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Shinhan Bank Vellore Vellore Tamil Nadu MICR CODE

Find MICR Codes for Shinhan Bank Vellore Vellore Tamil Nadu

Bank
State
District
City
Branch
Address

MICR Code	-NA-
Bank	Shinhan Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Walajapet Branch
Contact
Bank Details	Shinhan Bank Walajapet Branch SHBK0000005

Location	Vellore, Vellore
City	Vellore
District	Vellore
State	Tamil Nadu
Pincode	632513
Country	IN
Address	No.8, thirumalai mudali street, walajapet - 632 513, vellore district, tamilnadu.

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

A total of 1 branches of Shinhan Bank are available with micr code -

>>Walajapet Branch

MICR code for Shinhan Bank Walajapet Branch

Shinhan Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Shinhan Bank MICR code for Walajapet Branch 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 Shinhan Bank for Walajapet Branch branch. MICR code for Walajapet Branch 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 Shinhan Bank Walajapet Branch is presented in the table alongside.

Use of Shinhan Bank MICR code for Walajapet Branch branch in vellore

The MICR code 0 is used in RBI cheque clearing process to identify the branch Walajapet Branch and Shinhan 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 Shinhan Bank is typically in either of these two font’s: E-138 and CMC-7.