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Vasai Vikas Bank Saphala Thane Maharashtra MICR CODE

Find MICR Codes for Vasai Vikas Bank Saphala Thane Maharashtra

MICR Code
Bank Vasai Vikas Sahakari Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Saphale
Contact Mr. Jitendra Patil
Bank Details Vasai Vikas Sahakari Bank Ltd Saphale VVSB0000006
Location Saphala, Thane
City Saphala
District Thane
State Maharashtra
Pincode 401203
Country IN
Address Shree apartment, near railway station, nallasopara (w), dist. Thane - 401 203, tel : 0250 - 2403582
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 400803006 for Saphale 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 400803006 of Vasai Vikas Sahakari Bank, Saphale branch makes the system almost error free and faster. Use of Vasai Vikas Sahakari Bank MICR codes for Saphale branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Vasai Vikas Sahakari Bank Ltd are available with micr code -

>>Saphale

MICR code for Vasai Vikas Bank Saphale

Vasai Vikas Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Vasai Vikas Sahakari Bank MICR code for Saphale 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. 400803006 is the MICR code of Vasai Vikas Bank for Saphale branch. MICR code for Saphale 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 Vasai Vikas Sahakari Bank Saphale is presented in the table alongside.

Use of Vasai Vikas Sahakari Bank MICR code for Saphale branch in saphala

The MICR code 400803006 is used in RBI cheque clearing process to identify the branch Saphale and Vasai Vikas Sahakari 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 Vasai Vikas Bank is typically in either of these two font’s: E-138 and CMC-7.