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Sant Sopankaka Sahakari Bank Ltd Pune Pune Maharashtra MICR CODE

Find MICR Codes for Sant Sopankaka Sahakari Bank Ltd Pune Pune Maharashtra

MICR Code:
Bank: Sant Sopankaka Sahakari Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Saswad
Contact:
Bank Details: Sant Sopankaka Sahakari Bank Ltd Saswad SANT0000002
Location: Pune, Pune
City: Pune
District: Pune
State: Maharashtra
Pincode:
Country: IN
Address: Chh.shivaji shopping center,1st floor,a/p - saswad,tal purandar,district pune,pin code 412 301
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 Saswad 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 Sant Sopankaka Sahakari Bank Limited, Saswad branch makes the system almost error free and faster. Use of Sant Sopankaka Sahakari Bank Limited MICR codes for Saswad branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Sant Sopankaka Sahakari Bank Ltd are available with micr code -

>>Rtgsho >>Saswad

MICR code for Sant Sopankaka Sahakari Bank Ltd Saswad

Sant Sopankaka Sahakari Bank Ltd MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Sant Sopankaka Sahakari Bank Limited MICR code for Saswad 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 Sant Sopankaka Sahakari Bank Ltd for Saswad branch. MICR code for Saswad 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 Sant Sopankaka Sahakari Bank Limited Saswad is presented in the table alongside.

Use of Sant Sopankaka Sahakari Bank Limited MICR code for Saswad branch in pune

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