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The Shamrao Vithal Cooperative Bank MICR Code, Arvind Sahakari Bank Ltd Saoner Branch Nagpur in Maharashtra

Get IFSC and MICR code of The Shamrao Vithal Cooperative Bank Arvind Sahakari Bank Ltd Saoner branch in Nagpur city or district, Maharashtra state along with address and contact phone numbers, scroll down.

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234451The Shamrao Vithal Cooperative Bank Arvind Sahakari Bank Ltd Saoner

MICR Code: 441823501

The Shamrao Vithal Cooperative Bank MICR Code, Arvind Sahakari Bank Ltd Saoner Branch Nagpur in Maharashtra

Bank NameThe Shamrao Vithal Cooperative Bank
IFSC Code SVCB0015004
(used for RTGS and NEFT transactions)
MICR Code 441823501
Branch Arvind Sahakari Bank Ltd Saoner
StateMaharashtra
DistrictNagpur
City SAONER
AddressHOUSE NO 42, AWADHUT WADI, CIVIL LINES, SAONER-441107
Branch Code 015004 (Last six characters of IFSC code represent Branch code.)
Contact 234451
Email Address[email protected]
Websitehttps://www.svcbank.com/
Customer No.Tel: 022-71991468, 022-71991475

Along with your account number, account name and account type (ie., savings or current) the following information about the branch is to be provided for fund transfer:

  • Bank Name : The Shamrao Vithal Cooperative Bank
  • Branch Name : Arvind Sahakari Bank Ltd Saoner
  • MICR Code : SVCB0015004
  • Location : Nagpur, Maharashtra

OR Choose other Branch From The Shamrao Vithal Cooperative Bank Nagpur Listed Below

The full form of MICR is Magnetic Ink Character Recognition technology. The primary need for this innovation is to authenticate the originality and legality of paper based documents in the banking system and is majorly used on cheques. In terms of their real-world importance, MICR stands on par with IFSC where transfer of funds using NEFT or IMPS is concerned..

MICR code imbibes the cutting-edge character recognition technology that is used by banks to authenticate the clearance of cheques and other such documents. MICR code itself can be seen placed on the bottom strip of the cheque and includes such details as the bank code, account details, cheque number and amount, alongside a control indicator. The principal advantage of this system is that unlike similar concepts like barcodes, MICR can be easily distinguished and read by humans.

What is the use of MICR code?

MICR is a technology that helps in verifying the originality of cheques or other paper documents. It is used mainly by banks to process cheques faster. The MICR code helps RBI in identifying the bank branch.

What is The Shamrao Vithal Cooperative Bank MICR Code?

Magnetic Ink Character Recognition (MICR) is a printing technology that is used to print alpha-numeric details. MICR Code is printed on cheques and they allow the cheque to be processed easily.

Arvind Sahakari Bank Ltd Saoner Branch Information

Indian Financial System Code, Magnetic Ink Character Recognition, SWIFT Code, Address and Contact number of The Shamrao Vithal Cooperative Bank - Arvind Sahakari Bank Ltd Saoner branch in Nagpur district which is in the state of Maharashtra . Branch office and ATM location.

What is The Shamrao Vithal Cooperative Bank Maharashtra Nagpur Arvind Sahakari Bank Ltd Saoner RTGS?

Real Time Gross Settlement (RTGS) is a fund transfer mechanism which is used to transfer money from one bank to another. This gross basis transfer happens in realtime, hence the name. Minimum amount that can be transferred through RTGS is Rs. 2,00,000. Fees to process RTGS will be applicable.

What is The Shamrao Vithal Cooperative Bank Maharashtra Arvind Sahakari Bank Ltd Saoner Nagpur NEFT?

National Electronic Fund Transfer (NEFT) is an online money transfer system which is supported by RBI. NEFT is used for medium and small amount transfer between accounts and banks. There is no minimum amount limit to send money via NEFT.