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Shamrao Vithal Bank Pune Pune Maharashtra MICR CODE

Find MICR Codes for Shamrao Vithal Bank Pune Pune 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 Pune Urban Bank Vishrantwadi Branch
Contact 8669919318
Bank Details Shamrao Vithal Co-Op Bank Ltd Pune Urban Bank Vishrantwadi Branch SVCB0005021
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 411015
Country IN
Address Sr. No. 287, urban homes building, shop no. 16 and 17, vishrantwadi- lohgaon road, lohgaon, pune- 411015
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 411307021 for Pune Urban Bank Vishrantwadi Branch 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 411307021 of Shamrao Bank, Pune Urban Bank Vishrantwadi Branch branch makes the system almost error free and faster. Use of Shamrao Bank MICR codes for Pune Urban Bank Vishrantwadi Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 84 branches of Shamrao Vithal Co-Op Bank Ltd are available with micr code -

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MICR code for Shamrao Vithal Bank Pune Urban Bank Vishrantwadi Branch

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 Pune Urban Bank Vishrantwadi Branch 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. 411307021 is the MICR code of SVC Bank for Pune Urban Bank Vishrantwadi Branch branch. MICR code for Pune Urban Bank Vishrantwadi Branch 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 Pune Urban Bank Vishrantwadi Branch is presented in the table alongside.

Use of Shamrao Bank MICR code for Pune Urban Bank Vishrantwadi Branch branch in pune

The MICR code 411307021 is used in RBI cheque clearing process to identify the branch Pune Urban Bank Vishrantwadi Branch 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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