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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	422088007
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	Nasik Cidco
Contact	0253-2390432
Bank Details	Saraswat Co-Op Bank Ltd Nasik Cidco SRCB0000206

Location	Nashik, Nashik
City	Nashik
District	Nashik
State	Maharashtra
Pincode	422009
Country	IN
Address	Plot no. F1/2, margshirsha sector, behind cidco office, nashik - 9

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 422088007 for Nasik Cidco 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 422088007 of Saraswat Cooperative Bank, Nasik Cidco branch makes the system almost error free and faster. Use of Saraswat Cooperative Bank MICR codes for Nasik Cidco 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 Nasik Cidco

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 Nasik Cidco 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. 422088007 is the MICR code of Saraswat Co Op Bank for Nasik Cidco branch. MICR code for Nasik Cidco 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 Nasik Cidco is presented in the table alongside.

Use of Saraswat Cooperative Bank MICR code for Nasik Cidco branch in nashik

The MICR code 422088007 is used in RBI cheque clearing process to identify the branch Nasik Cidco 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.