Saraswat Bank Akola Akola Maharashtra MICR CODE

Find MICR Codes for Saraswat Bank Akola Akola 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 Tilak Road Akola
Contact 0724-2436611
Bank Details Saraswat Co-Op Bank Ltd Tilak Road Akola SRCB0000393
Location Akola, Akola
City Akola
District Akola
State Maharashtra
Pincode 444001
Country IN
Address Shiv daya complex, opp uday theatre, tilak road, akola - 444001
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 444088002 for Tilak Road Akola 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 444088002 of Saraswat Cooperative Bank, Tilak Road Akola branch makes the system almost error free and faster. Use of Saraswat Cooperative Bank MICR codes for Tilak Road Akola branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Saraswat Co-Op Bank Ltd are available with micr code -

>>Jijau Commercial Coop Bank Ltd Akola Branch >>Tilak Road Akola

MICR code for Saraswat Bank Tilak Road Akola

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 Tilak Road Akola 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. 444088002 is the MICR code of Saraswat Co Op Bank for Tilak Road Akola branch. MICR code for Tilak Road Akola 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 Tilak Road Akola is presented in the table alongside.

Use of Saraswat Cooperative Bank MICR code for Tilak Road Akola branch in akola

The MICR code 444088002 is used in RBI cheque clearing process to identify the branch Tilak Road Akola 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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