Vasai Vikas Bank Nallasopara Thane Maharashtra MICR CODE

Find MICR Codes for Vasai Vikas Bank Nallasopara 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 Nalasopara
Contact Mr. Anjum Patel
Bank Details Vasai Vikas Sahakari Bank Ltd Nalasopara VVSB0000007
Location Nallasopara, Thane
City Nallasopara
District Thane
State Maharashtra
Pincode 952525
Country IN
Address Devbhoomi commercial complex, near saphale station, saphale (e), dist. Thane - 401 102, tel : 952525 - 230539
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 400803007 for Nalasopara 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 400803007 of Vasai Vikas Sahakari Bank, Nalasopara branch makes the system almost error free and faster. Use of Vasai Vikas Sahakari Bank MICR codes for Nalasopara 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 -

>>Nalasopara

MICR code for Vasai Vikas Bank Nalasopara

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 Nalasopara 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. 400803007 is the MICR code of Vasai Vikas Bank for Nalasopara branch. MICR code for Nalasopara 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 Nalasopara is presented in the table alongside.

Use of Vasai Vikas Sahakari Bank MICR code for Nalasopara branch in nallasopara

The MICR code 400803007 is used in RBI cheque clearing process to identify the branch Nalasopara 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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