Shamrao Vithal Bank Mumbai Greater Bombay Maharashtra MICR CODE

Find MICR Codes for Shamrao Vithal Bank Mumbai Greater Bombay Maharashtra

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MICR Code	-NA-
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	Lalbaug
Contact	24700800/24700801
Bank Details	Shamrao Vithal Co-Op Bank Ltd Lalbaug SVCB0000047

Location	Mumbai, Greater Bombay
City	Mumbai
District	Greater Bombay
State	Maharashtra
Pincode	400012
Country	IN
Address	Shop no - 09,10,11,ground floor, hilla tower chs ltd,dr. S s road.mumbai-12.

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 0 for Lalbaug 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 0 of Shamrao Bank, Lalbaug branch makes the system almost error free and faster. Use of Shamrao Bank MICR codes for Lalbaug branch, makes the characters readable even if there are other marks and stamps on it.

A total of 57 branches of Shamrao Vithal Co-Op Bank Ltd are available with micr code -

>>Bandra >>Bandra East >>Bangur Nagar Goregaon W >>Bhandup East >>Borivali Branch >>Cg Road Chembur >>Chembur >>Corporate And Administrative Office >>Cuffe Parde >>Currey Road >>Dadar Branch >>Dadar East >>Dahisar (E) >>Eksar Road Branch >>Gamdevi >>Ghatkopar >>Goregaon >>Hindustan Coop Bk Chembur East >>Hindustan Coop Bk Kandivali East >>Hindustan Coop Bk Khar East >>Hindustan Coop Bk Malad East >>Hindustan Coop Bk Vikroli East >>Hindustan Coop Bk Wadala East >>Kalyan >>Kamothe >>Kandivali (E) >>Kandivali (W) >>Khar Branch >>Lalbaug >>Mahakali >>Malad >>Mandvi >>Matunga >>Mulund >>Poddar Road >>S V Marg >>Sahyadri Sahakari Bank Chira Bazar >>Sahyadri Sahakari Bank Head Office >>Sahyadri Sahakari Bank Kandivli(W) >>Sahyadri Sahakari Bank Lalbaug >>Sahyadri Sahakari Bank Vithalwadi >>Saki Naka >>Sandhurst Road >>Santacruz (W) >>Shreeram Sahakari Bk Ltd Ferbunder >>Shyam Nagar Majaswadi >>Sleater Road >>Thakur Village >>Thane >>The Shalini Sahakari Bank Ltd N.M. Joshi Marg >>Tilaknagar >>Vakola Branch >>Vashi >>Vazira Naka >>Versova >>Vile Parle >>Worli

MICR code for Shamrao Vithal Bank Lalbaug

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 Lalbaug 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. 0 is the MICR code of SVC Bank for Lalbaug branch. MICR code for Lalbaug 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 Lalbaug is presented in the table alongside.

Use of Shamrao Bank MICR code for Lalbaug branch in mumbai

The MICR code 0 is used in RBI cheque clearing process to identify the branch Lalbaug 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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