Shamrao Vithal Bank Shahapur Yadgir Karnataka MICR CODE

Find MICR Codes for Shamrao Vithal Bank Shahapur Yadgir Karnataka

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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 Krishna Pattana Sahakar Bank Niyamitha Shahapur
Contact 243019
Bank Details Shamrao Vithal Co-Op Bank Ltd Krishna Pattana Sahakar Bank Niyamitha Shahapur SVCB0058002
Location Shahapur, Yadgir
City Shahapur
District Yadgir
State Karnataka
Pincode 585223
Country IN
Address Apmc yard, yadgir road, shahapur, district yadgir- 585223
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 585896511 for Krishna Pattana Sahakar Bank Niyamitha Shahapur 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 585896511 of Shamrao Bank, Krishna Pattana Sahakar Bank Niyamitha Shahapur branch makes the system almost error free and faster. Use of Shamrao Bank MICR codes for Krishna Pattana Sahakar Bank Niyamitha Shahapur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Shamrao Vithal Co-Op Bank Ltd are available with micr code -

>>Krishna Pattana Sahakar Bank Niyamitha Shahapur

MICR code for Shamrao Vithal Bank Krishna Pattana Sahakar Bank Niyamitha Shahapur

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 Krishna Pattana Sahakar Bank Niyamitha Shahapur 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. 585896511 is the MICR code of SVC Bank for Krishna Pattana Sahakar Bank Niyamitha Shahapur branch. MICR code for Krishna Pattana Sahakar Bank Niyamitha Shahapur 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 Krishna Pattana Sahakar Bank Niyamitha Shahapur is presented in the table alongside.

Use of Shamrao Bank MICR code for Krishna Pattana Sahakar Bank Niyamitha Shahapur branch in shahapur

The MICR code 585896511 is used in RBI cheque clearing process to identify the branch Krishna Pattana Sahakar Bank Niyamitha Shahapur 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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