Shamrao Vithal Bank Ahmadnagar Ahmadnagar Maharashtra MICR CODE

Find MICR Codes for Shamrao Vithal Bank Ahmadnagar Ahmadnagar Maharashtra

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MICR Code
Bank Shamrao Vithal Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ahmednagar Shahar S Bk Savedi
Contact 0241-2430502, 2417202, 9822352527
Bank Details Shamrao Vithal Co-Op Bank Ltd Ahmednagar Shahar S Bk Savedi SVCB0008002
Location Ahmadnagar, Ahmadnagar
City Ahmadnagar
District Ahmadnagar
State Maharashtra
Pincode 414003
Country IN
Address “krutarth”, near hotel premdan, savedi road, serve no. 176/1, plot no. 43, ahmednagar 414003.
MICR Code
Bank Shamrao Vithal Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ahmednagar Shahar S Bk Maliwada
Contact 0241-2343439, 2417203, 9689631516
Bank Details Shamrao Vithal Co-Op Bank Ltd Ahmednagar Shahar S Bk Maliwada SVCB0008003
Location Ahmadnagar, Ahmadnagar
City Ahmadnagar
District Ahmadnagar
State Maharashtra
Pincode 414001
Country IN
Address “kruparth”, maliwada wes chowk, wadia park road, ahmednagar- 414001.
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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 to find MICR codes for Shamrao Vithal Bank in ahmadnagar?

Shamrao Vithal Bank ahmadnagar MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Shamrao Bank MICR codes list for ahmadnagar, one can further search by branch name specified in the table. You can find MICR codes for all Shamrao Vithal Bank ahmadnagar branches.

Shamrao Bank MICR code in ahmadnagar

Shamrao Vithal Bank MICR code is a character recognition technology used by banks in the processing of cheques. Shamrao Bank MICR code for ahmadnagar branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for SVC Bank branches in ahmadnagar, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does SVC Bank MICR code for ahmadnagar branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Shamrao Vithal Bank ahmadnagar branch, sprinted 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. Thus MICR code for Shamrao Bank ahmadnagar branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of SVC Bank MICR codes for ahmadnagar branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

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