Shamrao Vithal Bank Mahad Raigad Maharashtra MICR CODE

Find MICR Codes for Shamrao Vithal Bank Mahad Raigad 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 Chiplun Urban Coop Bank Ltd Mahad
Contact 226200
Bank Details Shamrao Vithal Co-Op Bank Ltd Chiplun Urban Coop Bank Ltd Mahad SVCB0006021
Location Mahad, Raigad
City Mahad
District Raigad
State Maharashtra
Pincode 402301
Country IN
Address New property no. W3z2000751, ground floor, mahamunkar building, mahad, raigad- 402301
MICR Code
Bank Shamrao Vithal Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Wai Urban Coop Bk Ltd Mahad
Contact 8380012179
Bank Details Shamrao Vithal Co-Op Bank Ltd Wai Urban Coop Bk Ltd Mahad SVCB0016030
Location Mahad, Raigad
City Mahad
District Raigad
State Maharashtra
Pincode 402301
Country IN
Address Cts no 157/1/ a. Prabhat colony, a/p- mahad, taluka- mahad, district- raigad (402301)
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.

Search Shamrao Vithal Bank MICR Codes in raigad

You can search through MICR Codes of Maharashtra branches in mahad of District raigad in Maharashtra State by using the search box or you can browse through the table using the conrols at the bottom.

A total of 2 branches of Shamrao Vithal Co-Op Bank Ltd are available with micr code -

>>Chiplun Urban Coop Bank Ltd Mahad >>Wai Urban Coop Bk Ltd Mahad

How to find MICR codes for Shamrao Vithal Bank in mahad?

Shamrao Vithal Bank mahad MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Shamrao Bank MICR codes list for mahad, one can further search by branch name specified in the table. You can find MICR codes for all Shamrao Vithal Bank mahad branches.

Shamrao Bank MICR code in mahad

Shamrao Vithal Bank MICR code is a character recognition technology used by banks in the processing of cheques. Shamrao Bank MICR code for mahad branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for SVC Bank branches in mahad, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does SVC Bank MICR code for mahad branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Shamrao Vithal Bank mahad branch, sprinted 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. Thus MICR code for Shamrao Bank mahad branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of SVC Bank MICR codes for mahad branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

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