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Satara Sahakari Bank Ltd Navi Mumbai Raigad Maharashtra MICR CODE

Find MICR Codes for Satara Sahakari Bank Ltd Navi Mumbai Raigad Maharashtra

Bank
State
District
City
Branch
Address

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	Panvel
Contact
Bank Details	Satara Sahakari Bank Ltd Panvel TSSB0000014

Location	Navi Mumbai, Raigad
City	Navi Mumbai
District	Raigad
State	Maharashtra
Pincode
Country	IN
Address	Kalpataru complex,1st floor,plot no.51,sector-9,khanda colony,navin panvel

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

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

>>Kharghar >>Panvel

MICR code for Satara Sahakari Bank Ltd Panvel

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 Panvel 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 Panvel branch. MICR code for Panvel 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 Panvel is presented in the table alongside.

Use of The Satara Sahakari Bank Ltd MICR code for Panvel branch in navi mumbai

The MICR code 0 is used in RBI cheque clearing process to identify the branch Panvel 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.