 branches across the country.

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The Shamrao Vithal Co-operative Bank has a rich history that dates back to 1906. The Bank was originally registered as a Co-operative Credit Society on 27 December 1906.

The Bank's founder, Late Rao Bahadur Shripad Subbarao Talmaki, was a visionary leader who played a crucial role in its establishment. He named the Bank after his guiding force and Guru, Late Shamrao Vithal Kaikini.

The Bank was originally registered as a Co-operative Credit Society on 27 December 1906. Its founders were inspired to create a financial institution that would serve the community.

Late Rao Bahadur Shripad Subbarao Talmaki, a key figure in the Bank's history, was the main architect of the institution.

The founders of Shamrao Vithal Co-operative Bank Limited (SVC) were a group of visionaries who were inspired by the principles of co-operation and the desire to serve the community.

These visionaries included Shri Shamrao Kalelkar, Shri Vithal Narayan Deshpande, and Shri R.G. Bhole, among others.

They established the bank in 1906 with the objective of providing financial assistance to individuals and small businesses, especially those in the weaker sections of society.

The Shamrao Vithal Co-op was established in 1906 by a group of visionaries who were inspired by the principles of co-operation and the desire to serve the community.

One of the main founders of the bank was Shri Shamrao Kalelkar, who was part of a group that believed in creating a financial institution that would serve the needs of the people.

The founders recognized that access to financial services was limited, especially for the poorer segments of society, and they set out to create a bank that would be accessible and affordable to all.

The bank was originally registered as a Co-operative Credit Society on 27 December 1906, marking the beginning of its journey to become one of the leading co-operative banks in India.

Shri Shamrao Kalelkar, Shri Vithal Narayan Deshpande, and Shri R.G. Bhole, among others, were the founders who established the bank with the objective of providing financial assistance to individuals and small businesses.

The bank's founders, including Late Rao Bahadur Shripad Subbarao Talmaki, were guided by the principles of co-operation and the desire to serve the community, which motivated them to create a financial institution that would benefit the people.

Shamrao Vithal Co-operative Bank Limited (SVC) was named after Late Shamrao Vithal Kaikini, who was the main guiding force and Guru of Late Rao Bahadur Shripad Subbarao Talmaki.

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Shamrao Vithal Co-operative Bank offers a wide range of banking services to its customers.

The bank has a strong presence in Maharashtra, with over 140 branches across the state. Its headquarters is located in Pune.

The bank's services include savings accounts, current accounts, and fixed deposits, making it a one-stop-shop for all banking needs.

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Shamrao Vithal Co-operative Bank Limited (SVC) offers a wide range of banking services to its customers. SVC is a co-operative bank that provides various products and services to its members and customers.

One of the main functions of SVC is to provide deposit accounts, including savings accounts, fixed deposits, and recurring deposits, which allow customers to save and earn interest on their money.

SVC also offers loans to its customers, including personal loans, home loans, car loans, and business loans, to help them meet their financial needs.

The bank provides online banking services, including the ability to view account balances, access e-statements, pay bills, and transfer funds online.

In addition to the above services, SVC also offers foreign exchange services, including the sale and purchase of foreign currency, money transfer, and forex card services, to help customers conduct international transactions.

SVC provides ATM and debit card services, allowing customers to easily access their money and make transactions.

Here are the main functions of SVC:

Shamrao Vithal Co-operative Bank Limited (SVC) has a clear vision for its objectives, which are centered around serving the community and promoting co-operation.

The bank's main objective is to provide affordable and accessible financial services to all members, especially those in the weaker sections of society.

To achieve this, SVC aims to promote the principles of co-operation and self-help among its members and the community.

This is reflected in the bank's support for the economic and social development of its members and the community.

SVC also encourages and supports the growth and development of small and medium enterprises, recognizing their importance to the community.

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To ensure the security of its members' funds, SVC provides a safe and secure platform for saving and investing.

The bank's financial stability and sustainability are also top priorities, with a focus on maintaining the trust and confidence of its members and customers.

Here are the main objectives of SVC, summarized in a list:

Shamrao Vithal Co-operative Bank has achieved a number of milestones over the years. It completed 100 years of operations in 2006 and celebrated this milestone with a series of events and initiatives.

