Utkarsh Small Finance Bank Raipur Raipur Chhattisgarh MICR CODE

Find MICR Codes for Utkarsh Small Finance Bank Raipur Raipur Chhattisgarh

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MICR Code
Bank Utkarsh Small Finance Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Shankar Nagar Raipur
Contact -
Bank Details Utkarsh Small Finance Bank Shankar Nagar Raipur UTKS0001757
Location Raipur, Raipur
City Raipur
District Raipur
State Chhattisgarh
Pincode
Country IN
Address Na
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 Shankar Nagar Raipur 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 Utkarsh Bank, Shankar Nagar Raipur branch makes the system almost error free and faster. Use of Utkarsh Bank MICR codes for Shankar Nagar Raipur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of Utkarsh Small Finance Bank are available with micr code -

>>Abhanpur >>Arang >>Raipur >>Raipur >>Shankar Nagar Raipur

MICR code for Utkarsh Small Finance Bank Shankar Nagar Raipur

Utkarsh Small Finance Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Utkarsh Bank MICR code for Shankar Nagar Raipur 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 Utkarsh Small Finance Bank for Shankar Nagar Raipur branch. MICR code for Shankar Nagar Raipur 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 Utkarsh Bank Shankar Nagar Raipur is presented in the table alongside.

Use of Utkarsh Bank MICR code for Shankar Nagar Raipur branch in raipur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Shankar Nagar Raipur and Utkarsh 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 Utkarsh Small Finance Bank is typically in either of these two font’s: E-138 and CMC-7.

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