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 Hindustan Coop Bk Kolsewadi Kly(E)
Contact 0251-2363354
Bank Details Shamrao Vithal Co-Op Bank Ltd Hindustan Coop Bk Kolsewadi Kly(E) SVCB0001007
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode
Country IN
Address Devi dayal tower, opp. Kolsewadi police station, kolsewadi, kalyan (e), dist. Thane.
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 400801008 for Hindustan Coop Bk Kolsewadi Kly(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 400801008 of Shamrao Bank, Hindustan Coop Bk Kolsewadi Kly(E) branch makes the system almost error free and faster. Use of Shamrao Bank MICR codes for Hindustan Coop Bk Kolsewadi Kly(E) branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Shamrao Vithal Bank Hindustan Coop Bk Kolsewadi Kly(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 Hindustan Coop Bk Kolsewadi Kly(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. 400801008 is the MICR code of SVC Bank for Hindustan Coop Bk Kolsewadi Kly(E) branch. MICR code for Hindustan Coop Bk Kolsewadi Kly(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 Hindustan Coop Bk Kolsewadi Kly(E) is presented in the table alongside.

Use of Shamrao Bank MICR code for Hindustan Coop Bk Kolsewadi Kly(E) branch in mumbai

The MICR code 400801008 is used in RBI cheque clearing process to identify the branch Hindustan Coop Bk Kolsewadi Kly(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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