Shamrao Vithal Bank Indore Indore Madhya Pradesh MICR CODE

Find MICR Codes for Shamrao Vithal Bank Indore Indore Madhya Pradesh

Bank
State
District
City
Branch
Address

MICR Code	452089003
Bank	Shamrao Vithal Co-Op Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Bhanwar Kuwa Indore
Contact	9300010012
Bank Details	Shamrao Vithal Co-Op Bank Ltd Bhanwar Kuwa Indore SVCB0000122

Location	Indore, Indore
City	Indore
District	Indore
State	Madhya Pradesh
Pincode	452001
Country	IN
Address	7, ground floor, malwa tower, ashok nagar,bhanwar kuwa main road, indore- 452001

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 452089003 for Bhanwar Kuwa Indore 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 452089003 of Shamrao Bank, Bhanwar Kuwa Indore branch makes the system almost error free and faster. Use of Shamrao Bank MICR codes for Bhanwar Kuwa Indore branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Shamrao Vithal Co-Op Bank Ltd are available with micr code -

>>Bhanwar Kuwa Indore >>Indore

MICR code for Shamrao Vithal Bank Bhanwar Kuwa Indore

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 Bhanwar Kuwa Indore 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. 452089003 is the MICR code of SVC Bank for Bhanwar Kuwa Indore branch. MICR code for Bhanwar Kuwa Indore 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 Bhanwar Kuwa Indore is presented in the table alongside.

Use of Shamrao Bank MICR code for Bhanwar Kuwa Indore branch in indore

The MICR code 452089003 is used in RBI cheque clearing process to identify the branch Bhanwar Kuwa Indore 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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