Let Others Know

Vasai Vikas Bank Vasai Thane Maharashtra MICR CODE

Find MICR Codes for Vasai Vikas Bank Vasai Thane Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	400803016
Bank	Vasai Vikas Sahakari Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Agashi
Contact	2584284
Bank Details	Vasai Vikas Sahakari Bank Ltd Agashi VVSB0000017

Location	Vasai, Thane
City	Vasai
District	Thane
State	Maharashtra
Pincode	401301
Country	IN
Address	M. Baria lake view, opp. Hanuman temple, bazar peth, at post agashi, taluka vasai, dist. Thane – 401 301

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 400803016 for Agashi 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 400803016 of Vasai Vikas Sahakari Bank, Agashi branch makes the system almost error free and faster. Use of Vasai Vikas Sahakari Bank MICR codes for Agashi branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Vasai Vikas Sahakari Bank Ltd are available with micr code -

>>Agashi >>Barampur >>Evernshine >>Navghar

MICR code for Vasai Vikas Bank Agashi

Vasai Vikas Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Vasai Vikas Sahakari Bank MICR code for Agashi 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. 400803016 is the MICR code of Vasai Vikas Bank for Agashi branch. MICR code for Agashi 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 Vasai Vikas Sahakari Bank Agashi is presented in the table alongside.

Use of Vasai Vikas Sahakari Bank MICR code for Agashi branch in vasai

The MICR code 400803016 is used in RBI cheque clearing process to identify the branch Agashi and Vasai Vikas Sahakari 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 Vasai Vikas Bank is typically in either of these two font’s: E-138 and CMC-7.