Shamrao Vithal Bank Mangalore Dakshina Kannada Karnataka MICR CODE

Find MICR Codes for Shamrao Vithal Bank Mangalore Dakshina Kannada Karnataka

↻ Reload
MICR Code
Bank Shamrao Vithal Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mangalore
Contact 0824 441263 / 0824 44158
Bank Details Shamrao Vithal Co-Op Bank Ltd Mangalore SVCB0000070
Location Mangalore, Dakshina Kannada
City Mangalore
District Dakshina Kannada
State Karnataka
Pincode 575001
Country IN
Address G-07, crsytal arc, balmatta road, mangalore
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 575089002 for Mangalore 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 575089002 of Shamrao Bank, Mangalore branch makes the system almost error free and faster. Use of Shamrao Bank MICR codes for Mangalore branch, makes the characters readable even if there are other marks and stamps on it.

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

>>Ganapathy High School Road Branch >>Mangalore

MICR code for Shamrao Vithal Bank Mangalore

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 Mangalore 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. 575089002 is the MICR code of SVC Bank for Mangalore branch. MICR code for Mangalore 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 Mangalore is presented in the table alongside.

Use of Shamrao Bank MICR code for Mangalore branch in mangalore

The MICR code 575089002 is used in RBI cheque clearing process to identify the branch Mangalore 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.

Copied!