Shamrao Vithal Bank Raigad Panvel Maharashtra MICR CODE

Find MICR Codes for Shamrao Vithal Bank Raigad Panvel Maharashtra

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MICR Code
Bank Shamrao Vithal Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Abhinav Sahkari Bkroadpali Kalamboli
Contact 0-9930005205
Bank Details Shamrao Vithal Co-Op Bank Ltd Abhinav Sahkari Bkroadpali Kalamboli SVCB0007020
Location Raigad, Panvel
City Raigad
District Panvel
State Maharashtra
Pincode 410208
Country IN
Address Shop no 22, giriraj enclave plot no 41-42 sector 20 roadpali kalamboli panvel dist raigad 410208
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 does MICR code 0 for Abhinav Sahkari Bkroadpali Kalamboli branch help to speed up the cheque clearing process?

In manual clearing of cheques, many errors may occur and the whole process is quite time consuming. The MICR technology speeds up the processing of cheque as it reduces manual efforts of sorting. Thus the 0 of Shamrao Bank, Abhinav Sahkari Bkroadpali Kalamboli branch makes the system almost error free and faster. Use of Shamrao Bank MICR codes for Abhinav Sahkari Bkroadpali Kalamboli branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Shamrao Vithal Co-Op Bank Ltd are available with micr code -

>>Abhinav Sahkari Bkroadpali Kalamboli

MICR code for Shamrao Vithal Bank Abhinav Sahkari Bkroadpali Kalamboli

Shamrao Vithal Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Shamrao Bank MICR code for Abhinav Sahkari Bkroadpali Kalamboli is a 9 digit code, in which first 3 digit represents the city code, next 3 digit to bank code and later 3 digit to branch code. 0 is the MICR code of SVC Bank for Abhinav Sahkari Bkroadpali Kalamboli branch. MICR code for Abhinav Sahkari Bkroadpali Kalamboli branch includes document type indicator, bank code, cheque number, etc. When a cheque goes for clearing, this code is read by a magnetic reader and then automatically sorted. MICR code for Shamrao Bank Abhinav Sahkari Bkroadpali Kalamboli is presented in the table alongside.

Use of Shamrao Bank MICR code for Abhinav Sahkari Bkroadpali Kalamboli branch in raigad

The MICR code 0 is used in RBI cheque clearing process to identify the branch Abhinav Sahkari Bkroadpali Kalamboli and Shamrao Bank bank for clearing processes. The MICR characters, which are printed 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. MICR code of SVC Bank is typically in either of these two font’s: E-138 and CMC-7.

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