Satara Sahakari Bank Ltd Thane Raigad Maharashtra MICR CODE

Find MICR Codes for Satara Sahakari Bank Ltd Thane Raigad Maharashtra

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MICR Code	-NA-
Bank	Satara Sahakari Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Badalapur
Contact
Bank Details	Satara Sahakari Bank Ltd Badalapur TSSB0000016

Location	Thane, Raigad
City	Thane
District	Raigad
State	Maharashtra
Pincode
Country	IN
Address	Deodhar market,b 101/102,1st floor,near badlapur,railway station,badlapur

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 Badalapur 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 The Satara Sahakari Bank Ltd, Badalapur branch makes the system almost error free and faster. Use of The Satara Sahakari Bank Ltd MICR codes for Badalapur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Satara Sahakari Bank Ltd are available with micr code -

>>Badalapur >>Dombivali >>Kalwa West Thane

MICR code for Satara Sahakari Bank Ltd Badalapur

Satara Sahakari Bank Ltd MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. The Satara Sahakari Bank Ltd MICR code for Badalapur 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 Satara Sahakari Bank Ltd for Badalapur branch. MICR code for Badalapur 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 The Satara Sahakari Bank Ltd Badalapur is presented in the table alongside.

Use of The Satara Sahakari Bank Ltd MICR code for Badalapur branch in thane

The MICR code 0 is used in RBI cheque clearing process to identify the branch Badalapur and The Satara Sahakari Bank Ltd 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 Satara Sahakari Bank Ltd is typically in either of these two font’s: E-138 and CMC-7.

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