Shamrao Vithal Bank Mulshi Pune Maharashtra MICR CODE

Find MICR Codes for Shamrao Vithal Bank Mulshi Pune 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 Vidya Bank Pirangut
Contact 020-20291265
Bank Details Shamrao Vithal Co-Op Bank Ltd Vidya Bank Pirangut SVCB0003007
Location Mulshi, Pune
City Mulshi
District Pune
State Maharashtra
Pincode 412108
Country IN
Address Gat no 78, mouje pirangut, tal mulashi, dist pune
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 pune

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

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

>>Vidya Bank Pirangut

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

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

Shamrao Bank MICR code in mulshi

Shamrao Vithal Bank MICR code is a character recognition technology used by banks in the processing of cheques. Shamrao Bank MICR code for mulshi 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 mulshi, 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 mulshi 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 mulshi 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 mulshi branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of SVC Bank MICR codes for mulshi 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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