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Karad Urban Bank Karad Satara Maharashtra MICR CODE

Find MICR Codes for Karad Urban Bank Karad Satara Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	415488356
Bank	The Karad Urban Co-Op Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Malakapur
Contact	241448
Bank Details	The Karad Urban Co-Op Bank Ltd Malakapur KUCB0488011

Location	Karad, Satara
City	Karad
District	Satara
State	Maharashtra
Pincode	415110
Country	IN
Address	Plot no- 11, shinde building,p.b.road, malkapur -415 110

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 415488356 for Malakapur 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 415488356 of Karad Urban Co Op Bank, Malakapur branch makes the system almost error free and faster. Use of Karad Urban Co Op Bank MICR codes for Malakapur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 8 branches of The Karad Urban Co-Op Bank Ltd are available with micr code -

>>Guruwar Peth >>Head Office >>Malakapur >>Mangalwar Peth >>Rukhmininagar >>Sayam >>Talbhag >>Vidhyanagar

MICR code for Karad Urban Bank Malakapur

Karad Urban Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Karad Urban Co Op Bank MICR code for Malakapur 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. 415488356 is the MICR code of Karad Urban Co-Operative Bank for Malakapur branch. MICR code for Malakapur 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 Karad Urban Co Op Bank Malakapur is presented in the table alongside.

Use of Karad Urban Co Op Bank MICR code for Malakapur branch in karad

The MICR code 415488356 is used in RBI cheque clearing process to identify the branch Malakapur and Karad Urban Co Op 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 Karad Urban Co-Operative Bank is typically in either of these two font’s: E-138 and CMC-7.