Shamrao Vithal Bank Dombivli Thane Maharashtra MICR CODE

Find MICR Codes for Shamrao Vithal Bank Dombivli Thane 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 Rajaji Path Dombivali
Contact 6520777
Bank Details Shamrao Vithal Co-Op Bank Ltd Rajaji Path Dombivali SVCB0000182
Location Dombivli, Thane
City Dombivli
District Thane
State Maharashtra
Pincode 421201
Country IN
Address Sita niwas, plot no 2, cts no 8707 to 8711, tikka no 38, rajaji road, ramnagar, village ayare, taluka kalyan, district thane, dombivali east- 421201
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 400089091 for Rajaji Path Dombivali 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 400089091 of Shamrao Bank, Rajaji Path Dombivali branch makes the system almost error free and faster. Use of Shamrao Bank MICR codes for Rajaji Path Dombivali branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Shamrao Vithal Co-Op Bank Ltd are available with micr code -

>>Abhinav Sahkari Bk Nandivli >>Phadke Road >>Rajaji Path Dombivali >>Sahyadri Sahakari Bank Dombivli

MICR code for Shamrao Vithal Bank Rajaji Path Dombivali

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 Rajaji Path Dombivali 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. 400089091 is the MICR code of SVC Bank for Rajaji Path Dombivali branch. MICR code for Rajaji Path Dombivali 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 Rajaji Path Dombivali is presented in the table alongside.

Use of Shamrao Bank MICR code for Rajaji Path Dombivali branch in dombivli

The MICR code 400089091 is used in RBI cheque clearing process to identify the branch Rajaji Path Dombivali 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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