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

Shamrao Vithal Bank Kandivali MICR CODE

Find MICR Codes for Shamrao Vithal Bank Kandivali

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  1. Shamrao Vithal Co-Op Bank Ltd »
  2. Maharashtra »
  3. greater bombay »
  4. mumbai »
  5. kandivali (w)

Find MICR Codes for Shamrao Vithal Bank Kandivali

MICR Code: 400089019
Bank: Shamrao Vithal Co-Op Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Kandivali (W)
Contact: 28634490/28634975
Bank Details: Shamrao Vithal Co-Op Bank Ltd Kandivali (W) SVCB0000019
Location: Mumbai, Greater Bombay
City: Mumbai
District: Greater Bombay
State: Maharashtra
Pincode: 400067
Country: IN
Address: No. 6, ground floor, manek nagar, m.g.road, kandivli (w), mumbai - 400067

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

MICR code for Shamrao Vithal Bank kandivali

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 kandivali 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 kandivali branch. MICR code for kandivali 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 kandivali is presented in the table alongside.

Use of Shamrao Bank MICR code for kandivali branch in mumbai

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