Saraswat Bank Belgaum Belgaum Karnataka MICR CODE

Find MICR Codes for Saraswat Bank Belgaum Belgaum Karnataka

Bank
State
District
City
Branch
Address

MICR Code	590088002
Bank	Saraswat Co-Op Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Belgaum
Contact	0831-2420433
Bank Details	Saraswat Co-Op Bank Ltd Belgaum SRCB0000042

Location	Belgaum, Belgaum
City	Belgaum
District	Belgaum
State	Karnataka
Pincode	590002
Country	IN
Address	Samadevi complex, samadevi galli, belgaum - 590 002.

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 590088002 for Belgaum 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 590088002 of Saraswat Cooperative Bank, Belgaum branch makes the system almost error free and faster. Use of Saraswat Cooperative Bank MICR codes for Belgaum 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 -

>>Belgaum >>Tilakwadi

MICR code for Saraswat Bank Belgaum

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 Belgaum 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. 590088002 is the MICR code of Saraswat Co Op Bank for Belgaum branch. MICR code for Belgaum 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 Belgaum is presented in the table alongside.

Use of Saraswat Cooperative Bank MICR code for Belgaum branch in belgaum

The MICR code 590088002 is used in RBI cheque clearing process to identify the branch Belgaum 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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