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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 Main
Contact 9422240592 : Contact Person:Mr Thorat V.D.-Bm 2442224206
Bank Details Shri Chhatrapati Rajarshi Shahu Urban Co-Op Bank Ltd Main CRUB0000002
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 431840302 for Main 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 431840302 of Rajarshi Shahu Bank, Main branch makes the system almost error free and faster. Use of Rajarshi Shahu Bank MICR codes for Main 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 Main

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 Main 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. 431840302 is the MICR code of Chhatrapati Rajarshi Shahu Bank for Main branch. MICR code for Main 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 Main is presented in the table alongside.

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

The MICR code 431840302 is used in RBI cheque clearing process to identify the branch Main 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.