MICR Code Bank
Find MICR code for Saraswat Bank Ambarnath branches in India for NEFT and RTGS transfer

Saraswat Bank Ambarnath MICR CODE

Find MICR Codes for Saraswat Bank Ambarnath

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  1. Saraswat Co-Op Bank Ltd »
  2. Maharashtra »
  3. thane »
  4. thane »
  5. ambarnath (e) branch

Find MICR Codes for Saraswat Bank Ambarnath

MICR Code: 400088125
Bank: Saraswat Co-Op Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Ambarnath (E) Branch
Contact: (0251)2609292/ 9797
Bank Details: Saraswat Co-Op Bank Ltd Ambarnath (E) Branch SRCB0000411
Location: Thane, Thane
City: Thane
District: Thane
State: Maharashtra
Pincode: 421501
Country: IN
Address: Chandrama, sarvoday co-op hsg society ltd., plot no. 24, ambarnath (e), thane – 421 501

How does MICR code for ambarnath 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 of Saraswat Cooperative Bank, ambarnath branch makes the system almost error free and faster. Use of Saraswat Cooperative Bank MICR codes for ambarnath branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Saraswat Bank ambarnath

Saraswat Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Saraswat Cooperative Bank MICR code for ambarnath 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. is the MICR code of Saraswat Co Op Bank for ambarnath branch. MICR code for ambarnath 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 Saraswat Cooperative Bank ambarnath is presented in the table alongside.

Use of Saraswat Cooperative Bank MICR code for ambarnath branch in thane

The MICR code is used in RBI cheque clearing process to identify the branch ambarnath and Saraswat Cooperative 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 Saraswat Co Op Bank is typically in either of these two font’s: E-138 and CMC-7.