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Saraswat Bank Nashik Nashik Maharashtra MICR CODE

Find MICR Codes for Saraswat Bank Nashik Nashik Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	422088018
Bank	Saraswat 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	Musalgaon
Contact	02551-240752
Bank Details	Saraswat Co-Op Bank Ltd Musalgaon SRCB0000208

Location	Nashik, Nashik
City	Nashik
District	Nashik
State	Maharashtra
Pincode	422112
Country	IN
Address	Sinnar taluka co-op industrial estate, industrial complex, shop no 61 to 64, 1st floor, sinnar-shirdi road. Post musalgaon, tal- sinnar, city nashik

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 422088018 for Musalgaon 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 422088018 of Saraswat Cooperative Bank, Musalgaon branch makes the system almost error free and faster. Use of Saraswat Cooperative Bank MICR codes for Musalgaon branch, makes the characters readable even if there are other marks and stamps on it.

A total of 9 branches of Saraswat Co-Op Bank Ltd are available with micr code -

>>Dwarka >>Gole Colony >>Jail Road >>Mahatma Nagar >>Musalgaon >>Nasik >>Nasik Cidco >>Nasik Main Road >>Panchawati

MICR code for Saraswat Bank Musalgaon

Saraswat Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Saraswat Cooperative Bank MICR code for Musalgaon 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. 422088018 is the MICR code of Saraswat Co Op Bank for Musalgaon branch. MICR code for Musalgaon 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 Saraswat Cooperative Bank Musalgaon is presented in the table alongside.

Use of Saraswat Cooperative Bank MICR code for Musalgaon branch in nashik

The MICR code 422088018 is used in RBI cheque clearing process to identify the branch Musalgaon and Saraswat Cooperative 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 Saraswat Co Op Bank is typically in either of these two font’s: E-138 and CMC-7.