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Saraswat Bank Khammam Khammam Telangana MICR CODE

Find MICR Codes for Saraswat Bank Khammam Khammam Telangana

MICR Code
Bank Saraswat Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bhadradri C U Bank Mayuri Centre
Contact 8742220007
Bank Details Saraswat Co-Op Bank Ltd Bhadradri C U Bank Mayuri Centre SRCB0BCB002
Location Khammam, Khammam
City Khammam
District Khammam
State Telangana
Pincode 507001
Country IN
Address H no 11 4 3 nehru nagar khammam
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 507808003 for Bhadradri C U Bank Mayuri Centre 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 507808003 of Saraswat Cooperative Bank, Bhadradri C U Bank Mayuri Centre branch makes the system almost error free and faster. Use of Saraswat Cooperative Bank MICR codes for Bhadradri C U Bank Mayuri Centre branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Saraswat Bank Bhadradri C U Bank Mayuri Centre

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 Bhadradri C U Bank Mayuri Centre 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. 507808003 is the MICR code of Saraswat Co Op Bank for Bhadradri C U Bank Mayuri Centre branch. MICR code for Bhadradri C U Bank Mayuri Centre 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 Bhadradri C U Bank Mayuri Centre is presented in the table alongside.

Use of Saraswat Cooperative Bank MICR code for Bhadradri C U Bank Mayuri Centre branch in khammam

The MICR code 507808003 is used in RBI cheque clearing process to identify the branch Bhadradri C U Bank Mayuri Centre 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.