Shamrao Vithal Bank Shirdi Ahmadnagar Maharashtra MICR CODE

Find MICR Codes for Shamrao Vithal Bank Shirdi Ahmadnagar 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 The Kopargaon Peoples Coop Bank Ltd Shirdi
Contact 255482
Bank Details Shamrao Vithal Co-Op Bank Ltd The Kopargaon Peoples Coop Bank Ltd Shirdi SVCB0035003
Location Shirdi, Ahmadnagar
City Shirdi
District Ahmadnagar
State Maharashtra
Pincode 423109
Country IN
Address Sutar galli, shirdi
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 423802301 for The Kopargaon Peoples Coop Bank Ltd Shirdi 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 423802301 of Shamrao Bank, The Kopargaon Peoples Coop Bank Ltd Shirdi branch makes the system almost error free and faster. Use of Shamrao Bank MICR codes for The Kopargaon Peoples Coop Bank Ltd Shirdi 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 -

>>The Kopargaon Peoples Coop Bank Ltd Shirdi

MICR code for Shamrao Vithal Bank The Kopargaon Peoples Coop Bank Ltd Shirdi

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 Kopargaon Peoples Coop Bank Ltd Shirdi 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. 423802301 is the MICR code of SVC Bank for The Kopargaon Peoples Coop Bank Ltd Shirdi branch. MICR code for The Kopargaon Peoples Coop Bank Ltd Shirdi 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 Kopargaon Peoples Coop Bank Ltd Shirdi is presented in the table alongside.

Use of Shamrao Bank MICR code for The Kopargaon Peoples Coop Bank Ltd Shirdi branch in shirdi

The MICR code 423802301 is used in RBI cheque clearing process to identify the branch The Kopargaon Peoples Coop Bank Ltd Shirdi 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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