Shamrao Vithal Bank Kopargaon Ahmadnagar Maharashtra MICR CODE

Find MICR Codes for Shamrao Vithal Bank Kopargaon Ahmadnagar 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 Gautam Sahakari Bank Kopargaon
Contact 222790
Bank Details Shamrao Vithal Co-Op Bank Ltd Gautam Sahakari Bank Kopargaon SVCB0047003
Location Kopargaon, Ahmadnagar
City Kopargaon
District Ahmadnagar
State Maharashtra
Pincode 423601
Country IN
Address A/p- kopargaon, district- ahmednagar, pin- 423601
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 423585001 for Gautam Sahakari Bank Kopargaon 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 423585001 of Shamrao Bank, Gautam Sahakari Bank Kopargaon branch makes the system almost error free and faster. Use of Shamrao Bank MICR codes for Gautam Sahakari Bank Kopargaon branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Shamrao Vithal Co-Op Bank Ltd are available with micr code -

>>Gautam Sahakari Bank Kopargaon >>Gautam Sahakari Bank Ltd Gautamnagar >>Gautam Sahakari Bank Ltd Sanvatsar >>The Kopargaon Peoples Coop Bank Ltd Kopargaon

MICR code for Shamrao Vithal Bank Gautam Sahakari Bank Kopargaon

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 Gautam Sahakari Bank Kopargaon 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. 423585001 is the MICR code of SVC Bank for Gautam Sahakari Bank Kopargaon branch. MICR code for Gautam Sahakari Bank Kopargaon 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 Gautam Sahakari Bank Kopargaon is presented in the table alongside.

Use of Shamrao Bank MICR code for Gautam Sahakari Bank Kopargaon branch in kopargaon

The MICR code 423585001 is used in RBI cheque clearing process to identify the branch Gautam Sahakari Bank Kopargaon 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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