Satara Sahakari Bank Ltd Satara Karad Maharashtra MICR CODE

Find MICR Codes for Satara Sahakari Bank Ltd Satara Karad Maharashtra

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MICR Code	-NA-
Bank	Satara Sahakari Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Karad
Contact	0-2164223884
Bank Details	Satara Sahakari Bank Ltd Karad TSSB0000019

Location	Satara, Karad
City	Satara
District	Karad
State	Maharashtra
Pincode	415110
Country	IN
Address	Morya archade, ground floor, shop no 4/5/6, shaniwar peth, talbhag, karad, dist satara - 415110

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 Karad 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 The Satara Sahakari Bank Ltd, Karad branch makes the system almost error free and faster. Use of The Satara Sahakari Bank Ltd MICR codes for Karad branch, makes the characters readable even if there are other marks and stamps on it.

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

>>Karad

MICR code for Satara Sahakari Bank Ltd Karad

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

Use of The Satara Sahakari Bank Ltd MICR code for Karad branch in satara

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

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