Shivalik Mercentile Bank Noida Gautam Budh Nagar Uttar Pradesh MICR CODE

Find MICR Codes for Shivalik Mercentile Bank Noida Gautam Budh Nagar Uttar Pradesh

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MICR Code	-NA-
Bank	Shivalik Mercentile Coop Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Noida Sector Twenty Seven
Contact	2555333
Bank Details	Shivalik Mercentile Coop Bank Ltd Noida Sector Twenty Seven SMCB0001007

Location	Noida, Gautam Budh Nagar
City	Noida
District	Gautam Budh Nagar
State	Uttar Pradesh
Pincode	201301
Country	IN
Address	Bhoja market,near vinayak hospital,sector 27,noida 201301 up

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 0 for Noida Sector Twenty Seven 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 0 of Shivalik Mercentile Coop Bank, Noida Sector Twenty Seven branch makes the system almost error free and faster. Use of Shivalik Mercentile Coop Bank MICR codes for Noida Sector Twenty Seven branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Shivalik Mercentile Coop Bank Ltd are available with micr code -

>>Noida Sector Forty Five >>Noida Sector One Thityfive >>Noida Sector Twenty Seven

MICR code for Shivalik Mercentile Bank Noida Sector Twenty Seven

Shivalik Mercentile Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Shivalik Mercentile Coop Bank MICR code for Noida Sector Twenty Seven 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. 0 is the MICR code of Shivalik Mercentile Bank for Noida Sector Twenty Seven branch. MICR code for Noida Sector Twenty Seven 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 Shivalik Mercentile Coop Bank Noida Sector Twenty Seven is presented in the table alongside.

Use of Shivalik Mercentile Coop Bank MICR code for Noida Sector Twenty Seven branch in noida

The MICR code 0 is used in RBI cheque clearing process to identify the branch Noida Sector Twenty Seven and Shivalik Mercentile Coop 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 Shivalik Mercentile Bank is typically in either of these two font’s: E-138 and CMC-7.

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