Shamrao Vithal Bank South Goa Margao Goa MICR CODE

Find MICR Codes for Shamrao Vithal Bank South Goa Margao 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 Margao
Contact 9158332310
Bank Details Shamrao Vithal Co-Op Bank Ltd Margao SVCB0000123
Location South Goa, Margao
City South Goa
District Margao
State Goa
Pincode 403601
Country IN
Address Ground floor, shop no 1& 2, vasant arcade,comba, margao, goa- 403601
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 margao

You can search through MICR Codes of Goa branches in south goa of District margao 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 -

>>Margao

How to find MICR codes for Shamrao Vithal Bank in south goa?

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

Shamrao Bank MICR code in south goa

Shamrao Vithal Bank MICR code is a character recognition technology used by banks in the processing of cheques. Shamrao Bank MICR code for south goa 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 south goa, 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 south goa 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 south goa 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 south goa branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of SVC Bank MICR codes for south goa 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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