Sindhudurga Bank Sindhudurg Majgaon Maharashtra MICR CODE

Find MICR Codes for Sindhudurga Bank Sindhudurg Majgaon Maharashtra

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MICR Code
Bank The Sindhudurga District Central COOP Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Majgaon
Contact 273845
Bank Details The Sindhudurga District Central COOP Bank Ltd Majgaon SIDC0001080
Location Sindhudurg, Majgaon
City Sindhudurg
District Majgaon
State Maharashtra
Pincode 416510
Country IN
Address At and post majgaon tal sawantwadi
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 416801577 for Majgaon 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 416801577 of Sindhudurga COOP Bank, Majgaon branch makes the system almost error free and faster. Use of Sindhudurga COOP Bank MICR codes for Majgaon branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of The Sindhudurga District Central COOP Bank Ltd are available with micr code -

>>Majgaon

MICR code for Sindhudurga Bank Majgaon

Sindhudurga Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Sindhudurga COOP Bank MICR code for Majgaon 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. 416801577 is the MICR code of Sindhudurga Central COOP Bank for Majgaon branch. MICR code for Majgaon 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 Sindhudurga COOP Bank Majgaon is presented in the table alongside.

Use of Sindhudurga COOP Bank MICR code for Majgaon branch in sindhudurg

The MICR code 416801577 is used in RBI cheque clearing process to identify the branch Majgaon and Sindhudurga COOP 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 Sindhudurga Central COOP Bank is typically in either of these two font’s: E-138 and CMC-7.

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