Shamrao Vithal Bank Hubli Dharwad Karnataka MICR CODE

Find MICR Codes for Shamrao Vithal Bank Hubli Dharwad 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 The Hubli Urban Coop Bank Keshwapur
Contact 8362228239
Bank Details Shamrao Vithal Co-Op Bank Ltd The Hubli Urban Coop Bank Keshwapur SVCB0033005
Location Hubli, Dharwad
City Hubli
District Dharwad
State Karnataka
Pincode 580023
Country IN
Address Deshpande building, beside petrol bunk, bengeri paraswadi road
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 580211254 for The Hubli Urban Coop Bank Keshwapur 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 580211254 of Shamrao Bank, The Hubli Urban Coop Bank Keshwapur branch makes the system almost error free and faster. Use of Shamrao Bank MICR codes for The Hubli Urban Coop Bank Keshwapur branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Shamrao Vithal Bank The Hubli Urban Coop Bank Keshwapur

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 The Hubli Urban Coop Bank Keshwapur 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. 580211254 is the MICR code of SVC Bank for The Hubli Urban Coop Bank Keshwapur branch. MICR code for The Hubli Urban Coop Bank Keshwapur 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 The Hubli Urban Coop Bank Keshwapur is presented in the table alongside.

Use of Shamrao Bank MICR code for The Hubli Urban Coop Bank Keshwapur branch in hubli

The MICR code 580211254 is used in RBI cheque clearing process to identify the branch The Hubli Urban Coop Bank Keshwapur 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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