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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 Dadar East
Contact 022 -24144086, 022-2414 4087
Bank Details Shamrao Vithal Co-Op Bank Ltd Dadar East SVCB0000083
Location Mumbai, Greater Bombay
City Mumbai
District Greater Bombay
State Maharashtra
Pincode 400014
Country IN
Address Ground floor, alap chs ltd, sir bhalchandra road, dadar (east), mumbai – 400 014
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 400089073 for Dadar East 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 400089073 of Shamrao Bank, Dadar East branch makes the system almost error free and faster. Use of Shamrao Bank MICR codes for Dadar East branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Shamrao Vithal Bank Dadar East

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 Dadar East 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. 400089073 is the MICR code of SVC Bank for Dadar East branch. MICR code for Dadar East 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 Dadar East is presented in the table alongside.

Use of Shamrao Bank MICR code for Dadar East branch in mumbai

The MICR code 400089073 is used in RBI cheque clearing process to identify the branch Dadar East 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.