Saraswat Bank Thane Thane Maharashtra MICR CODE

Find MICR Codes for Saraswat Bank Thane Thane Maharashtra

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MICR Code	400088041
Bank	Saraswat Co-Op Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Palghar
Contact	02525- 250695
Bank Details	Saraswat Co-Op Bank Ltd Palghar SRCB0000059

Location	Thane, Thane
City	Thane
District	Thane
State	Maharashtra
Pincode	401401
Country	IN
Address	Alco arcade, opp. Lion's club, community hall, kacheri road, palghar (w), dist. Thane - 401 401.

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 400088041 for Palghar 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 400088041 of Saraswat Cooperative Bank, Palghar branch makes the system almost error free and faster. Use of Saraswat Cooperative Bank MICR codes for Palghar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 21 branches of Saraswat Co-Op Bank Ltd are available with micr code -

>>Ambarnath (E) Branch >>Badlapur (East) >>Bramhand Branch Thane >>Cocpc Thane >>Dombivali East Midc >>Hiranandani (Thane West) >>Jambhali Naka >>Kalwa >>Kasarwadawli Thane >>Khopat >>Kopri Branch >>Kurla N S Bank Thane >>Naupada >>Palghar >>Panchpakhadi >>Rasec Thane >>The Chembur Nagarik Sahakari Bank Ltd.Thane Branch >>Vartak Nagar >>Vijay Nagri Branch >>Virar >>Wagle Estate Thane West

MICR code for Saraswat Bank Palghar

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 Palghar 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. 400088041 is the MICR code of Saraswat Co Op Bank for Palghar branch. MICR code for Palghar 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 Palghar is presented in the table alongside.

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

The MICR code 400088041 is used in RBI cheque clearing process to identify the branch Palghar 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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