Shahu Bank Bhid Bid Maharashtra MICR CODE

Find MICR Codes for Shahu Bank Bhid Bid Maharashtra

MICR Code
Bank Shri Chhatrapati Rajarshi Shahu Urban Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Barshi Raod
Contact 02442-230154 , 9422240543 : Contact Person, Mr. Shitole B. R.
Bank Details Shri Chhatrapati Rajarshi Shahu Urban Co-Op Bank Ltd Barshi Raod CRUB0000028
Location Bhid, Bid
City Bhid
District Bid
State Maharashtra
Pincode 431122
Country IN
Address Bajirao nagar, barshi road, tq. Dist. Beed. Pin-431 122
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 431840306 for Barshi Raod 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 431840306 of Rajarshi Shahu Bank, Barshi Raod branch makes the system almost error free and faster. Use of Rajarshi Shahu Bank MICR codes for Barshi Raod branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Shri Chhatrapati Rajarshi Shahu Urban Co-Op Bank Ltd are available with micr code -

>>Barshi Raod

MICR code for Shahu Bank Barshi Raod

Shahu Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Rajarshi Shahu Bank MICR code for Barshi Raod 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. 431840306 is the MICR code of Chhatrapati Rajarshi Shahu Bank for Barshi Raod branch. MICR code for Barshi Raod 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 Rajarshi Shahu Bank Barshi Raod is presented in the table alongside.

Use of Rajarshi Shahu Bank MICR code for Barshi Raod branch in bhid

The MICR code 431840306 is used in RBI cheque clearing process to identify the branch Barshi Raod and Rajarshi Shahu 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 Chhatrapati Rajarshi Shahu Bank is typically in either of these two font’s: E-138 and CMC-7.

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