Shamrao Vithal Bank Sangli Sangli Maharashtra MICR CODE

Find MICR Codes for Shamrao Vithal Bank Sangli Sangli Maharashtra

↻ Reload
MICR Code
Bank Shamrao Vithal Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Appasaheb Birnale Sahakari Bank Ltd. Kasbe Digraj
Contact 0-8956129544
Bank Details Shamrao Vithal Co-Op Bank Ltd Appasaheb Birnale Sahakari Bank Ltd. Kasbe Digraj SVCB0055005
Location Sangli, Sangli
City Sangli
District Sangli
State Maharashtra
Pincode 416305
Country IN
Address Main road, a/p kasbe digraj tal miraj, dist- sangli, pin- 416305
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 Appasaheb Birnale Sahakari Bank Ltd. Kasbe Digraj 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 Shamrao Bank, Appasaheb Birnale Sahakari Bank Ltd. Kasbe Digraj branch makes the system almost error free and faster. Use of Shamrao Bank MICR codes for Appasaheb Birnale Sahakari Bank Ltd. Kasbe Digraj branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Shamrao Vithal Bank Appasaheb Birnale Sahakari Bank Ltd. Kasbe Digraj

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 Appasaheb Birnale Sahakari Bank Ltd. Kasbe Digraj 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 SVC Bank for Appasaheb Birnale Sahakari Bank Ltd. Kasbe Digraj branch. MICR code for Appasaheb Birnale Sahakari Bank Ltd. Kasbe Digraj 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 Appasaheb Birnale Sahakari Bank Ltd. Kasbe Digraj is presented in the table alongside.

Use of Shamrao Bank MICR code for Appasaheb Birnale Sahakari Bank Ltd. Kasbe Digraj branch in sangli

The MICR code 0 is used in RBI cheque clearing process to identify the branch Appasaheb Birnale Sahakari Bank Ltd. Kasbe Digraj 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!