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Vasai Vikas Bank Saphala Thane Maharashtra MICR CODE

Find MICR Codes for Vasai Vikas Bank Saphala Thane Maharashtra

MICR Code
Bank Vasai Vikas Sahakari Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Saphale
Contact Mr. Jitendra Patil
Bank Details Vasai Vikas Sahakari Bank Ltd Saphale VVSB0000006
Location Saphala, Thane
City Saphala
District Thane
State Maharashtra
Pincode 401203
Country IN
Address Shree apartment, near railway station, nallasopara (w), dist. Thane - 401 203, tel : 0250 - 2403582
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.

Search Vasai Vikas Bank MICR Codes in thane

You can search through MICR Codes of Maharashtra branches in saphala of District thane in Maharashtra State by using the search box or you can browse through the table using the conrols at the bottom.

A total of 1 branches of Vasai Vikas Sahakari Bank Ltd are available with micr code -

>>Saphale

How to find MICR codes for Vasai Vikas Bank in saphala?

Vasai Vikas Bank saphala MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Vasai Vikas Sahakari Bank MICR codes list for saphala, one can further search by branch name specified in the table. You can find MICR codes for all Vasai Vikas Bank saphala branches.

Vasai Vikas Sahakari Bank MICR code in saphala

Vasai Vikas Bank MICR code is a character recognition technology used by banks in the processing of cheques. Vasai Vikas Sahakari Bank MICR code for saphala branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Vasai Vikas Bank branches in saphala, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Vasai Vikas Bank MICR code for saphala branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Vasai Vikas Bank saphala branch, sprinted 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. Thus MICR code for Vasai Vikas Sahakari Bank saphala branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Vasai Vikas Bank MICR codes for saphala branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!