Rajaram Bapu Sahakari Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Rajaram Bapu Bank MICR code for Peth Vadgaon 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. 416584006 is the MICR code of Rajaram Bapu Sahakari Bank for Peth Vadgaon branch. MICR code for Peth Vadgaon 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 Rajaram Bapu Bank Peth Vadgaon is presented in the table alongside.
The MICR code 416584006 is used in RBI cheque clearing process to identify the branch Peth Vadgaon and Rajaram Bapu 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 Rajaram Bapu Sahakari Bank is typically in either of these two font’s: E-138 and CMC-7.