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Prathama Bank Moradabad Moradabad Uttar Pradesh MICR CODE

Find MICR Codes for Prathama Bank Moradabad Moradabad Uttar Pradesh

MICR Code
Bank Prathama Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Salempur
Contact SALEMPUR,BLOCK-CHHIJLET, DISTT.MORADABAD
Bank Details Prathama Bank Salempur PRTH0014383
Location Moradabad, Moradabad
City Moradabad
District Moradabad
State Uttar Pradesh
Pincode 244104
Country IN
Address 7055715383
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 Salempur 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 Prathama Bank, Salempur branch makes the system almost error free and faster. Use of Prathama Bank MICR codes for Salempur branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Prathama Bank Salempur

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

Use of Prathama Bank MICR code for Salempur branch in moradabad

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