MICR Code Bank
Find MICR code for Shivalik Mercentile Bank branches in India for NEFT and RTGS transfer

Shivalik Mercentile Bank MICR CODE

Find MICR Codes for Shivalik Mercentile Bank

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  1. Shivalik Mercentile Coop Bank Ltd »
  2. Uttar Pradesh »
  3. saharanpur »
  4. saharanpur »
  5. madho nagar

Find MICR Codes for Shivalik Mercentile Bank

MICR Code: -NA-
Bank: Shivalik Mercentile Coop Bank Ltd
Business Hours:
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

How does MICR code for 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 of Shivalik Mercentile Coop Bank, branch makes the system almost error free and faster. Use of Shivalik Mercentile Coop Bank MICR codes for 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

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 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. is the MICR code of Shivalik Mercentile Bank for branch. MICR code for 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 is presented in the table alongside.

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

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