Saraswat Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Saraswat Bank Mumbai 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 Kurla N S Bank Chembur
Contact 25547928
Bank Details Saraswat Co-Op Bank Ltd Kurla N S Bank Chembur SRCB0KNS012
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400074
Country IN
Address Balram nivas, near ashish cinema, laxmi colony, chembur, mumbai 400 074
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 400077012 for Kurla N S Bank Chembur 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 400077012 of Saraswat Cooperative Bank, Kurla N S Bank Chembur branch makes the system almost error free and faster. Use of Saraswat Cooperative Bank MICR codes for Kurla N S Bank Chembur branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Saraswat Bank Kurla N S Bank Chembur

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 Kurla N S Bank Chembur 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. 400077012 is the MICR code of Saraswat Co Op Bank for Kurla N S Bank Chembur branch. MICR code for Kurla N S Bank Chembur 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 Kurla N S Bank Chembur is presented in the table alongside.

Use of Saraswat Cooperative Bank MICR code for Kurla N S Bank Chembur branch in mumbai

The MICR code 400077012 is used in RBI cheque clearing process to identify the branch Kurla N S Bank Chembur 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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