Shamrao Vithal Bank Nagpur Umrer Maharashtra MICR CODE

Find MICR Codes for Shamrao Vithal Bank Nagpur Umrer 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 Krishna Co Op Bank Ltd Umrer
Contact 8600002118
Bank Details Shamrao Vithal Co-Op Bank Ltd Shri Krishna Co Op Bank Ltd Umrer SVCB0037002
Location Nagpur, Umrer
City Nagpur
District Umrer
State Maharashtra
Pincode 441203
Country IN
Address Nehru vyayam mandal bldg, main road, itwari, umrer- 441203
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 440827501 for Shri Krishna Co Op Bank Ltd Umrer 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 440827501 of Shamrao Bank, Shri Krishna Co Op Bank Ltd Umrer branch makes the system almost error free and faster. Use of Shamrao Bank MICR codes for Shri Krishna Co Op Bank Ltd Umrer 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 Krishna Co Op Bank Ltd Umrer

MICR code for Shamrao Vithal Bank Shri Krishna Co Op Bank Ltd Umrer

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 Krishna Co Op Bank Ltd Umrer 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. 440827501 is the MICR code of SVC Bank for Shri Krishna Co Op Bank Ltd Umrer branch. MICR code for Shri Krishna Co Op Bank Ltd Umrer 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 Krishna Co Op Bank Ltd Umrer is presented in the table alongside.

Use of Shamrao Bank MICR code for Shri Krishna Co Op Bank Ltd Umrer branch in nagpur

The MICR code 440827501 is used in RBI cheque clearing process to identify the branch Shri Krishna Co Op Bank Ltd Umrer 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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