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Shamrao Vithal Bank Pune Pune Maharashtra MICR CODE

Find MICR Codes for Shamrao Vithal Bank Pune 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 Vidya Bank Senapati Bapat Road
Contact 020-25656311/25673968
Bank Details Shamrao Vithal Co-Op Bank Ltd Vidya Bank Senapati Bapat Road SVCB0003004
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 411016
Country IN
Address S no 968, plot no 1, senapati bapat road, pune - 411 016
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 411171004 for Vidya Bank Senapati Bapat Road 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 411171004 of Shamrao Bank, Vidya Bank Senapati Bapat Road branch makes the system almost error free and faster. Use of Shamrao Bank MICR codes for Vidya Bank Senapati Bapat Road branch, makes the characters readable even if there are other marks and stamps on it.

A total of 84 branches of Shamrao Vithal Co-Op Bank Ltd are available with micr code -

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MICR code for Shamrao Vithal Bank Vidya Bank Senapati Bapat Road

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 Vidya Bank Senapati Bapat Road 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. 411171004 is the MICR code of SVC Bank for Vidya Bank Senapati Bapat Road branch. MICR code for Vidya Bank Senapati Bapat Road 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 Vidya Bank Senapati Bapat Road is presented in the table alongside.

Use of Shamrao Bank MICR code for Vidya Bank Senapati Bapat Road branch in pune

The MICR code 411171004 is used in RBI cheque clearing process to identify the branch Vidya Bank Senapati Bapat Road 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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