Shamrao Vithal Bank Deglur Nanded Maharashtra MICR CODE

Find MICR Codes for Shamrao Vithal Bank Deglur 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 Deglur
Contact (02463) 256741/256745
Bank Details Shamrao Vithal Co-Op Bank Ltd Peoples Bk Hingoli Deglur SVCB0009019
Location Deglur, Nanded
City Deglur
District Nanded
State Maharashtra
Pincode 431717
Country IN
Address New mondha,degloor-431717 tal degloor, dist nanded
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 431801452 for Peoples Bk Hingoli Deglur 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 431801452 of Shamrao Bank, Peoples Bk Hingoli Deglur branch makes the system almost error free and faster. Use of Shamrao Bank MICR codes for Peoples Bk Hingoli Deglur branch, makes the characters readable even if there are other marks and stamps on it.

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

>>Peoples Bk Hingoli Deglur

MICR code for Shamrao Vithal Bank Peoples Bk Hingoli Deglur

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 Peoples Bk Hingoli Deglur 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. 431801452 is the MICR code of SVC Bank for Peoples Bk Hingoli Deglur branch. MICR code for Peoples Bk Hingoli Deglur 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 Peoples Bk Hingoli Deglur is presented in the table alongside.

Use of Shamrao Bank MICR code for Peoples Bk Hingoli Deglur branch in deglur

The MICR code 431801452 is used in RBI cheque clearing process to identify the branch Peoples Bk Hingoli Deglur 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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