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Shri Veershaiv Co Operative Bank Limited Raichur Raichur Karnataka MICR CODE

Find MICR Codes for Shri Veershaiv Co Operative Bank Limited Raichur Raichur Karnataka

MICR Code:
Bank: Shri Veershaiv Co Op Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Raichur
Contact: 235915
Bank Details: Shri Veershaiv Co Op Bank Ltd Raichur SVSH0000029
Location: Raichur, Raichur
City: Raichur
District: Raichur
State: Karnataka
Pincode:
Country: IN
Address: Shop no-12-2-15,manchal building,gunj road,near gunj market raichur-584102
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 Raichur 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 SVCB Bank, Raichur branch makes the system almost error free and faster. Use of SVCB Bank MICR codes for Raichur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Shri Veershaiv Co Op Bank Ltd are available with micr code -

>>Raichur

MICR code for Shri Veershaiv Co Operative Bank Limited Raichur

Shri Veershaiv Co Operative Bank Limited MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. SVCB Bank MICR code for Raichur 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 Shri Veershaiv Co Operative Bank Limited for Raichur branch. MICR code for Raichur 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 SVCB Bank Raichur is presented in the table alongside.

Use of SVCB Bank MICR code for Raichur branch in raichur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Raichur and SVCB 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 Shri Veershaiv Co Operative Bank Limited is typically in either of these two font’s: E-138 and CMC-7.