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 Four Bungalows Mumbai Andheri
Contact 022 26311037 / 1049
Bank Details Shamrao Vithal Co-Op Bank Ltd Four Bungalows Mumbai Andheri SVCB0000067
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400053
Country IN
Address Ground floor,shop nos 3,4 & 5, shree sagvan chs ltd., rto lane, four bungalows, andheri(w) mumbai-400053
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 Four Bungalows Mumbai Andheri 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, Four Bungalows Mumbai Andheri branch makes the system almost error free and faster. Use of Shamrao Bank MICR codes for Four Bungalows Mumbai Andheri branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Shamrao Vithal Bank Four Bungalows Mumbai Andheri

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 Four Bungalows Mumbai Andheri 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 Four Bungalows Mumbai Andheri branch. MICR code for Four Bungalows Mumbai Andheri 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 Four Bungalows Mumbai Andheri is presented in the table alongside.

Use of Shamrao Bank MICR code for Four Bungalows Mumbai Andheri branch in mumbai

The MICR code 0 is used in RBI cheque clearing process to identify the branch Four Bungalows Mumbai Andheri 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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