Central Bank Aurangabad Aurangabad Maharashtra MICR CODE

Find MICR Codes for Central Bank Aurangabad Aurangabad Maharashtra

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MICR Code	-NA-
Bank	Central Bank Of India
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Satara
Contact	022-22612008
Bank Details	Central Bank Of India Satara CBIN0284822

Location	Aurangabad, Aurangabad
City	Aurangabad
District	Aurangabad
State	Maharashtra
Pincode	431001
Country	IN
Address	Sukhmani complex, jai nagari, plot no 11,gat no. 71,opp mit college, beed bypass road,satara ,aurangabad-431001

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 0 for Satara 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 0 of Central Bank Of India, Satara branch makes the system almost error free and faster. Use of Central Bank Of India MICR codes for Satara branch, makes the characters readable even if there are other marks and stamps on it.

A total of 7 branches of Central Bank Of India are available with micr code -

>>Aurangabad >>Aurangabad Regional Office >>Bajaj Ind.Area Aurangabad >>Kranti Chowk Aurangabad >>Mondha Aurangabad >>Satara >>Sector 9 Cidco Township

MICR code for Central Bank Satara

Central Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Central Bank Of India MICR code for Satara 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. 0 is the MICR code of Central Bank India for Satara branch. MICR code for Satara 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 Central Bank Of India Satara is presented in the table alongside.

Use of Central Bank Of India MICR code for Satara branch in aurangabad

The MICR code 0 is used in RBI cheque clearing process to identify the branch Satara and Central Bank Of India 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 Central Bank India is typically in either of these two font’s: E-138 and CMC-7.

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