MICR Code Bank
Find MICR code for Shamrao Vithal Bank Vikhroli branches in India for NEFT and RTGS transfer

Shamrao Vithal Bank Vikhroli MICR CODE

Find MICR Codes for Shamrao Vithal Bank Vikhroli

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  1. Shamrao Vithal Co-Op Bank Ltd »
  2. Maharashtra »
  3. mumbai »
  4. mumbai »
  5. vikhroli (west) branch

Find MICR Codes for Shamrao Vithal Bank Vikhroli

MICR Code: -NA-
Bank: Shamrao Vithal Co-Op Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Vikhroli (West) Branch
Contact: (022)25778022 \(022)25778322
Bank Details: Shamrao Vithal Co-Op Bank Ltd Vikhroli (West) Branch SVCB0000066
Location: Mumbai, Mumbai
City: Mumbai
District: Mumbai
State: Maharashtra
Pincode: 400083
Country: IN
Address: Shop nos. 1, 2 & 3,ground floor,kailash commercial complex,near everest factory, l. B. S. Marg,vikhroli (w),mumba-400 083.

How does MICR code for vikhroli 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 of Shamrao Bank, vikhroli branch makes the system almost error free and faster. Use of Shamrao Bank MICR codes for vikhroli branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Shamrao Vithal Bank vikhroli

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 vikhroli 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. is the MICR code of SVC Bank for vikhroli branch. MICR code for vikhroli 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 vikhroli is presented in the table alongside.

Use of Shamrao Bank MICR code for vikhroli branch in mumbai

The MICR code is used in RBI cheque clearing process to identify the branch vikhroli 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.