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Victory Bank is a wholly submerged atoll structure in the Northern Chagos Archipelago at 05°33'S, 0172°14'E, about midway between Danger Island on the Northern rim of the Great Chagos Bank, which is 16 km Southeast of it, and Île Boddam, of the Salomon Islands, which is 17 km to the North. It is roughly elliptical in shape, with a size of 6 km East-West and 4 km North-South, and an area of about 19 km2. It rises steeply from great depths. The lagoon is up to 33 meters deep, while the depth along much of the rim is only 5.5 meters.
