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Shahu Bank Manjlegaon Beed Maharashtra MICR CODE

Find MICR Codes for Shahu Bank Manjlegaon Beed Maharashtra

Bank
State
District
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Branch
Address

MICR Code	431840252
Bank	Shri Chhatrapati Rajarshi Shahu Urban Co-Op Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Majalgaon
Contact	8275080688 : Contact Person: Mr Nevade S.B.-Bm 2443234136
Bank Details	Shri Chhatrapati Rajarshi Shahu Urban Co-Op Bank Ltd Majalgaon CRUB0000005

Location	Manjlegaon, Beed
City	Manjlegaon
District	Beed
State	Maharashtra
Pincode	431131
Country	IN
Address	Court road, majalgaon, dist. Beed,state:maharashtra-431131

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.

Shri Chhatrapati Rajarshi Shahu Urban Co-Op Bank Ltd »
Maharashtra »
Beed »
Manjlegaon »
Majalgaon (431840252)

How does MICR code 431840252 for Majalgaon 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 431840252 of Rajarshi Shahu Bank, Majalgaon branch makes the system almost error free and faster. Use of Rajarshi Shahu Bank MICR codes for Majalgaon 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 -

>>Majalgaon

MICR code for Shahu Bank Majalgaon

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 Majalgaon 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. 431840252 is the MICR code of Chhatrapati Rajarshi Shahu Bank for Majalgaon branch. MICR code for Majalgaon 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 Majalgaon is presented in the table alongside.

Use of Rajarshi Shahu Bank MICR code for Majalgaon branch in manjlegaon

The MICR code 431840252 is used in RBI cheque clearing process to identify the branch Majalgaon 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.