Saraswat Bank Bhopal Bhopal Madhya Pradesh MICR CODE

Find MICR Codes for Saraswat Bank Bhopal Bhopal Madhya Pradesh

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MICR Code	-NA-
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	Bhopal
Contact	0-8419998701
Bank Details	Saraswat Co-Op Bank Ltd Bhopal SRCB0000542

Location	Bhopal, Bhopal
City	Bhopal
District	Bhopal
State	Madhya Pradesh
Pincode	462011
Country	IN
Address	Ground, first and second floor, plot no. Hig 57.shivaji nagar, opp. Pragati petrol pump, bhopal, madhya pradesh - 462011

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 Bhopal 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 Saraswat Cooperative Bank, Bhopal branch makes the system almost error free and faster. Use of Saraswat Cooperative Bank MICR codes for Bhopal branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Saraswat Co-Op Bank Ltd are available with micr code -

>>Bhopal

MICR code for Saraswat Bank Bhopal

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 Bhopal 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 Saraswat Co Op Bank for Bhopal branch. MICR code for Bhopal 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 Bhopal is presented in the table alongside.

Use of Saraswat Cooperative Bank MICR code for Bhopal branch in bhopal

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