Saraswat Bank Nagpur Nagpur Maharashtra MICR CODE

Find MICR Codes for Saraswat Bank Nagpur Nagpur 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 Wardha Road Nagpur
Contact 0712-2750586/ 87
Bank Details Saraswat Co-Op Bank Ltd Wardha Road Nagpur SRCB0000385
Location Nagpur, Nagpur
City Nagpur
District Nagpur
State Maharashtra
Pincode 440015
Country IN
Address Msmc building, plot no. 7, ajani square, wardha road, nagpur - 440015
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 440088007 for Wardha Road Nagpur 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 440088007 of Saraswat Cooperative Bank, Wardha Road Nagpur branch makes the system almost error free and faster. Use of Saraswat Cooperative Bank MICR codes for Wardha Road Nagpur branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Saraswat Bank Wardha Road Nagpur

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 Wardha Road Nagpur 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. 440088007 is the MICR code of Saraswat Co Op Bank for Wardha Road Nagpur branch. MICR code for Wardha Road Nagpur 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 Wardha Road Nagpur is presented in the table alongside.

Use of Saraswat Cooperative Bank MICR code for Wardha Road Nagpur branch in nagpur

The MICR code 440088007 is used in RBI cheque clearing process to identify the branch Wardha Road Nagpur 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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