Shamrao Vithal Bank Nallasopara Thane Maharashtra MICR CODE

Find MICR Codes for Shamrao Vithal Bank Nallasopara Thane Maharashtra

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MICR Code	400089092
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	Nallasopara West
Contact	250-7028017114
Bank Details	Shamrao Vithal Co-Op Bank Ltd Nallasopara West SVCB0000183

Location	Nallasopara, Thane
City	Nallasopara
District	Thane
State	Maharashtra
Pincode	401203
Country	IN
Address	Shop no 1a, 2, 3, 4& 5, ground floor, miraj- fun fiesta, sri prastha complex, village nilemore, nallasopara west, taluka vasai, thane- 401203

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 400089092 for Nallasopara West 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 400089092 of Shamrao Bank, Nallasopara West branch makes the system almost error free and faster. Use of Shamrao Bank MICR codes for Nallasopara West branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Shamrao Vithal Co-Op Bank Ltd are available with micr code -

>>Nallasopara West

MICR code for Shamrao Vithal Bank Nallasopara West

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 Nallasopara West 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. 400089092 is the MICR code of SVC Bank for Nallasopara West branch. MICR code for Nallasopara West 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 Nallasopara West is presented in the table alongside.

Use of Shamrao Bank MICR code for Nallasopara West branch in nallasopara

The MICR code 400089092 is used in RBI cheque clearing process to identify the branch Nallasopara West 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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