Saraswat Bank Kolhapur Kolhapur Maharashtra MICR CODE

Find MICR Codes for Saraswat Bank Kolhapur Kolhapur Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	416088002
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	Rajarampuri
Contact	0231-2521550
Bank Details	Saraswat Co-Op Bank Ltd Rajarampuri SRCB0000073

Location	Kolhapur, Kolhapur
City	Kolhapur
District	Kolhapur
State	Maharashtra
Pincode	416008
Country	IN
Address	C.t.s. No. 1716, e - ward, rajarampuri, 7th lane, kolhapur - 416 008.

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 416088002 for Rajarampuri 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 416088002 of Saraswat Cooperative Bank, Rajarampuri branch makes the system almost error free and faster. Use of Saraswat Cooperative Bank MICR codes for Rajarampuri branch, makes the characters readable even if there are other marks and stamps on it.

A total of 10 branches of Saraswat Co-Op Bank Ltd are available with micr code -

>>Kasba Bawada Kolhapur >>Mahapalika Kolhapur >>Mangalwar Peth Kolhapur >>New Shahupuri Kolhapur >>Rajarampuri >>Rankala Tower Kolhapur >>Shukrawar Peth Kolhapur >>Sundarlal Sawji Urban Co Op. Bank Ltd >>Sundarlal Sawji Urban Co Op. Bank Ltd >>Zone Xii Kolhapur

MICR code for Saraswat Bank Rajarampuri

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 Rajarampuri 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. 416088002 is the MICR code of Saraswat Co Op Bank for Rajarampuri branch. MICR code for Rajarampuri 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 Rajarampuri is presented in the table alongside.

Use of Saraswat Cooperative Bank MICR code for Rajarampuri branch in kolhapur

The MICR code 416088002 is used in RBI cheque clearing process to identify the branch Rajarampuri 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.

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