|
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 of Shamrao Bank, branch makes the system almost error free and faster. Use of Shamrao Bank MICR codes for branch, makes the characters readable even if there are other marks and stamps on it.
>>Ahmednagar Shahar S Bk Gulmohar Rd >>Ahmednagar Shahar S Bk Maliwada >>Ahmednagar Shahar S Bk Manmad Rd >>Ahmednagar Shahar S Bk Market Yard >>Ahmednagar Shahar S Bk Navipeth >>Ahmednagar Shahar S Bk Nepti Apmc >>Ahmednagar Shahar S Bk Savedi >>Ahmednagar Shahar S Bk Sukkar Chwk >>Ahmednagar Shahar S Bk Tarakpur >>Ahmednagar Shahar S Bk Zendigate >>Bhingar Urban Coop Bank Ltd Bhingar >>Bhingar Urban Coop Bank Ltd Bolhegaon >>Bhingar Urban Coop Bank Ltd Maliwada >>Bhingar Urban Coop Bank Ltd Pipeline >>Bhingar Urban Coop Bank Ltd Zopadi >>Dharamvir Sambhaji Bk Nagapur Branch >>The Ambika Mahila Sahakari Bank Ltd Balikashram Road >>The Ambika Mahila Sahakari Bank Ltd Maliwada >>The Ambika Mahila Sahakari Bank Ltd Pipeline Road >>The Ambika Mahila Sahakari Bank Ltd Sarasnagar >>The Kopargaon Peoples Coop Bank Ltd Ahmednagar
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 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. is the MICR code of SVC Bank for branch. MICR code for 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 is presented in the table alongside.
The MICR code is used in RBI cheque clearing process to identify the branch 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.