Saraswat Bank Indore Indore Madhya Pradesh MICR CODE

Find MICR Codes for Saraswat Bank Indore Indore Madhya Pradesh

MICR Code
Bank Saraswat Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Annapurna Road
Contact (0731) 2900040/ 45
Bank Details Saraswat Co-Op Bank Ltd Annapurna Road SRCB0000428
Location Indore, Indore
City Indore
District Indore
State Madhya Pradesh
Pincode 452009
Country IN
Address Decent tower, sacchidanand nagar, annapurna main road, indore, madhya pradesh – 452 009.
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 452088003 for Annapurna Road 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 452088003 of Saraswat Cooperative Bank, Annapurna Road branch makes the system almost error free and faster. Use of Saraswat Cooperative Bank MICR codes for Annapurna Road branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Saraswat Co-Op Bank Ltd are available with micr code -

>>Annapurna Road >>Indore

MICR code for Saraswat Bank Annapurna Road

Saraswat Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Saraswat Cooperative Bank MICR code for Annapurna Road 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. 452088003 is the MICR code of Saraswat Co Op Bank for Annapurna Road branch. MICR code for Annapurna Road 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 Saraswat Cooperative Bank Annapurna Road is presented in the table alongside.

Use of Saraswat Cooperative Bank MICR code for Annapurna Road branch in indore

The MICR code 452088003 is used in RBI cheque clearing process to identify the branch Annapurna Road and Saraswat Cooperative 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 Saraswat Co Op Bank is typically in either of these two font’s: E-138 and CMC-7.

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