Rajgurunagar Bank mhalunge ingale MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Rajgurunagar Sahkari Bank MICR codes list for mhalunge ingale, one can further search by branch name specified in the table. You can find MICR codes for all Rajgurunagar Bank mhalunge ingale branches.
Rajgurunagar Bank MICR code is a character recognition technology used by banks in the processing of cheques. Rajgurunagar Sahkari Bank MICR code for mhalunge ingale branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Rajgurunagar Bank branches in mhalunge ingale, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.
In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Rajgurunagar Bank mhalunge ingale branch, sprinted 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. Thus MICR code for Rajgurunagar Sahkari Bank mhalunge ingale branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Rajgurunagar Bank MICR codes for mhalunge ingale branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!