Janaseva Sahakari Bank koregaon MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Janaseva Bank MICR codes list for koregaon, one can further search by branch name specified in the table. You can find MICR codes for all Janaseva Sahakari Bank koregaon branches.
Janaseva Sahakari Bank MICR code is a character recognition technology used by banks in the processing of cheques. Janaseva Bank MICR code for koregaon 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 Janaseva Sahakari Bank branches in koregaon, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance 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 Janaseva Sahakari Bank koregaon 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 Janaseva Bank koregaon branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Janaseva Sahakari Bank MICR codes for koregaon branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!