Shamrao Vithal Bank Shirala Sangli Maharashtra MICR CODE

Find MICR Codes for Shamrao Vithal Bank Shirala 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 Shirala Bk Shirala
Contact 2345272194
Bank Details Shamrao Vithal Co-Op Bank Ltd Sarjerao D Naik Shirala Bk Shirala SVCB0030002
Location Shirala, Sangli
City Shirala
District Sangli
State Maharashtra
Pincode 415408
Country IN
Address Somwar peth, jadhav building, shirala
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 416869502 for Sarjerao D Naik Shirala Bk Shirala 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 416869502 of Shamrao Bank, Sarjerao D Naik Shirala Bk Shirala branch makes the system almost error free and faster. Use of Shamrao Bank MICR codes for Sarjerao D Naik Shirala Bk Shirala 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 Shirala Bk Shirala

MICR code for Shamrao Vithal Bank Sarjerao D Naik Shirala Bk Shirala

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 Shirala Bk Shirala 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. 416869502 is the MICR code of SVC Bank for Sarjerao D Naik Shirala Bk Shirala branch. MICR code for Sarjerao D Naik Shirala Bk Shirala 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 Shirala Bk Shirala is presented in the table alongside.

Use of Shamrao Bank MICR code for Sarjerao D Naik Shirala Bk Shirala branch in shirala

The MICR code 416869502 is used in RBI cheque clearing process to identify the branch Sarjerao D Naik Shirala Bk Shirala 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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