Shamrao Vithal Bank Mahad Raigad Maharashtra MICR CODE

Find MICR Codes for Shamrao Vithal Bank Mahad Raigad 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 Chiplun Urban Coop Bank Ltd Mahad
Contact 226200
Bank Details Shamrao Vithal Co-Op Bank Ltd Chiplun Urban Coop Bank Ltd Mahad SVCB0006021
Location Mahad, Raigad
City Mahad
District Raigad
State Maharashtra
Pincode 402301
Country IN
Address New property no. W3z2000751, ground floor, mahamunkar building, mahad, raigad- 402301
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 402810001 for Chiplun Urban Coop Bank Ltd Mahad 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 402810001 of Shamrao Bank, Chiplun Urban Coop Bank Ltd Mahad branch makes the system almost error free and faster. Use of Shamrao Bank MICR codes for Chiplun Urban Coop Bank Ltd Mahad 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 Coop Bank Ltd Mahad >>Wai Urban Coop Bk Ltd Mahad

MICR code for Shamrao Vithal Bank Chiplun Urban Coop Bank Ltd Mahad

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 Coop Bank Ltd Mahad 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. 402810001 is the MICR code of SVC Bank for Chiplun Urban Coop Bank Ltd Mahad branch. MICR code for Chiplun Urban Coop Bank Ltd Mahad 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 Coop Bank Ltd Mahad is presented in the table alongside.

Use of Shamrao Bank MICR code for Chiplun Urban Coop Bank Ltd Mahad branch in mahad

The MICR code 402810001 is used in RBI cheque clearing process to identify the branch Chiplun Urban Coop Bank Ltd Mahad 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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