Saraswat Bank Thane Thane Maharashtra MICR CODE

Find MICR Codes for Saraswat Bank Thane Thane 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 Hiranandani (Thane West)
Contact 66848584,
Bank Details Saraswat Co-Op Bank Ltd Hiranandani (Thane West) SRCB0000148
Location Thane, Thane
City Thane
District Thane
State Maharashtra
Pincode 400610
Country IN
Address Shop no.1 & 15 block no.1, emerald plaza, hiranandani medows, off pokharan road no.2, thane (west) - 400 610.
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 400088074 for Hiranandani (Thane West) 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 400088074 of Saraswat Cooperative Bank, Hiranandani (Thane West) branch makes the system almost error free and faster. Use of Saraswat Cooperative Bank MICR codes for Hiranandani (Thane West) branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Saraswat Bank Hiranandani (Thane West)

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 Hiranandani (Thane West) 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. 400088074 is the MICR code of Saraswat Co Op Bank for Hiranandani (Thane West) branch. MICR code for Hiranandani (Thane West) 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 Hiranandani (Thane West) is presented in the table alongside.

Use of Saraswat Cooperative Bank MICR code for Hiranandani (Thane West) branch in thane

The MICR code 400088074 is used in RBI cheque clearing process to identify the branch Hiranandani (Thane West) 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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