MICR Code Bank
Find MICR code for The Banaskantha Mercantile Co. Operative Bank Ltd branches in India for NEFT and RTGS transfer

The Banaskantha Mercantile Co. Operative Bank Ltd MICR CODE

Find MICR Codes for The Banaskantha Mercantile Co. Operative Bank Ltd

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  1. The Banaskantha Mercantile Co. Operative Bank Ltd »
  2. Gujarat »
  3. palanpur »
  4. banaskantha »
  5. rtgsho

Find MICR Codes for The Banaskantha Mercantile Co. Operative Bank Ltd

MICR Code: -NA-
Bank: The Banaskantha Mercantile Co. Operative Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Rtgsho
Contact: 385001-7573031002
Bank Details: The Banaskantha Mercantile Co. Operative Bank Ltd Rtgsho TBMC0000001
Location: Banaskantha, Palanpur
City: Banaskantha
District: Palanpur
State: Gujarat
Pincode: 385001
Country: IN
Address: Old sardar ganj road,gathaman gate,palanpur-385001 dist,banaskantha,gujarat

How does MICR code for 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 of Banaskantha Mercantile Bank, branch makes the system almost error free and faster. Use of Banaskantha Mercantile Bank MICR codes for branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of The Banaskantha Mercantile Co. Operative Bank Ltd are available with micr code

>>Rtgsho

MICR code for The Banaskantha Mercantile Co. Operative Bank Ltd

The Banaskantha Mercantile Co. Operative Bank Ltd MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Banaskantha Mercantile Bank MICR code for 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. is the MICR code of The Banaskantha Mercantile Co. Operative Bank Ltd for branch. MICR code for 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 Banaskantha Mercantile Bank is presented in the table alongside.

Use of Banaskantha Mercantile Bank MICR code for branch in banaskantha

The MICR code is used in RBI cheque clearing process to identify the branch and Banaskantha Mercantile 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 The Banaskantha Mercantile Co. Operative Bank Ltd is typically in either of these two font’s: E-138 and CMC-7.