MICR Code Bank
Find MICR code for Shahu Bank branches in India for NEFT and RTGS transfer

Shahu Bank MICR CODE

Find MICR Codes for Shahu Bank

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  1. Shri Chhatrapati Rajarshi Shahu Urban Co-Op Bank Ltd »
  2. Maharashtra »
  3. beed »
  4. beed »
  5. gramsevak colony beed

Find MICR Codes for Shahu Bank

MICR Code: 431840307
Bank: Shri Chhatrapati Rajarshi Shahu Urban Co-Op Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Gramsevak Colony Beed
Contact: 9422244331
Bank Details: Shri Chhatrapati Rajarshi Shahu Urban Co-Op Bank Ltd Gramsevak Colony Beed CRUB0000037
Location: Beed, Beed
City: Beed
District: Beed
State: Maharashtra
Pincode: 431122
Country: IN
Address: Plot no 16 gramsevak colony nagar road beed pin 431122

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

A total of 7 branches of Shri Chhatrapati Rajarshi Shahu Urban Co-Op Bank Ltd are available with micr code

>>Canal Road Beed >>Gramsevak Colony Beed >>Head Office >>Ho >>Main >>Market Yard >>Nagar Road

MICR code for Shahu Bank

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 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 Chhatrapati Rajarshi Shahu Bank 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 Rajarshi Shahu Bank is presented in the table alongside.

Use of Rajarshi Shahu Bank MICR code for branch in beed

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