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 Pariyaolpad
Contact 0-2804777
Bank Details Prime Co-Operative Bank Ltd Pariyaolpad PMEC0104949
Location Surat, Surat
City Surat
District Surat
State Gujarat
Pincode 394130
Country IN
Address Shop no 121, 122 and 123, maruti arcade, block number193/2, r s no - 184/1 moje pariya village, taluka - olpad - dist - surat - 394130
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 Pariyaolpad 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, Pariyaolpad branch makes the system almost error free and faster. Use of Prime Bank MICR codes for Pariyaolpad branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Prime Co-Op Bank Pariyaolpad

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 Pariyaolpad 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 Pariyaolpad branch. MICR code for Pariyaolpad 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 Pariyaolpad is presented in the table alongside.

Use of Prime Bank MICR code for Pariyaolpad branch in surat

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