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Shivalik Mercentile Bank Deoband Saharanpur Uttar Pradesh MICR CODE

Find MICR Codes for Shivalik Mercentile Bank Deoband Saharanpur Uttar Pradesh

MICR Code
Bank Shivalik Mercentile Coop Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Deoband
Contact 222808
Bank Details Shivalik Mercentile Coop Bank Ltd Deoband SMCB0001004
Location Deoband, Saharanpur
City Deoband
District Saharanpur
State Uttar Pradesh
Pincode 247554
Country IN
Address Ground floor, 780, subhash chowk, railway road, deoband, district saharanpur up
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 0 for Deoband 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 0 of Shivalik Mercentile Coop Bank, Deoband branch makes the system almost error free and faster. Use of Shivalik Mercentile Coop Bank MICR codes for Deoband branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Shivalik Mercentile Coop Bank Ltd are available with micr code -

>>Deoband

MICR code for Shivalik Mercentile Bank Deoband

Shivalik Mercentile Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Shivalik Mercentile Coop Bank MICR code for Deoband 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. 0 is the MICR code of Shivalik Mercentile Bank for Deoband branch. MICR code for Deoband 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 Shivalik Mercentile Coop Bank Deoband is presented in the table alongside.

Use of Shivalik Mercentile Coop Bank MICR code for Deoband branch in deoband

The MICR code 0 is used in RBI cheque clearing process to identify the branch Deoband and Shivalik Mercentile Coop 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 Shivalik Mercentile Bank is typically in either of these two font’s: E-138 and CMC-7.