Shamrao Vithal Bank Maharashtra MICR CODE

Find MICR Codes for Shamrao Vithal Bank Maharashtra

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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.

How does MICR code 0 for Omprakash Deora Peoples Coop Bk Hingoliaundh 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 0 of Shamrao Bank, Omprakash Deora Peoples Coop Bk Hingoliaundh branch makes the system almost error free and faster. Use of Shamrao Bank MICR codes for Omprakash Deora Peoples Coop Bk Hingoliaundh 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 -

>>Omprakash Deora Peoples Coop Bk Hingoliaundh >>Omprakash Deora Peoples Coop Bk Hingolich.Sambhaji Nagar

MICR code for Shamrao Vithal Bank Omprakash Deora Peoples Coop Bk Hingoliaundh

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 Omprakash Deora Peoples Coop Bk Hingoliaundh 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. 0 is the MICR code of SVC Bank for Omprakash Deora Peoples Coop Bk Hingoliaundh branch. MICR code for Omprakash Deora Peoples Coop Bk Hingoliaundh 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 Omprakash Deora Peoples Coop Bk Hingoliaundh is presented in the table alongside.

Use of Shamrao Bank MICR code for Omprakash Deora Peoples Coop Bk Hingoliaundh branch in

The MICR code 0 is used in RBI cheque clearing process to identify the branch Omprakash Deora Peoples Coop Bk Hingoliaundh 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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