Shamrao Vithal Bank Sangmeshwar Ratnagiri Maharashtra MICR CODE

Find MICR Codes for Shamrao Vithal Bank Sangmeshwar 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 Sangmeshwar
Contact	02354-253229
Bank Details	Shamrao Vithal Co-Op Bank Ltd Chiplun Urban Bank Sangmeshwar SVCB0006011

Location	Sangmeshwar, Ratnagiri
City	Sangmeshwar
District	Ratnagiri
State	Maharashtra
Pincode	415611
Country	IN
Address	Bhingarde complex, bazarpeth, a/p/tal.sangmeshwar pin code no. 415611

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

A total of 2 branches of Shamrao Vithal Co-Op Bank Ltd are available with micr code -

>>Chiplun Urban Bank Deorukh >>Chiplun Urban Bank Sangmeshwar

MICR code for Shamrao Vithal Bank Chiplun Urban Bank Sangmeshwar

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

Use of Shamrao Bank MICR code for Chiplun Urban Bank Sangmeshwar branch in sangmeshwar

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