Shamrao Vithal Bank Greater Bombay Mumbai Maharashtra MICR CODE

Find MICR Codes for Shamrao Vithal Bank Greater Bombay Mumbai 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 Bharati Sahakari Bank Worli
Contact 7208269947
Bank Details Shamrao Vithal Co-Op Bank Ltd Bharati Sahakari Bank Worli SVCB0010021
Location Greater Bombay, Mumbai
City Greater Bombay
District Mumbai
State Maharashtra
Pincode 400030
Country IN
Address Sukhada co-op housing society, shop no.6, sir pochkhanwala rd, opp. Rto office, worli, mumbai- 400030
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 400355003 for Bharati Sahakari Bank Worli 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 400355003 of Shamrao Bank, Bharati Sahakari Bank Worli branch makes the system almost error free and faster. Use of Shamrao Bank MICR codes for Bharati Sahakari Bank Worli branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of Shamrao Vithal Co-Op Bank Ltd are available with micr code -

>>Bharati Sahakari Bank Worli >>Hanuman Road Vile Parle East >>Hindustan Coop Bk Bhoiwada Parel >>Jawahar Nagar Goregaon >>Service Branch

MICR code for Shamrao Vithal Bank Bharati Sahakari Bank Worli

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 Bharati Sahakari Bank Worli 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. 400355003 is the MICR code of SVC Bank for Bharati Sahakari Bank Worli branch. MICR code for Bharati Sahakari Bank Worli 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 Bharati Sahakari Bank Worli is presented in the table alongside.

Use of Shamrao Bank MICR code for Bharati Sahakari Bank Worli branch in greater bombay

The MICR code 400355003 is used in RBI cheque clearing process to identify the branch Bharati Sahakari Bank Worli 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.

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