Catholic Syrian Bank Satara Karad Maharashtra MICR CODE

Find MICR Codes for Catholic Syrian Bank Satara Karad Maharashtra

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MICR Code
Bank Catholic Syrian Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Karad
Contact 0
Bank Details Catholic Syrian Bank Ltd Karad CSBK0000519
Location Satara, Karad
City Satara
District Karad
State Maharashtra
Pincode 415539
Country IN
Address Ground floor, near to akhta mantal karyalaya, malkapur road, karad satara, 415539
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 415047352 for Karad 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 415047352 of CSB Bank, Karad branch makes the system almost error free and faster. Use of CSB Bank MICR codes for Karad branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Catholic Syrian Bank Ltd are available with micr code -

>>Karad

MICR code for Catholic Syrian Bank Karad

Catholic Syrian Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. CSB Bank MICR code for Karad 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. 415047352 is the MICR code of Syrian Bank for Karad branch. MICR code for Karad 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 CSB Bank Karad is presented in the table alongside.

Use of CSB Bank MICR code for Karad branch in satara

The MICR code 415047352 is used in RBI cheque clearing process to identify the branch Karad and CSB 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 Syrian Bank is typically in either of these two font’s: E-138 and CMC-7.

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