Shamrao Vithal Bank Mysore Mysore Karnataka MICR CODE

Find MICR Codes for Shamrao Vithal Bank Mysore Mysore 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 Mysore Merch. Coopbk Jaganmohan Rd
Contact 0821-2432938/2522759/2421077
Bank Details Shamrao Vithal Co-Op Bank Ltd Mysore Merch. Coopbk Jaganmohan Rd SVCB0027002
Location Mysore, Mysore
City Mysore
District Mysore
State Karnataka
Pincode 570024
Country IN
Address Jaganmohan palace road, mysore –   570 024
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 570565002 for Mysore Merch. Coopbk Jaganmohan Rd 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 570565002 of Shamrao Bank, Mysore Merch. Coopbk Jaganmohan Rd branch makes the system almost error free and faster. Use of Shamrao Bank MICR codes for Mysore Merch. Coopbk Jaganmohan Rd branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Shamrao Vithal Co-Op Bank Ltd are available with micr code -

>>Mysore Merch. Coopbk Bandipalya >>Mysore Merch. Coopbk Jaganmohan Rd >>Saraswathipuram Mysore

MICR code for Shamrao Vithal Bank Mysore Merch. Coopbk Jaganmohan Rd

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 Mysore Merch. Coopbk Jaganmohan Rd 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. 570565002 is the MICR code of SVC Bank for Mysore Merch. Coopbk Jaganmohan Rd branch. MICR code for Mysore Merch. Coopbk Jaganmohan Rd 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 Mysore Merch. Coopbk Jaganmohan Rd is presented in the table alongside.

Use of Shamrao Bank MICR code for Mysore Merch. Coopbk Jaganmohan Rd branch in mysore

The MICR code 570565002 is used in RBI cheque clearing process to identify the branch Mysore Merch. Coopbk Jaganmohan Rd 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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