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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 Kamothe
Contact 64562200/64562201
Bank Details Shamrao Vithal Co-Op Bank Ltd Kamothe SVCB0000036
Location Mumbai, Greater Bombay
City Mumbai
District Greater Bombay
State Maharashtra
Pincode 410206
Country IN
Address Shop no 15, 16 & 17, ground floor, blue heaven,plot no 8 a,sector no 35,kamothe , navi mumbai - 410206
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 400089036 for Kamothe 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 400089036 of Shamrao Bank, Kamothe branch makes the system almost error free and faster. Use of Shamrao Bank MICR codes for Kamothe branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Shamrao Vithal Bank Kamothe

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 Kamothe 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. 400089036 is the MICR code of SVC Bank for Kamothe branch. MICR code for Kamothe 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 Kamothe is presented in the table alongside.

Use of Shamrao Bank MICR code for Kamothe branch in mumbai

The MICR code 400089036 is used in RBI cheque clearing process to identify the branch Kamothe 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.