Shamrao Vithal Bank Chiplun Ratnagiri Maharashtra MICR CODE

Find MICR Codes for Shamrao Vithal Bank Chiplun Ratnagiri Maharashtra

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MICR Code	-NA-
Bank	Shamrao Vithal Co-Op Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Chiplun Urban Bank Margtamhane
Contact	02355- 261273/261018
Bank Details	Shamrao Vithal Co-Op Bank Ltd Chiplun Urban Bank Margtamhane SVCB0006014

Location	Chiplun, Ratnagiri
City	Chiplun
District	Ratnagiri
State	Maharashtra
Pincode	415702
Country	IN
Address	Salvi house no.61, near dr.natu hospital,a/p.margtamhane- 415 702

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 Chiplun Urban Bank Margtamhane 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, Chiplun Urban Bank Margtamhane branch makes the system almost error free and faster. Use of Shamrao Bank MICR codes for Chiplun Urban Bank Margtamhane branch, makes the characters readable even if there are other marks and stamps on it.

A total of 6 branches of Shamrao Vithal Co-Op Bank Ltd are available with micr code -

>>Chiplun Urban Bank D.B.J. College Campus >>Chiplun Urban Bank Main Br.Chiplun >>Chiplun Urban Bank Margtamhane >>Chiplun Urban Bank Sawarde >>Chiplun Urban Bank Shrigaon >>Chiplun Urban Bank Upnagar Kherdi

MICR code for Shamrao Vithal Bank Chiplun Urban Bank Margtamhane

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 Chiplun Urban Bank Margtamhane 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 Chiplun Urban Bank Margtamhane branch. MICR code for Chiplun Urban Bank Margtamhane 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 Chiplun Urban Bank Margtamhane is presented in the table alongside.

Use of Shamrao Bank MICR code for Chiplun Urban Bank Margtamhane branch in chiplun

The MICR code 0 is used in RBI cheque clearing process to identify the branch Chiplun Urban Bank Margtamhane 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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