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Shamrao Vithal Bank Mumbai Greater Bombay Maharashtra MICR CODE

Find MICR Codes for Shamrao Vithal Bank Mumbai Greater Bombay Maharashtra

MICR Code
Bank Shamrao Vithal Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Corporate And Administrative Office
Contact 66999858
Bank Details Shamrao Vithal Co-Op Bank Ltd Corporate And Administrative Office SVCB0000001
Location Mumbai, Greater Bombay
City Mumbai
District Greater Bombay
State Maharashtra
Pincode 400055
Country IN
Address Svc tower,nehru road,santacruz,mumbai-400 055.
MICR Code
Bank Shamrao Vithal Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Cuffe Parde
Contact 91222189101/2183423
Bank Details Shamrao Vithal Co-Op Bank Ltd Cuffe Parde SVCB0000002
Location Mumbai, Greater Bombay
City Mumbai
District Greater Bombay
State Maharashtra
Pincode 400005
Country IN
Address Maker towers-e cuffe parade mumbai
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Note: The working hours listed are generalized for all banks. Please take a note that the bank timings may vary from branch to branch. As per guidelines issued by Reserve Bank of India, banks will not be operational on 2nd and 4th Saturdays and all Sundays of a month.

How to find MICR codes for Shamrao Vithal Bank in mumbai?

Shamrao Vithal Bank mumbai MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Shamrao Bank MICR codes list for mumbai, one can further search by branch name specified in the table. You can find MICR codes for all Shamrao Vithal Bank mumbai branches.

Shamrao Bank MICR code in mumbai

Shamrao Vithal Bank MICR code is a character recognition technology used by banks in the processing of cheques. Shamrao Bank MICR code for mumbai branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for SVC Bank branches in mumbai, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does SVC Bank MICR code for mumbai branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Shamrao Vithal Bank mumbai branch, sprinted using magnetic ink, are passed before a MICR reader. Initially the ink gets magnetized and when it is read, each character produces a unique waveform which can be easily identified. Thus MICR code for Shamrao Bank mumbai branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of SVC Bank MICR codes for mumbai branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!