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Shahu Bank Beed Beed Maharashtra MICR CODE

Find MICR Codes for Shahu Bank Beed Beed 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 Ho
Contact 9422240542 : Contact Person:Mr Chandanshiv B.N.-Ceo 2442222154,2442226064
Bank Details Shri Chhatrapati Rajarshi Shahu Urban Co-Op Bank Ltd Ho CRUB0000001
Location Beed, Beed
City Beed
District Beed
State Maharashtra
Pincode 431122
Country IN
Address Janadhar bhavan, jalna road, beed, dist. Beed.state:maharashtra-431122
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 Ho 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 Rajarshi Shahu Bank, Ho branch makes the system almost error free and faster. Use of Rajarshi Shahu Bank MICR codes for Ho 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 Ho

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 Ho 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 Chhatrapati Rajarshi Shahu Bank for Ho branch. MICR code for Ho 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 Ho is presented in the table alongside.

Use of Rajarshi Shahu Bank MICR code for Ho branch in beed

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