MICR Code Bank
Find MICR code for Satara Sahakari Bank Ltd branches in India for NEFT and RTGS transfer

Satara Sahakari Bank Ltd MICR CODE

Find MICR Codes for Satara Sahakari Bank Ltd

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  1. Satara Sahakari Bank Ltd »
  2. Maharashtra »
  3. raigad »
  4. navi mumbai »
  5. panvel

Find MICR Codes for Satara Sahakari Bank Ltd

MICR Code: -NA-
Bank: Satara Sahakari Bank Ltd
Business Hours:
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

How does MICR code for 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 of The Satara Sahakari Bank Ltd, branch makes the system almost error free and faster. Use of The Satara Sahakari Bank Ltd MICR codes for 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

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 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. is the MICR code of Satara Sahakari Bank Ltd for branch. MICR code for 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 is presented in the table alongside.

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

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