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The Malkapur Urban Co Operative Bank Ltd Shegaon Buldana Maharashtra MICR CODE

Find MICR Codes for The Malkapur Urban Co Operative Bank Ltd Shegaon Buldana Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	-NA-
Bank	The Malkapur Urban Co Operative Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Shegaon
Contact
Bank Details	The Malkapur Urban Co Operative Bank Ltd Shegaon MKPB0000124

Location	Shegaon, Buldana
City	Shegaon
District	Buldana
State	Maharashtra
Pincode	444203
Country	IN
Address	Shree gajanan tower,veer bhagatsingh chowk,shegaon -444203

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.

The Malkapur Urban Co Operative Bank Ltd »
Maharashtra »
Buldana »
Shegaon »
Shegaon (0)

How does MICR code 0 for Shegaon 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 The Malkapur Urban Co-Op Bank Ltd , Shegaon branch makes the system almost error free and faster. Use of The Malkapur Urban Co-Op Bank Ltd MICR codes for Shegaon branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of The Malkapur Urban Co Operative Bank Ltd are available with micr code -

>>Shegaon

MICR code for The Malkapur Urban Co Operative Bank Ltd Shegaon

The Malkapur Urban Co Operative Bank Ltd MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. The Malkapur Urban Co-Op Bank Ltd MICR code for Shegaon 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 The Malkapur Urban Co Operative Bank Ltd for Shegaon branch. MICR code for Shegaon 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 The Malkapur Urban Co-Op Bank Ltd Shegaon is presented in the table alongside.

Use of The Malkapur Urban Co-Op Bank Ltd MICR code for Shegaon branch in shegaon

The MICR code 0 is used in RBI cheque clearing process to identify the branch Shegaon and The Malkapur Urban Co-Op Bank Ltd 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 The Malkapur Urban Co Operative Bank Ltd is typically in either of these two font’s: E-138 and CMC-7.