The bank became the first co-operative bank in India to be nationalized in 2020, allowing it to expand its operations and reach a wider customer base. This move has enabled SVC to offer its services to a larger number of people.

SVC has received numerous awards and recognitions for its performance and contributions to the banking industry. Some of the notable awards include the "Best Co-operative Bank" award at the Indian Banking Awards and the "Best Bank" award at the Maharashtra State Level Bankers' Committee (SLBC) awards.

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Here are some of the benefits of banking with SVC:

As a co-operative bank, SVC is committed to the principles of co-operation and works to promote the economic and social development of its members and the community.

As a member of Shamrao Vithal Co-op, you'll have access to a range of benefits that make banking easier and more rewarding.

To become a member, you'll need to complete the required application process and pay the applicable fees. Membership is open to individuals, small businesses, and other co-operative societies.

Members are entitled to open accounts, access loans and other financial services, and participate in the decision-making processes of the bank. This means you'll have a say in how the bank is run and can help shape its policies and strategies.

The board of directors is elected by the members of the bank, ensuring that the bank is managed in the best interests of its members. This board is responsible for setting policies, overseeing operations, and ensuring the bank's financial soundness.

Shamrao Vithal Co-operative Bank has achieved numerous milestones, and it's impressive to see the bank's growth over the years. The bank completed 100 years of operations in 2006, a significant milestone that was celebrated with a series of events and initiatives.

SVC became the first co-operative bank in India to be nationalized in 2020, which allowed it to expand its operations and reach a wider customer base. This nationalization has been a game-changer for the bank.

The bank has received numerous awards and recognitions for its performance and contributions to the banking industry. SVC has received the "Best Co-operative Bank" award at the Indian Banking Awards, the "Best Bank" award at the Maharashtra State Level Bankers' Committee (SLBC) awards, and the "Best Co-operative Bank" award at the National Co-operative Summit.

SVC is actively involved in corporate social responsibility (CSR) initiatives and has supported various social causes over the years. Some of the CSR initiatives undertaken by SVC include education, healthcare, and environmental sustainability projects.

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The bank has consistently invested in technology and has introduced various innovative products and services to enhance the customer experience. SVC has launched its mobile banking app, introduced QR code-based payments, and deployed biometric authentication systems at its branches.

Here are some of the notable awards and recognitions received by SVC:

Shamrao Vithal Co-operative Bank Limited (SVC) is a bank that truly puts its customers first, with a customer-centric approach that's second to none.

SVC offers a wide range of banking and financial products and services, including deposits, loans, foreign exchange, and online banking, making it easy for customers to find what they need.

One of the benefits of banking with SVC is the convenience of its banking channels, including branches, ATMs, and online banking, which makes banking easy and accessible for customers.

SVC's deposit products offer competitive interest rates, which can help customers earn more on their savings.

The bank is regulated by the Reserve Bank of India (RBI) and is a member of the Deposit Insurance and Credit Guarantee Corporation (DICGC), ensuring the safety and security of customers' deposits.

SVC is a co-operative bank that's committed to the principles of co-operation and works to promote the economic and social development of its members and the community.

Here are some of the benefits of banking with SVC:

Shamrao Vithal Co-operative Bank, like any other financial institution, has its drawbacks and limitations. One of the main limitations is its limited branch network, which may not have a branch in every location.

This can make it inconvenient for some customers to access certain banking services. For example, if you're traveling to a rural area, you might not find a branch nearby.

SVC may not have the same range of products as larger banks or financial institutions. This can limit the options available to customers, such as credit cards or investment products.

As a co-operative bank, SVC may have a slower loan processing time compared to other banks. This could be due to the fact that co-operative banks follow a more conservative lending approach and may have more stringent loan eligibility criteria.

Here are some of the main drawbacks of banking with SVC:

The selection process for Shamrao Vithal Co-operative Bank Limited (SVC) recruitment exam is a multi-step process that involves application, eligibility verification, a written exam, shortlisting, an interview, and finally, selection.

