Shamrao Vithal Bank Bahadurwadi Sangli Maharashtra MICR CODE

Find MICR Codes for Shamrao Vithal Bank Bahadurwadi Sangli 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 Sarjerao D Naik Shir Bk Bahadurwadi
Contact 2342273455
Bank Details Shamrao Vithal Co-Op Bank Ltd Sarjerao D Naik Shir Bk Bahadurwadi SVCB0030011
Location Bahadurwadi, Sangli
City Bahadurwadi
District Sangli
State Maharashtra
Pincode 415411
Country IN
Address Near s.t. Stand, zilla parishad school, bahadurwadi
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 416869508 for Sarjerao D Naik Shir Bk Bahadurwadi 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 416869508 of Shamrao Bank, Sarjerao D Naik Shir Bk Bahadurwadi branch makes the system almost error free and faster. Use of Shamrao Bank MICR codes for Sarjerao D Naik Shir Bk Bahadurwadi branch, makes the characters readable even if there are other marks and stamps on it.

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

>>Sarjerao D Naik Shir Bk Bahadurwadi

MICR code for Shamrao Vithal Bank Sarjerao D Naik Shir Bk Bahadurwadi

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 Sarjerao D Naik Shir Bk Bahadurwadi 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. 416869508 is the MICR code of SVC Bank for Sarjerao D Naik Shir Bk Bahadurwadi branch. MICR code for Sarjerao D Naik Shir Bk Bahadurwadi 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 Sarjerao D Naik Shir Bk Bahadurwadi is presented in the table alongside.

Use of Shamrao Bank MICR code for Sarjerao D Naik Shir Bk Bahadurwadi branch in bahadurwadi

The MICR code 416869508 is used in RBI cheque clearing process to identify the branch Sarjerao D Naik Shir Bk Bahadurwadi 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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