Shahu Bank Wadwani Beed Maharashtra MICR CODE

Find MICR Codes for Shahu Bank Wadwani Beed Maharashtra

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MICR Code
Bank Shri Chhatrapati Rajarshi Shahu Urban Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Wadwani
Contact 7588056481
Bank Details Shri Chhatrapati Rajarshi Shahu Urban Co-Op Bank Ltd Wadwani CRUB0000035
Location Wadwani, Beed
City Wadwani
District Beed
State Maharashtra
Pincode 431131
Country IN
Address Beed parali road wadwani tq wadwani dist beed pin 431131
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 Wadwani 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 Rajarshi Shahu Bank, Wadwani branch makes the system almost error free and faster. Use of Rajarshi Shahu Bank MICR codes for Wadwani branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Shri Chhatrapati Rajarshi Shahu Urban Co-Op Bank Ltd are available with micr code -

>>Wadwani

MICR code for Shahu Bank Wadwani

Shahu Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Rajarshi Shahu Bank MICR code for Wadwani 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 Chhatrapati Rajarshi Shahu Bank for Wadwani branch. MICR code for Wadwani 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 Rajarshi Shahu Bank Wadwani is presented in the table alongside.

Use of Rajarshi Shahu Bank MICR code for Wadwani branch in wadwani

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

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