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Varachha Bank Surat Surat Gujarat MICR CODE

Find MICR Codes for Varachha Bank Surat Surat Gujarat

MICR Code
Bank The Varachha Co-Op. Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kargil Chowk Punagam Branch
Contact 2308946
Bank Details The Varachha Co-Op. Bank Ltd Kargil Chowk Punagam Branch VARA0289020
Location Surat, Surat
City Surat
District Surat
State Gujarat
Pincode
Country IN
Address Shop no. 110 to 113, 1st floor,nilkanth plaza,nr balaji residency ,kargil chowk,punagam
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 395289018 for Kargil Chowk Punagam Branch 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 395289018 of Varachha Co-Op Bank, Kargil Chowk Punagam Branch branch makes the system almost error free and faster. Use of Varachha Co-Op Bank MICR codes for Kargil Chowk Punagam Branch branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Varachha Bank Kargil Chowk Punagam Branch

Varachha Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Varachha Co-Op Bank MICR code for Kargil Chowk Punagam Branch 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. 395289018 is the MICR code of Varachha Co-Operative Bank for Kargil Chowk Punagam Branch branch. MICR code for Kargil Chowk Punagam Branch 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 Varachha Co-Op Bank Kargil Chowk Punagam Branch is presented in the table alongside.

Use of Varachha Co-Op Bank MICR code for Kargil Chowk Punagam Branch branch in surat

The MICR code 395289018 is used in RBI cheque clearing process to identify the branch Kargil Chowk Punagam Branch and Varachha Co-Op 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 Varachha Co-Operative Bank is typically in either of these two font’s: E-138 and CMC-7.