Shamrao Vithal Bank Sailu Parbhani Maharashtra MICR CODE

Find MICR Codes for Shamrao Vithal Bank Sailu Parbhani 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 Selu
Contact (02451) 223147
Bank Details Shamrao Vithal Co-Op Bank Ltd Peoples Bk Hingoli Selu SVCB0009017
Location Sailu, Parbhani
City Sailu
District Parbhani
State Maharashtra
Pincode 431503
Country IN
Address Kranti chowk,near nitin talkies tal selu, dist parbhani, selu-431503
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.

Search Shamrao Vithal Bank MICR Codes in parbhani

You can search through MICR Codes of Maharashtra branches in sailu of District parbhani in Maharashtra State by using the search box or you can browse through the table using the conrols at the bottom.

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

>>Peoples Bk Hingoli Selu

How to find MICR codes for Shamrao Vithal Bank in sailu?

Shamrao Vithal Bank sailu MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Shamrao Bank MICR codes list for sailu, one can further search by branch name specified in the table. You can find MICR codes for all Shamrao Vithal Bank sailu branches.

Shamrao Bank MICR code in sailu

Shamrao Vithal Bank MICR code is a character recognition technology used by banks in the processing of cheques. Shamrao Bank MICR code for sailu branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for SVC Bank branches in sailu, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does SVC Bank MICR code for sailu branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Shamrao Vithal Bank sailu branch, sprinted 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. Thus MICR code for Shamrao Bank sailu branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of SVC Bank MICR codes for sailu branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

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