Shamrao Vithal Bank Banglore Bangalore Urban Karnataka MICR CODE

Find MICR Codes for Shamrao Vithal Bank Banglore Bangalore Urban Karnataka

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MICR Code	560089016
Bank	Shamrao Vithal Co-Op Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	R.T.Nagar
Contact	(080)23639789
Bank Details	Shamrao Vithal Co-Op Bank Ltd R.T.Nagar SVCB0000157

Location	Banglore, Bangalore Urban
City	Banglore
District	Bangalore Urban
State	Karnataka
Pincode	560032
Country	IN
Address	18/3(old no. 19,20), near gandhi nagar bus stand r.t.nagar post banglore 560032

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 560089016 for R.T.Nagar 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 560089016 of Shamrao Bank, R.T.Nagar branch makes the system almost error free and faster. Use of Shamrao Bank MICR codes for R.T.Nagar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 16 branches of Shamrao Vithal Co-Op Bank Ltd are available with micr code -

>>Banashankari >>Basaveshwara Nagar >>Chamrajpet >>Hanumanth Nagar >>Hessarghatta Road Branch >>Indira Nagar >>Jaya Nagar >>Koramangala >>Malleshwaram >>Mysore Road >>Nagarabhavi >>Peenya >>R.T.Nagar >>Rajaji Nagar >>Vijay Nagar Extn Counter >>Yeshwanthpur

MICR code for Shamrao Vithal Bank R.T.Nagar

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 R.T.Nagar 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. 560089016 is the MICR code of SVC Bank for R.T.Nagar branch. MICR code for R.T.Nagar 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 R.T.Nagar is presented in the table alongside.

Use of Shamrao Bank MICR code for R.T.Nagar branch in banglore

The MICR code 560089016 is used in RBI cheque clearing process to identify the branch R.T.Nagar 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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