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 Shanivar Peth 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. 415584352 is the MICR code of Rajaram Bapu Sahakari Bank for Shanivar Peth Karad branch. MICR code for Shanivar Peth 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 Rajaram Bapu Bank Shanivar Peth Karad is presented in the table alongside.
The MICR code 415584352 is used in RBI cheque clearing process to identify the branch Shanivar Peth Karad 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.