Sindhudurga Bank Sindhudurg Vetore Maharashtra MICR CODE

Find MICR Codes for Sindhudurga Bank Sindhudurg Vetore Maharashtra

MICR Code
Bank The Sindhudurga District Central COOP Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Vetore
Contact 266207
Bank Details The Sindhudurga District Central COOP Bank Ltd Vetore SIDC0001037
Location Sindhudurg, Vetore
City Sindhudurg
District Vetore
State Maharashtra
Pincode 416516
Country IN
Address At and post vetore tal vengurla
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 416801567 for Vetore 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 416801567 of Sindhudurga COOP Bank, Vetore branch makes the system almost error free and faster. Use of Sindhudurga COOP Bank MICR codes for Vetore branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of The Sindhudurga District Central COOP Bank Ltd are available with micr code -

>>Vetore

MICR code for Sindhudurga Bank Vetore

Sindhudurga Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Sindhudurga COOP Bank MICR code for Vetore 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. 416801567 is the MICR code of Sindhudurga Central COOP Bank for Vetore branch. MICR code for Vetore 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 Sindhudurga COOP Bank Vetore is presented in the table alongside.

Use of Sindhudurga COOP Bank MICR code for Vetore branch in sindhudurg

The MICR code 416801567 is used in RBI cheque clearing process to identify the branch Vetore and Sindhudurga COOP 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 Sindhudurga Central COOP Bank is typically in either of these two font’s: E-138 and CMC-7.

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