Shamrao Vithal Bank Chikodi Belagavi Karnataka MICR CODE

Find MICR Codes for Shamrao Vithal Bank Chikodi Belagavi Karnataka

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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 Shree Mahalaxmi Coop Crd Bk Chikkodi
Contact 9611350555
Bank Details Shamrao Vithal Co-Op Bank Ltd Shree Mahalaxmi Coop Crd Bk Chikkodi SVCB0012007
Location Chikodi, Belagavi
City Chikodi
District Belagavi
State Karnataka
Pincode 591201
Country IN
Address Cts no. 3760, 3761 & 3763/ 1, tmc no. 4807/ 2547 & 4808/ 2547/ a k c road, prabhuwadi road, chikkodi 591201
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 591851202 for Shree Mahalaxmi Coop Crd Bk Chikkodi 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 591851202 of Shamrao Bank, Shree Mahalaxmi Coop Crd Bk Chikkodi branch makes the system almost error free and faster. Use of Shamrao Bank MICR codes for Shree Mahalaxmi Coop Crd Bk Chikkodi 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 -

>>Shree Mahalaxmi Coop Crd Bk Chikkodi

MICR code for Shamrao Vithal Bank Shree Mahalaxmi Coop Crd Bk Chikkodi

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 Shree Mahalaxmi Coop Crd Bk Chikkodi 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. 591851202 is the MICR code of SVC Bank for Shree Mahalaxmi Coop Crd Bk Chikkodi branch. MICR code for Shree Mahalaxmi Coop Crd Bk Chikkodi 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 Shree Mahalaxmi Coop Crd Bk Chikkodi is presented in the table alongside.

Use of Shamrao Bank MICR code for Shree Mahalaxmi Coop Crd Bk Chikkodi branch in chikodi

The MICR code 591851202 is used in RBI cheque clearing process to identify the branch Shree Mahalaxmi Coop Crd Bk Chikkodi 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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