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Vasai Vikas Bank Vasai Thane Maharashtra MICR CODE

Find MICR Codes for Vasai Vikas Bank Vasai Thane Maharashtra

MICR Code
Bank Vasai Vikas Sahakari Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Navghar
Contact Mr. Khalid Nakid
Bank Details Vasai Vikas Sahakari Bank Ltd Navghar VVSB0000004
Location Vasai, Thane
City Vasai
District Thane
State Maharashtra
Pincode 401201
Country IN
Address Adinath apt., ambadi road, navghar, vasai (w), dist. Thane - 401 201 tel : 0250 - 2334398, 2348946
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 400803004 for Navghar 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 400803004 of Vasai Vikas Sahakari Bank, Navghar branch makes the system almost error free and faster. Use of Vasai Vikas Sahakari Bank MICR codes for Navghar 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 Navghar

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 Navghar 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. 400803004 is the MICR code of Vasai Vikas Bank for Navghar branch. MICR code for Navghar 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 Navghar is presented in the table alongside.

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

The MICR code 400803004 is used in RBI cheque clearing process to identify the branch Navghar 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.