RBS Bank Kolhapur Kolhapur Maharashtra MICR CODE

Find MICR Codes for RBS Bank Kolhapur Kolhapur Maharashtra

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MICR Code	416030002
Bank	Royal Bank Of Scotland
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Kolhapur
Contact	+91 231 6612903,Fax: +91- 231-6612940
Bank Details	Royal Bank Of Scotland Kolhapur ABNA0100331

Location	Kolhapur, Kolhapur
City	Kolhapur
District	Kolhapur
State	Maharashtra
Pincode	416001
Country	IN
Address	Ground floor, anant towers , 1115 k-1 shahupuri, kolhapur - 416001

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 416030002 for Kolhapur 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 416030002 of Royal Bank Of Scotland, Kolhapur branch makes the system almost error free and faster. Use of Royal Bank Of Scotland MICR codes for Kolhapur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Royal Bank Of Scotland are available with micr code -

>>Kolhapur

MICR code for RBS Bank Kolhapur

RBS Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Royal Bank Of Scotland MICR code for Kolhapur 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. 416030002 is the MICR code of Royal Scotland Bank for Kolhapur branch. MICR code for Kolhapur 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 Royal Bank Of Scotland Kolhapur is presented in the table alongside.

Use of Royal Bank Of Scotland MICR code for Kolhapur branch in kolhapur

The MICR code 416030002 is used in RBI cheque clearing process to identify the branch Kolhapur and Royal Bank Of Scotland 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 Royal Scotland Bank is typically in either of these two font’s: E-138 and CMC-7.

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