Shamrao Vithal Bank Nanded Nanded Maharashtra MICR CODE

Find MICR Codes for Shamrao Vithal Bank Nanded Nanded 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 Peoples Bk Hingoli Nanded
Contact (02462) 236069,233780
Bank Details Shamrao Vithal Co-Op Bank Ltd Peoples Bk Hingoli Nanded SVCB0009011
Location Nanded, Nanded
City Nanded
District Nanded
State Maharashtra
Pincode 431602
Country IN
Address Jetewad complex, vip road, new mondha - nanded
MICR Code
Bank Shamrao Vithal Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Shankar Nagari Sahkari Bk Nanded
Contact 02466-285566
Bank Details Shamrao Vithal Co-Op Bank Ltd Shankar Nagari Sahkari Bk Nanded SVCB0023002
Location Nanded, Nanded
City Nanded
District Nanded
State Maharashtra
Pincode 431602
Country IN
Address Pokarn complex, new mondha, nanded
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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 nanded

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

A total of 4 branches of Shamrao Vithal Co-Op Bank Ltd are available with micr code -

>>Peoples Bk Hingoli Nanded >>Shankar Nagari Sahkari Bk Kabra Nagar Nanded >>Shankar Nagari Sahkari Bk Mudkhed >>Shankar Nagari Sahkari Bk Nanded

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

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

Shamrao Bank MICR code in nanded

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