Saraswat Bank Aurangabad Aurangabad Maharashtra MICR CODE

Find MICR Codes for Saraswat Bank Aurangabad Aurangabad 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 Zone Vi Aurangabad
Contact 0240-2243014
Bank Details Saraswat Co-Op Bank Ltd Zone Vi Aurangabad SRCB0000085
Location Aurangabad, Aurangabad
City Aurangabad
District Aurangabad
State Maharashtra
Pincode 431003
Country IN
Address Madhu shilip, plot no. 6, c/2, town centre, near cidco bus stand, cidco, aurangabad - 431 003
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 0 for Zone Vi Aurangabad 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 0 of Saraswat Cooperative Bank, Zone Vi Aurangabad branch makes the system almost error free and faster. Use of Saraswat Cooperative Bank MICR codes for Zone Vi Aurangabad branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Saraswat Bank Zone Vi Aurangabad

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 Zone Vi Aurangabad 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. 0 is the MICR code of Saraswat Co Op Bank for Zone Vi Aurangabad branch. MICR code for Zone Vi Aurangabad 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 Zone Vi Aurangabad is presented in the table alongside.

Use of Saraswat Cooperative Bank MICR code for Zone Vi Aurangabad branch in aurangabad

The MICR code 0 is used in RBI cheque clearing process to identify the branch Zone Vi Aurangabad 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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