Shamrao Vithal Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Shamrao Vithal Bank Mumbai 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 Dahisar East(Anandnagar)
Contact 022-66999999
Bank Details Shamrao Vithal Co-Op Bank Ltd Dahisar East(Anandnagar) SVCB0000049
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400068
Country IN
Address Shop nos. 8c,13-15, shivam chs ltd.,chhatrapati shivaji rd. No.5,dahisar (e),mumbai -400 068
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 400089049 for Dahisar East(Anandnagar) 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 400089049 of Shamrao Bank, Dahisar East(Anandnagar) branch makes the system almost error free and faster. Use of Shamrao Bank MICR codes for Dahisar East(Anandnagar) branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Shamrao Vithal Bank Dahisar East(Anandnagar)

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 Dahisar East(Anandnagar) 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. 400089049 is the MICR code of SVC Bank for Dahisar East(Anandnagar) branch. MICR code for Dahisar East(Anandnagar) 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 Dahisar East(Anandnagar) is presented in the table alongside.

Use of Shamrao Bank MICR code for Dahisar East(Anandnagar) branch in mumbai

The MICR code 400089049 is used in RBI cheque clearing process to identify the branch Dahisar East(Anandnagar) 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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