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 Nagpur 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. 440183251 is the MICR code of SVC Bank for Peoples Bk Hingoli Nagpur branch. MICR code for Peoples Bk Hingoli Nagpur 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 Nagpur is presented in the table alongside.
The MICR code 440183251 is used in RBI cheque clearing process to identify the branch Peoples Bk Hingoli Nagpur 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.