Shamrao Vithal Bank Greater Bombay Mumbai Maharashtra MICR CODE

Find MICR Codes for Shamrao Vithal Bank Greater Bombay 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 Hanuman Road Vile Parle East
Contact 26189001
Bank Details Shamrao Vithal Co-Op Bank Ltd Hanuman Road Vile Parle East SVCB0000185
Location Greater Bombay, Mumbai
City Greater Bombay
District Mumbai
State Maharashtra
Pincode 400057
Country IN
Address Ashok guruprasad chs ltd, bldg. No. 04, shop- 1, hanuman road,vile parle east, mumbai- 400057
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 400089093 for Hanuman Road Vile Parle East 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 400089093 of Shamrao Bank, Hanuman Road Vile Parle East branch makes the system almost error free and faster. Use of Shamrao Bank MICR codes for Hanuman Road Vile Parle East branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of Shamrao Vithal Co-Op Bank Ltd are available with micr code -

>>Bharati Sahakari Bank Worli >>Hanuman Road Vile Parle East >>Hindustan Coop Bk Bhoiwada Parel >>Jawahar Nagar Goregaon >>Service Branch

MICR code for Shamrao Vithal Bank Hanuman Road Vile Parle East

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 Hanuman Road Vile Parle East 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. 400089093 is the MICR code of SVC Bank for Hanuman Road Vile Parle East branch. MICR code for Hanuman Road Vile Parle East 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 Hanuman Road Vile Parle East is presented in the table alongside.

Use of Shamrao Bank MICR code for Hanuman Road Vile Parle East branch in greater bombay

The MICR code 400089093 is used in RBI cheque clearing process to identify the branch Hanuman Road Vile Parle East 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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