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The Satara District Central Co-Operative Bank Ltd Satara Satara Maharashtra MICR CODE

Find MICR Codes for The Satara District Central Co-Operative Bank Ltd Satara Satara Maharashtra

MICR Code
Bank The Satara District Central Co-operative Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Shivaji Circle Satara
Contact 415001-2162236023
Bank Details The Satara District Central Co-operative Bank Ltd Shivaji Circle Satara SDCE0001001
Location Satara, Satara
City Satara
District Satara
State Maharashtra
Pincode
Country IN
Address Tal-satara,dist-satara
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 Shivaji Circle Satara 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 Satara District Central Co-Operative Bank Ltd, Shivaji Circle Satara branch makes the system almost error free and faster. Use of The Satara District Central Co-Operative Bank Ltd MICR codes for Shivaji Circle Satara branch, makes the characters readable even if there are other marks and stamps on it.

A total of 6 branches of The Satara District Central Co-operative Bank Ltd are available with micr code -

>>Mangalwar Tale Satara >>Mysatara >>Rtgsho >>Satara City >>Shivaji Circle Satara >>Zp Satara

MICR code for The Satara District Central Co-Operative Bank Ltd Shivaji Circle Satara

The Satara District Central Co-Operative Bank Ltd MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. The Satara District Central Co-Operative Bank Ltd MICR code for Shivaji Circle Satara 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 Satara District Central Co-Operative Bank Ltd for Shivaji Circle Satara branch. MICR code for Shivaji Circle Satara 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 Satara District Central Co-Operative Bank Ltd Shivaji Circle Satara is presented in the table alongside.

Use of The Satara District Central Co-Operative Bank Ltd MICR code for Shivaji Circle Satara branch in satara

The MICR code 0 is used in RBI cheque clearing process to identify the branch Shivaji Circle Satara and The Satara District Central Co-Operative 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 Satara District Central Co-Operative Bank Ltd is typically in either of these two font’s: E-138 and CMC-7.