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Shamrao Vithal Bank Mumbai Greater Bombay Maharashtra MICR CODE

Find MICR Codes for Shamrao Vithal Bank Mumbai Greater Bombay Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	400089005
Bank	Shamrao Vithal Co-Op Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Matunga
Contact	912224379927/4316813
Bank Details	Shamrao Vithal Co-Op Bank Ltd Matunga SVCB0000005

Location	Mumbai, Greater Bombay
City	Mumbai
District	Greater Bombay
State	Maharashtra
Pincode	400019
Country	IN
Address	5, kanara house, mogul lane, mahim, mumbai mogul lane mahim , mumbai

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 400089005 for Matunga 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 400089005 of Shamrao Bank, Matunga branch makes the system almost error free and faster. Use of Shamrao Bank MICR codes for Matunga branch, makes the characters readable even if there are other marks and stamps on it.

A total of 57 branches of Shamrao Vithal Co-Op Bank Ltd are available with micr code -

>>Bandra >>Bandra East >>Bangur Nagar Goregaon W >>Bhandup East >>Borivali Branch >>Cg Road Chembur >>Chembur >>Corporate And Administrative Office >>Cuffe Parde >>Currey Road >>Dadar Branch >>Dadar East >>Dahisar (E) >>Eksar Road Branch >>Gamdevi >>Ghatkopar >>Goregaon >>Hindustan Coop Bk Chembur East >>Hindustan Coop Bk Kandivali East >>Hindustan Coop Bk Khar East >>Hindustan Coop Bk Malad East >>Hindustan Coop Bk Vikroli East >>Hindustan Coop Bk Wadala East >>Kalyan >>Kamothe >>Kandivali (E) >>Kandivali (W) >>Khar Branch >>Lalbaug >>Mahakali >>Malad >>Mandvi >>Matunga >>Mulund >>Poddar Road >>S V Marg >>Sahyadri Sahakari Bank Chira Bazar >>Sahyadri Sahakari Bank Head Office >>Sahyadri Sahakari Bank Kandivli(W) >>Sahyadri Sahakari Bank Lalbaug >>Sahyadri Sahakari Bank Vithalwadi >>Saki Naka >>Sandhurst Road >>Santacruz (W) >>Shreeram Sahakari Bk Ltd Ferbunder >>Shyam Nagar Majaswadi >>Sleater Road >>Thakur Village >>Thane >>The Shalini Sahakari Bank Ltd N.M. Joshi Marg >>Tilaknagar >>Vakola Branch >>Vashi >>Vazira Naka >>Versova >>Vile Parle >>Worli

MICR code for Shamrao Vithal Bank Matunga

Shamrao Vithal Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Shamrao Bank MICR code for Matunga 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. 400089005 is the MICR code of SVC Bank for Matunga branch. MICR code for Matunga 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 Shamrao Bank Matunga is presented in the table alongside.

Use of Shamrao Bank MICR code for Matunga branch in mumbai

The MICR code 400089005 is used in RBI cheque clearing process to identify the branch Matunga and Shamrao 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 SVC Bank is typically in either of these two font’s: E-138 and CMC-7.