Shamrao Vithal Bank Sangavi Pune Maharashtra MICR CODE

Find MICR Codes for Shamrao Vithal Bank Sangavi Pune 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 Shri Ganesh Sahakari Bk Sangavi
Contact 020-27286314
Bank Details Shamrao Vithal Co-Op Bank Ltd Shri Ganesh Sahakari Bk Sangavi SVCB0019002
Location Sangavi, Pune
City Sangavi
District Pune
State Maharashtra
Pincode 411061
Country IN
Address Sr no 53/1b 2 & 14, pimple gurav, new sangavi, pune 411061
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 411164287 for Shri Ganesh Sahakari Bk Sangavi 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 411164287 of Shamrao Bank, Shri Ganesh Sahakari Bk Sangavi branch makes the system almost error free and faster. Use of Shamrao Bank MICR codes for Shri Ganesh Sahakari Bk Sangavi 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 -

>>Shri Ganesh Sahakari Bk Sangavi

MICR code for Shamrao Vithal Bank Shri Ganesh Sahakari Bk Sangavi

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 Shri Ganesh Sahakari Bk Sangavi 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. 411164287 is the MICR code of SVC Bank for Shri Ganesh Sahakari Bk Sangavi branch. MICR code for Shri Ganesh Sahakari Bk Sangavi 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 Shri Ganesh Sahakari Bk Sangavi is presented in the table alongside.

Use of Shamrao Bank MICR code for Shri Ganesh Sahakari Bk Sangavi branch in sangavi

The MICR code 411164287 is used in RBI cheque clearing process to identify the branch Shri Ganesh Sahakari Bk Sangavi 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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