MICR Code Bank
Find MICR code for Shamrao Vithal Bank branches in India for NEFT and RTGS transfer

Shamrao Vithal Bank MICR CODE

Find MICR Codes for Shamrao Vithal Bank

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  1. Shamrao Vithal Co-Op Bank Ltd »
  2. Maharashtra »
  3. pune »
  4. pune »
  5. aundh pune

Find MICR Codes for Shamrao Vithal Bank

MICR Code: 411089008
Bank: Shamrao Vithal Co-Op Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Aundh Pune
Contact: (020)27299110/120
Bank Details: Shamrao Vithal Co-Op Bank Ltd Aundh Pune SVCB0000103
Location: Pune, Pune
City: Pune
District: Pune
State: Maharashtra
Pincode: 411007
Country: IN
Address: Ground floor,vidhate tower,survey no 249,d.p.road,near dav school,aundh,pune - 411007

How does MICR code for 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 of Shamrao Bank, branch makes the system almost error free and faster. Use of Shamrao Bank MICR codes for branch, makes the characters readable even if there are other marks and stamps on it.

A total of 84 branches of Shamrao Vithal Co-Op Bank Ltd are available with micr code

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MICR code for Shamrao Vithal Bank

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 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. is the MICR code of SVC Bank for branch. MICR code for 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 is presented in the table alongside.

Use of Shamrao Bank MICR code for branch in pune

The MICR code is used in RBI cheque clearing process to identify the branch 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.