Shamrao Vithal Bank Banglore Bangalore Urban Karnataka MICR CODE

Find MICR Codes for Shamrao Vithal Bank Banglore Bangalore Urban Karnataka

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MICR Code	560089005
Bank	Shamrao Vithal Co-Op Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Koramangala
Contact	080-25503861 / 080-25503862
Bank Details	Shamrao Vithal Co-Op Bank Ltd Koramangala SVCB0000063

Location	Banglore, Bangalore Urban
City	Banglore
District	Bangalore Urban
State	Karnataka
Pincode	560034
Country	IN
Address	M/s ansul marketing,no.72/51& 52,80 feet road,4th block,koramangala,b-34

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 560089005 for Koramangala 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 560089005 of Shamrao Bank, Koramangala branch makes the system almost error free and faster. Use of Shamrao Bank MICR codes for Koramangala branch, makes the characters readable even if there are other marks and stamps on it.

A total of 16 branches of Shamrao Vithal Co-Op Bank Ltd are available with micr code -

>>Banashankari >>Basaveshwara Nagar >>Chamrajpet >>Hanumanth Nagar >>Hessarghatta Road Branch >>Indira Nagar >>Jaya Nagar >>Koramangala >>Malleshwaram >>Mysore Road >>Nagarabhavi >>Peenya >>R.T.Nagar >>Rajaji Nagar >>Vijay Nagar Extn Counter >>Yeshwanthpur

MICR code for Shamrao Vithal Bank Koramangala

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 Koramangala 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. 560089005 is the MICR code of SVC Bank for Koramangala branch. MICR code for Koramangala 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 Koramangala is presented in the table alongside.

Use of Shamrao Bank MICR code for Koramangala branch in banglore

The MICR code 560089005 is used in RBI cheque clearing process to identify the branch Koramangala 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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