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Vasai Vikas Bank Virar Thane Maharashtra MICR CODE

Find MICR Codes for Vasai Vikas Bank Virar Thane Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	400803003
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	Virar
Contact	Mrs. Kalpana Churi
Bank Details	Vasai Vikas Sahakari Bank Ltd Virar VVSB0000003

Location	Virar, Thane
City	Virar
District	Thane
State	Maharashtra
Pincode	401303
Country	IN
Address	Thakur arcade, near railway station, virar (w), dist thane - 401 303 tel : 0250 - 2502733, 2502536

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 400803003 for Virar 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 400803003 of Vasai Vikas Sahakari Bank, Virar branch makes the system almost error free and faster. Use of Vasai Vikas Sahakari Bank MICR codes for Virar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Vasai Vikas Sahakari Bank Ltd are available with micr code -

>>Naringi >>Virar

MICR code for Vasai Vikas Bank Virar

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 Virar 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. 400803003 is the MICR code of Vasai Vikas Bank for Virar branch. MICR code for Virar 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 Virar is presented in the table alongside.

Use of Vasai Vikas Sahakari Bank MICR code for Virar branch in virar

The MICR code 400803003 is used in RBI cheque clearing process to identify the branch Virar 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.