Shamrao Vithal Bank Bangalore Bangalore Urban Karnataka MICR CODE

Find MICR Codes for Shamrao Vithal Bank Bangalore Bangalore Urban Karnataka

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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 Deepak Sahkari Bk Srirampuram
Contact 080-23524400
Bank Details Shamrao Vithal Co-Op Bank Ltd Deepak Sahkari Bk Srirampuram SVCB0018007
Location Bangalore, Bangalore Urban
City Bangalore
District Bangalore Urban
State Karnataka
Pincode 560021
Country IN
Address No. 29/1, 3rd cross, 7th main, srirampuram, bangalore - 560 021
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 560226337 for Deepak Sahkari Bk Srirampuram 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 560226337 of Shamrao Bank, Deepak Sahkari Bk Srirampuram branch makes the system almost error free and faster. Use of Shamrao Bank MICR codes for Deepak Sahkari Bk Srirampuram branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Shamrao Vithal Bank Deepak Sahkari Bk Srirampuram

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 Deepak Sahkari Bk Srirampuram 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. 560226337 is the MICR code of SVC Bank for Deepak Sahkari Bk Srirampuram branch. MICR code for Deepak Sahkari Bk Srirampuram 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 Deepak Sahkari Bk Srirampuram is presented in the table alongside.

Use of Shamrao Bank MICR code for Deepak Sahkari Bk Srirampuram branch in bangalore

The MICR code 560226337 is used in RBI cheque clearing process to identify the branch Deepak Sahkari Bk Srirampuram 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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