Prime Co-Op Bank Surat Surat Gujarat MICR CODE

Find MICR Codes for Prime Co-Op Bank Surat Surat Gujarat

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MICR Code
Bank Prime Co-Operative Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mota Varachha
Contact 0-2804777
Bank Details Prime Co-Operative Bank Ltd Mota Varachha PMEC0105050
Location Surat, Surat
City Surat
District Surat
State Gujarat
Pincode 394101
Country IN
Address Ground floor shop no 18 and 19, mantra itc,tps no 18, fp no-92, block no 684,paikee 1, r.s.no 474, ram chowk, mota varachha-surat-394101.
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 Mota Varachha 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 Prime Bank, Mota Varachha branch makes the system almost error free and faster. Use of Prime Bank MICR codes for Mota Varachha branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Prime Co-Op Bank Mota Varachha

Prime Co-Op Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Prime Bank MICR code for Mota Varachha 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 Prime Bank India for Mota Varachha branch. MICR code for Mota Varachha 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 Prime Bank Mota Varachha is presented in the table alongside.

Use of Prime Bank MICR code for Mota Varachha branch in surat

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

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