Shri Veershaiv Co Operative Bank Limited Kolhapur Kolhapur Maharashtra MICR CODE

Find MICR Codes for Shri Veershaiv Co Operative Bank Limited Kolhapur Kolhapur Maharashtra

MICR Code
Bank Shri Veershaiv Co Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Rtgsho
Contact 2536940
Bank Details Shri Veershaiv Co Op Bank Ltd Rtgsho SVSH0000001
Location Kolhapur, Kolhapur
City Kolhapur
District Kolhapur
State Maharashtra
Pincode
Country IN
Address 517,a/1,e ward,tararani chowk
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 Rtgsho 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, Rtgsho branch makes the system almost error free and faster. Use of SVCB Bank MICR codes for Rtgsho branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Shri Veershaiv Co Operative Bank Limited Rtgsho

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 Rtgsho 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 Rtgsho branch. MICR code for Rtgsho 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 Rtgsho is presented in the table alongside.

Use of SVCB Bank MICR code for Rtgsho branch in kolhapur

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

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