Shamrao Vithal Bank Greater Bombay Mumbai Maharashtra MICR CODE

Find MICR Codes for Shamrao Vithal Bank Greater Bombay Mumbai 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 Service Branch
Contact 22-71991201
Bank Details Shamrao Vithal Co-Op Bank Ltd Service Branch SVCB0000014
Location Greater Bombay, Mumbai
City Greater Bombay
District Mumbai
State Maharashtra
Pincode 400055
Country IN
Address S v c tower, nehru road, santacruz mumbai 400055
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 0 for Service Branch 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 0 of Shamrao Bank, Service Branch branch makes the system almost error free and faster. Use of Shamrao Bank MICR codes for Service Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of Shamrao Vithal Co-Op Bank Ltd are available with micr code -

>>Bharati Sahakari Bank Worli >>Hanuman Road Vile Parle East >>Hindustan Coop Bk Bhoiwada Parel >>Jawahar Nagar Goregaon >>Service Branch

MICR code for Shamrao Vithal Bank Service Branch

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 Service Branch 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. 0 is the MICR code of SVC Bank for Service Branch branch. MICR code for Service Branch 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 Service Branch is presented in the table alongside.

Use of Shamrao Bank MICR code for Service Branch branch in greater bombay

The MICR code 0 is used in RBI cheque clearing process to identify the branch Service Branch 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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