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Shivalik Mercentile Bank Saharanpur Saharanpur Uttar Pradesh MICR CODE

Find MICR Codes for Shivalik Mercentile Bank Saharanpur Saharanpur Uttar Pradesh

Bank
State
District
City
Branch
Address

MICR Code	-NA-
Bank	Shivalik Mercentile Coop Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Madho Nagar
Contact	9837060380
Bank Details	Shivalik Mercentile Coop Bank Ltd Madho Nagar SMCB0001021

Location	Saharanpur, Saharanpur
City	Saharanpur
District	Saharanpur
State	Uttar Pradesh
Pincode	247001
Country	IN
Address	Ground floor, 6 by 6276, new madho nagar, 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 Madho Nagar 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, Madho Nagar branch makes the system almost error free and faster. Use of Shivalik Mercentile Coop Bank MICR codes for Madho Nagar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 6 branches of Shivalik Mercentile Coop Bank Ltd are available with micr code -

>>Ansari Road >>Chilkana Road >>Hakikat Nagar >>Head Office >>Madho Nagar >>Sharda Nagar

MICR code for Shivalik Mercentile Bank Madho Nagar

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 Madho Nagar 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 Madho Nagar branch. MICR code for Madho Nagar 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 Madho Nagar is presented in the table alongside.

Use of Shivalik Mercentile Coop Bank MICR code for Madho Nagar branch in saharanpur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Madho Nagar 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.