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Vasai Vikas Bank Papadi Thane Maharashtra MICR CODE

Find MICR Codes for Vasai Vikas Bank Papadi Thane Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	400803002
Bank	Vasai Vikas Sahakari Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Vasai
Contact	Mrs. Varsha Chaudhari
Bank Details	Vasai Vikas Sahakari Bank Ltd Vasai VVSB0000002

Location	Papadi, Thane
City	Papadi
District	Thane
State	Maharashtra
Pincode	401201
Country	IN
Address	Samaj mandir', opp. New english school, vasai (w), dist. Thane 401 201 tel : 0250 - 2322617, 2326984, 2326998

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 400803002 for Vasai 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 400803002 of Vasai Vikas Sahakari Bank, Vasai branch makes the system almost error free and faster. Use of Vasai Vikas Sahakari Bank MICR codes for Vasai 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 -

>>Vasai

MICR code for Vasai Vikas Bank Vasai

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 Vasai 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. 400803002 is the MICR code of Vasai Vikas Bank for Vasai branch. MICR code for Vasai 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 Vasai is presented in the table alongside.

Use of Vasai Vikas Sahakari Bank MICR code for Vasai branch in papadi

The MICR code 400803002 is used in RBI cheque clearing process to identify the branch Vasai 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.