Shamrao Vithal Bank Nagapur Ahmadnagar Maharashtra MICR CODE

Find MICR Codes for Shamrao Vithal Bank Nagapur Ahmadnagar 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 Ahmednagar Shahar S Bk M.I.D.C.
Contact 0241-2778280, 2417207, 9422726908
Bank Details Shamrao Vithal Co-Op Bank Ltd Ahmednagar Shahar S Bk M.I.D.C. SVCB0008007
Location Nagapur, Ahmadnagar
City Nagapur
District Ahmadnagar
State Maharashtra
Pincode 414027
Country IN
Address “arthkam”, the place shop no. 1 to 7, opp. Nagapur petrol pump, nagar-manmad road, nagapur, ahmednagar- 414027.
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 ahmadnagar

You can search through MICR Codes of Maharashtra branches in nagapur of District ahmadnagar 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 -

>>Ahmednagar Shahar S Bk M.I.D.C.

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

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

Shamrao Bank MICR code in nagapur

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