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Find MICR code for The Kolhapur Urban Co-Op Bank Ltd branches in India for NEFT and RTGS transfer

The Kolhapur Urban Co-Op Bank Ltd MICR CODE

Find MICR Codes for The Kolhapur Urban Co-Op Bank Ltd

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  1. The kolhapur urban co-op bank ltd »
  2. Maharashtra »
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  4. ohpr »
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Find MICR Codes for The Kolhapur Urban Co-Op Bank Ltd

MICR Code: 416398003
Bank: The kolhapur urban co-op bank ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Main Branch
Contact: 231-2547248
Bank Details: The kolhapur urban co-op bank ltd Main Branch KOLH0000003
Location: Ohpr, Kolhapur
City: Ohpr
District: Kolhapur
State: Maharashtra
Pincode: 416002
Country: IN
Address: 514,d ward,gangawesh,ground floor,kolhapur 416002

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

MICR code for The Kolhapur Urban Co-Op Bank Ltd

The Kolhapur Urban Co-Op Bank Ltd MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. The Kolhapur Urban Bank Ltd 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 Kolhapur Urban Co-Op 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 The Kolhapur Urban Bank Ltd is presented in the table alongside.

Use of The Kolhapur Urban Bank Ltd MICR code for branch in ohpr

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