Shamrao Vithal Bank Ahmadnagar Ahmadnagar Maharashtra MICR CODE

Find MICR Codes for Shamrao Vithal Bank Ahmadnagar Ahmadnagar Maharashtra

↻ Reload
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 Zendigate
Contact 0241-2341849, 2417204, 9881465305
Bank Details Shamrao Vithal Co-Op Bank Ltd Ahmednagar Shahar S Bk Zendigate SVCB0008004
Location Ahmadnagar, Ahmadnagar
City Ahmadnagar
District Ahmadnagar
State Maharashtra
Pincode 414001
Country IN
Address 2177-a, bansi maharaj mithaiwala building, adate bazar corner, tapkir lane, ramchandra khunt, ahmednagar- 414001.
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 414802004 for Ahmednagar Shahar S Bk Zendigate 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 414802004 of Shamrao Bank, Ahmednagar Shahar S Bk Zendigate branch makes the system almost error free and faster. Use of Shamrao Bank MICR codes for Ahmednagar Shahar S Bk Zendigate branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Shamrao Vithal Bank Ahmednagar Shahar S Bk Zendigate

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 Ahmednagar Shahar S Bk Zendigate 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. 414802004 is the MICR code of SVC Bank for Ahmednagar Shahar S Bk Zendigate branch. MICR code for Ahmednagar Shahar S Bk Zendigate 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 Ahmednagar Shahar S Bk Zendigate is presented in the table alongside.

Use of Shamrao Bank MICR code for Ahmednagar Shahar S Bk Zendigate branch in ahmadnagar

The MICR code 414802004 is used in RBI cheque clearing process to identify the branch Ahmednagar Shahar S Bk Zendigate 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.

Copied!