Shamrao Vithal Bank Panjim North Goa Goa MICR CODE

Find MICR Codes for Shamrao Vithal Bank Panjim North Goa Goa

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MICR Code
Bank Shamrao Vithal Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Panjim
Contact 95832-2432552 / 95832-2432553
Bank Details Shamrao Vithal Co-Op Bank Ltd Panjim SVCB0000080
Location Panjim, North Goa
City Panjim
District North Goa
State Goa
Pincode 403001
Country IN
Address Opp : cine el dorado, panjim
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.

Search Shamrao Vithal Bank MICR Codes in north goa

You can search through MICR Codes of Goa branches in panjim of District north goa in Goa State by using the search box or you can browse through the table using the conrols at the bottom.

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

>>Panjim

How to find MICR codes for Shamrao Vithal Bank in panjim?

Shamrao Vithal Bank panjim MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Shamrao Bank MICR codes list for panjim, one can further search by branch name specified in the table. You can find MICR codes for all Shamrao Vithal Bank panjim branches.

Shamrao Bank MICR code in panjim

Shamrao Vithal Bank MICR code is a character recognition technology used by banks in the processing of cheques. Shamrao Bank MICR code for panjim branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for SVC Bank branches in panjim, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does SVC Bank MICR code for panjim branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Shamrao Vithal Bank panjim branch, sprinted 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. Thus MICR code for Shamrao Bank panjim branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of SVC Bank MICR codes for panjim branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

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