Vasai Vikas Bank Bolinj Thane Maharashtra MICR CODE

Find MICR Codes for Vasai Vikas Bank Bolinj Thane Maharashtra

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MICR Code
Bank Vasai Vikas Sahakari Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bolinj
Contact Mrs. Charusheela Vartak
Bank Details Vasai Vikas Sahakari Bank Ltd Bolinj VVSB0000011
Location Bolinj, Thane
City Bolinj
District Thane
State Maharashtra
Pincode 401303
Country IN
Address Shop no. H/11, 1st floor, kingston tower, above dominos pizza, opposite viva college, virar (west), dist. Thane
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 400803011 for Bolinj 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 400803011 of Vasai Vikas Sahakari Bank, Bolinj branch makes the system almost error free and faster. Use of Vasai Vikas Sahakari Bank MICR codes for Bolinj branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Vasai Vikas Sahakari Bank Ltd are available with micr code -

>>Bolinj

MICR code for Vasai Vikas Bank Bolinj

Vasai Vikas Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Vasai Vikas Sahakari Bank MICR code for Bolinj 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. 400803011 is the MICR code of Vasai Vikas Bank for Bolinj branch. MICR code for Bolinj 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 Vasai Vikas Sahakari Bank Bolinj is presented in the table alongside.

Use of Vasai Vikas Sahakari Bank MICR code for Bolinj branch in bolinj

The MICR code 400803011 is used in RBI cheque clearing process to identify the branch Bolinj and Vasai Vikas Sahakari 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 Vasai Vikas Bank is typically in either of these two font’s: E-138 and CMC-7.

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