Vijaya Bank Raver Jalgaon Maharashtra MICR CODE

Find MICR Codes for Vijaya Bank Raver Jalgaon Maharashtra

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MICR Code	-NA-
Bank	Vijaya Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Savda Maharashtra
Contact	0
Bank Details	Vijaya Bank Savda Maharashtra VIJB0005140

Location	Raver, Jalgaon
City	Raver
District	Jalgaon
State	Maharashtra
Pincode	425508
Country	IN
Address	Cts no-1631,near municipal council office savda,tal-raver,dist jalgaon,maharashtra

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

A total of 1 branches of Vijaya Bank are available with micr code -

>>Savda Maharashtra

MICR code for Vijaya Bank Savda Maharashtra

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 Savda Maharashtra 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 Vijaya Bank for Savda Maharashtra branch. MICR code for Savda Maharashtra 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 Savda Maharashtra is presented in the table alongside.

Use of Vijaya Bank MICR code for Savda Maharashtra branch in raver

The MICR code 0 is used in RBI cheque clearing process to identify the branch Savda Maharashtra 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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