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 Gandhi Bagh Nagpur(E)
Contact 66999999
Bank Details Shamrao Vithal Co-Op Bank Ltd Gandhi Bagh Nagpur(E) SVCB0000121
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 440008
Country IN
Address Suraj sadan, plot no. 10,c. A. Road, opp. South gate,gandhi bagh,nagpur (e) - 440 008
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 440089003 for Gandhi Bagh Nagpur(E) 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 440089003 of Shamrao Bank, Gandhi Bagh Nagpur(E) branch makes the system almost error free and faster. Use of Shamrao Bank MICR codes for Gandhi Bagh Nagpur(E) branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Shamrao Vithal Bank Gandhi Bagh Nagpur(E)

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 Gandhi Bagh Nagpur(E) 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. 440089003 is the MICR code of SVC Bank for Gandhi Bagh Nagpur(E) branch. MICR code for Gandhi Bagh Nagpur(E) 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 Gandhi Bagh Nagpur(E) is presented in the table alongside.

Use of Shamrao Bank MICR code for Gandhi Bagh Nagpur(E) branch in mumbai

The MICR code 440089003 is used in RBI cheque clearing process to identify the branch Gandhi Bagh Nagpur(E) 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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