Saraswat Bank Mumbai Navi Mumbai Maharashtra MICR CODE

Find MICR Codes for Saraswat Bank Mumbai Navi Mumbai Maharashtra

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MICR Code
Bank Saraswat Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Chembur Nagarik Sahakari Bank Koparkhairne
Contact 27552391
Bank Details Saraswat Co-Op Bank Ltd Chembur Nagarik Sahakari Bank Koparkhairne SRCB0CNS007
Location Mumbai, Navi Mumbai
City Mumbai
District Navi Mumbai
State Maharashtra
Pincode 400709
Country IN
Address Channel tower,plot no.75,sector 18,koparkhairne,vashi,navi mumbai -400709
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 400806007 for Chembur Nagarik Sahakari Bank Koparkhairne 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 400806007 of Saraswat Cooperative Bank, Chembur Nagarik Sahakari Bank Koparkhairne branch makes the system almost error free and faster. Use of Saraswat Cooperative Bank MICR codes for Chembur Nagarik Sahakari Bank Koparkhairne branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Saraswat Co-Op Bank Ltd are available with micr code -

>>Chembur Nagarik Sahakari Bank Koparkhairne

MICR code for Saraswat Bank Chembur Nagarik Sahakari Bank Koparkhairne

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 Chembur Nagarik Sahakari Bank Koparkhairne 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. 400806007 is the MICR code of Saraswat Co Op Bank for Chembur Nagarik Sahakari Bank Koparkhairne branch. MICR code for Chembur Nagarik Sahakari Bank Koparkhairne 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 Chembur Nagarik Sahakari Bank Koparkhairne is presented in the table alongside.

Use of Saraswat Cooperative Bank MICR code for Chembur Nagarik Sahakari Bank Koparkhairne branch in mumbai

The MICR code 400806007 is used in RBI cheque clearing process to identify the branch Chembur Nagarik Sahakari Bank Koparkhairne 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.

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