Samarth Bank Solapur Solapur Maharashtra MICR CODE

Find MICR Codes for Samarth Bank Solapur Solapur Maharashtra

MICR Code: -NA-
Bank: Samarth Sahakari Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Rtgsho
Contact: 0
Bank Details: Samarth Sahakari Bank Ltd Rtgsho SBLS0000001
Location: Solapur, Solapur
City: Solapur
District: Solapur
State: Maharashtra
Pincode: 413007
Country: IN
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 0 for Rtgsho 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 0 of Samarth Sahakari Bank, Rtgsho branch makes the system almost error free and faster. Use of Samarth Sahakari Bank MICR codes for Rtgsho branch, makes the characters readable even if there are other marks and stamps on it.

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


MICR code for Samarth Bank Rtgsho

Samarth Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Samarth Sahakari Bank MICR code for Rtgsho 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. 0 is the MICR code of Samarth Bank for Rtgsho branch. MICR code for Rtgsho 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 Samarth Sahakari Bank Rtgsho is presented in the table alongside.

Use of Samarth Sahakari Bank MICR code for Rtgsho branch in solapur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Rtgsho and Samarth 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 Samarth Bank is typically in either of these two font’s: E-138 and CMC-7.