SVC Co-operative Bank Ltd. (SVC Bank), formerly The Shamrao Vithal Co-operative Bank Ltd., has become the first co-operative bank in the country to partner with ClearTax, India’s largest tax filing platform.
The move aims to provide customers with a faster, more accurate and cost-effective way of filing Income Tax Returns. Taxpayers often struggle with capital gains, dividends and multiple income sources, making return filing complex and time-consuming.
The SVC Bank–ClearTax collaboration seeks to simplify this process and reduce compliance errors. Customers can log in through an exclusive SVC Bank link, import data directly from over 80 brokers, review pre-filled suggestions and file securely in a few clicks.
The service offers several automated features, including zero manual data entry, auto set-off of losses, accurate computation of long-term and short-term capital gains, and smart prompts for tax-saving deductions.
Free management of tax notices is also included, with expert support available at every step. SVC Bank customers are eligible for up to 71 percent discount on filing services by using the code CTBSVC.
Founded in 1906, SVC Bank is among the oldest and most recognised co-operative banks in India. Today it operates as a Multi-State Scheduled Co-operative Bank with presence across ten states and one union territory. As of March 31, 2025, the Bank reported total business of Rs. 39,353 crore and net profit of Rs. 241 crore, up 10.52 percent from the previous year. Gross NPAs stood at 1.96 percent while net NPAs fell to 0.25 percent, with provisioning coverage at 87.54 percent.
Headquartered in Mumbai, the Bank runs 203 branches and 219 ATMs with over 2,400 employees. Its portfolio covers retail, corporate and international banking, including foreign exchange operations through its International Banking Division.
SVC Bank has been consistently recognised for performance and governance. At the Rashtriya Coop Samman Samaroh 2025, it won awards for Best Urban Cooperative Bank, Best Multi State Urban Cooperative Bank and Best Chairperson of the Year. It has also been honoured by ET Now, Indian Banks’ Association and Banco Blue Ribbon for technology initiatives, workplace practices and sectoral leadership.
By joining hands with ClearTax, SVC Bank has reinforced its strategy of blending cooperative principles with digital innovation to provide customers easier access to essential financial services.
SVC Bank customers can enjoy up to 71% off on tax filing by using the code CTBSVC. ITR can be filed
via ClearTax online, here: https://cleartax.in/s/partner-svc