Eligible candidates are required to appear for a written exam, which consists of objective-type questions from subjects such as reasoning, quantitative aptitude, English language, and general awareness.

The written exam is typically conducted in an online or offline mode, and SVC shortlists candidates based on their performance in the exam. Shortlisted candidates are then required to appear for an interview, which is an opportunity for them to demonstrate their communication skills, knowledge, and suitability for the job.

Here's a breakdown of the salary range for different positions at SVC:

It's worth noting that these salary ranges are estimates and may vary based on various factors, so it's best to check the official website of SVC or contact the bank directly for the most up-to-date salary information.

The exam selection process can be a daunting task, but understanding the steps involved can help you prepare and increase your chances of success.

The selection process typically involves five stages: Application, Eligibility verification, Written exam, Shortlisting, and Interview.

You'll need to submit your application and required documents first, which is usually done online. Make sure to check the eligibility criteria beforehand to avoid any issues.

Eligible candidates are then required to take a written exam, which consists of objective-type questions from subjects like reasoning, quantitative aptitude, English language, and general awareness.

The exam is usually conducted online or offline, so be prepared accordingly.

Based on the performance in the written exam, candidates are shortlisted for the next stage, which is the interview.

The interview is conducted by a panel of senior bank officials and is an opportunity for you to demonstrate your communication skills, knowledge, and suitability for the job.

Successful candidates are offered a job with the bank and required to undergo training before joining.

To be eligible for a job exam, you'll need to meet certain criteria. The age limit may vary based on the position being applied for, and it may be relaxed for reserved category candidates and ex-servicemen.

For most exams, you'll need a certain level of education. For example, a degree from a recognized university may be required for the post of Probationary Officer. This education requirement can vary depending on the position.

Some positions may require work experience in a relevant field. This can be a challenge for those just starting out, but it's essential to highlight any relevant skills or experience you have.

Other criteria may include physical fitness, language proficiency, and computer skills. These requirements can depend on the position being applied for, so be sure to check the specific job description.

To give you a better idea, here are some general eligibility criteria:

Employee salary ranges can vary significantly depending on the position and location.

The salary range for Probationary Officers (PO) at SVC is from Rs. 23,700 to Rs. 42,020 per month.

Clerks at SVC typically earn between Rs. 11,765 and Rs. 31,540 per month.

Specialist Officers (SO) at SVC may also earn between Rs. 23,700 and Rs. 42,020 per month, but this range may vary depending on the specific position.

The salary ranges for these positions can vary based on factors such as location and experience.

Here's a quick summary of the salary ranges for these positions:

Shamrao Vithal Co-operative Bank has a branch located on Phadke Road in Thane.

The IFSC Code for this branch is SVCB0000081.

This branch operates from 10:00 AM to 04:00 PM, making it a convenient option for those in the area.

The branch's address is Ground Floor, Pitre Building, Phadke Road, Dombivali (East), Thane 421 201.

The MICR Code for this branch is 400089071.

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Sadar Bazar, Satara is home to The Shamrao Vithal Co Operative Bank.

The bank is located at 501/ A Shop No 3 & 4 Raje Bhosale Heights Apartment, Sadar Bazar Satara, Satara - 415001, Camp, Raje Bhosale Heights Apartment.

You can reach The Shamrao Vithal Co Operative Bank at 02162226868.

The bank is listed under Banks and is a good service provider. Various modes of payment are accepted, including Cash, UPI, Card, Cheque, Internet Banking, and Mobile wallets.

The Phadke Road Branch of Shamrao Vithal Cooperative Bank is located in Thane.

The IFSC Code for this branch is SVCB0000081.

The bank's MICR Code is 400089071.

The branch timings are from 10:00 AM to 04:00 PM.

You can find the branch at Ground Floor, Pitre Building, Phadke Road, Dombivali (East), Thane 421 201.

The district where the branch is situated is Thane.

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Thane has a wide range of Shamrao Vithal Cooperative Bank branches to cater to the needs of its residents.

The bank has a significant presence in the region, with multiple branches located in various areas of Thane.

Here are some of the other branches of Shamrao Vithal Cooperative Bank in Thane: