Let Others Know
×
LinkedIn
Email
WhatsApp

Seva Vikas Bank Pune Pune Maharashtra MICR CODE

Find MICR Codes for Seva Vikas Bank Pune Pune Maharashtra

MICR Code
Bank The Seva Vikas Co-operative Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Rtgsho
Contact
Bank Details The Seva Vikas Co-operative Bank Ltd Rtgsho SVBL0000001
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode
Country IN
Address Seva bhavan,near,sadhu vaswani garden pimpri pune
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.

Search Seva Vikas Bank MICR Codes in pune

You can search through MICR Codes of Maharashtra branches in pune of District pune in Maharashtra State by using the search box or you can browse through the table using the conrols at the bottom.

The Seva Vikas Co-operative Bank Ltd branches with micr codes are available in 1 cities-

>>Pune

How to find MICR codes for Seva Vikas Bank in pune?

Seva Vikas Bank pune MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Seva Vikas Co-Op Bank MICR codes list for pune, one can further search by branch name specified in the table. You can find MICR codes for all Seva Vikas Bank pune branches.

Seva Vikas Co-Op Bank MICR code in pune

Seva Vikas Bank MICR code is a character recognition technology used by banks in the processing of cheques. Seva Vikas Co-Op Bank MICR code for pune 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 Seva Vikas Bank branches in pune, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Seva Vikas Bank MICR code for pune 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 Seva Vikas Bank pune 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 Seva Vikas Co-Op Bank pune branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Seva Vikas Bank MICR codes for pune branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!