Shamrao Vithal Bank Ardhapur Nanded Maharashtra MICR CODE

Find MICR Codes for Shamrao Vithal Bank Ardhapur Nanded 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 Shankar Nagari Sahkari Bk Ardhapur
Contact 02462-272697
Bank Details Shamrao Vithal Co-Op Bank Ltd Shankar Nagari Sahkari Bk Ardhapur SVCB0023003
Location Ardhapur, Nanded
City Ardhapur
District Nanded
State Maharashtra
Pincode 431704
Country IN
Address Main road, ardhapur, tal: ardhapur; dist:nanded
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 431811501 for Shankar Nagari Sahkari Bk Ardhapur 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 431811501 of Shamrao Bank, Shankar Nagari Sahkari Bk Ardhapur branch makes the system almost error free and faster. Use of Shamrao Bank MICR codes for Shankar Nagari Sahkari Bk Ardhapur 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 -

>>Shankar Nagari Sahkari Bk Ardhapur

MICR code for Shamrao Vithal Bank Shankar Nagari Sahkari Bk Ardhapur

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 Shankar Nagari Sahkari Bk Ardhapur 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. 431811501 is the MICR code of SVC Bank for Shankar Nagari Sahkari Bk Ardhapur branch. MICR code for Shankar Nagari Sahkari Bk Ardhapur 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 Shankar Nagari Sahkari Bk Ardhapur is presented in the table alongside.

Use of Shamrao Bank MICR code for Shankar Nagari Sahkari Bk Ardhapur branch in ardhapur

The MICR code 431811501 is used in RBI cheque clearing process to identify the branch Shankar Nagari Sahkari Bk Ardhapur 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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