Shamrao Vithal Bank Shikrapur Pune Maharashtra MICR CODE

Find MICR Codes for Shamrao Vithal Bank Shikrapur Pune 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 Dharmavir Sambhaji Bk Shikrapur
Contact 7887882877
Bank Details Shamrao Vithal Co-Op Bank Ltd Dharmavir Sambhaji Bk Shikrapur SVCB0004011
Location Shikrapur, Pune
City Shikrapur
District Pune
State Maharashtra
Pincode 412208
Country IN
Address Gate no 2033, chavan complex, ground floor, shikrapur, taluka shirur, district pune- 412208
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 411532280 for Dharmavir Sambhaji Bk Shikrapur 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 411532280 of Shamrao Bank, Dharmavir Sambhaji Bk Shikrapur branch makes the system almost error free and faster. Use of Shamrao Bank MICR codes for Dharmavir Sambhaji Bk Shikrapur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Shamrao Vithal Co-Op Bank Ltd are available with micr code -

>>Dharmavir Sambhaji Bk Shikrapur

MICR code for Shamrao Vithal Bank Dharmavir Sambhaji Bk Shikrapur

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 Dharmavir Sambhaji Bk Shikrapur 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. 411532280 is the MICR code of SVC Bank for Dharmavir Sambhaji Bk Shikrapur branch. MICR code for Dharmavir Sambhaji Bk Shikrapur 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 Dharmavir Sambhaji Bk Shikrapur is presented in the table alongside.

Use of Shamrao Bank MICR code for Dharmavir Sambhaji Bk Shikrapur branch in shikrapur

The MICR code 411532280 is used in RBI cheque clearing process to identify the branch Dharmavir Sambhaji Bk Shikrapur 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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