Vijaya Bank Palus Sangli Maharashtra MICR CODE

Find MICR Codes for Vijaya Bank Palus Sangli Maharashtra

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MICR Code	416029310
Bank	Vijaya Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Palus Branch
Contact	0
Bank Details	Vijaya Bank Palus Branch VIJB0001826

Location	Palus, Sangli
City	Palus
District	Sangli
State	Maharashtra
Pincode	416310
Country	IN
Address	Palus branch,dr.tukaram bhimrao dhotre,sai samarth buildi,ng,near palus sahkari bank,main road,a/p p,palus,-416310

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 416029310 for Palus Branch 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 416029310 of Vijaya Bank, Palus Branch branch makes the system almost error free and faster. Use of Vijaya Bank MICR codes for Palus Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Vijaya Bank are available with micr code -

>>Palus Branch >>Ppalus Branch

MICR code for Vijaya Bank Palus Branch

Vijaya Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Vijaya Bank MICR code for Palus Branch 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. 416029310 is the MICR code of Vijaya Bank for Palus Branch branch. MICR code for Palus Branch 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 Vijaya Bank Palus Branch is presented in the table alongside.

Use of Vijaya Bank MICR code for Palus Branch branch in palus

The MICR code 416029310 is used in RBI cheque clearing process to identify the branch Palus Branch and Vijaya 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 Vijaya Bank is typically in either of these two font’s: E-138 and CMC-7.

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