Varachha Bank Rajkot Rajkot Gujarat MICR CODE

Find MICR Codes for Varachha Bank Rajkot Rajkot Gujarat

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MICR Code
Bank The Varachha Co-Op. Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Rajkot
Contact 281-2616918451
Bank Details The Varachha Co-Op. Bank Ltd Rajkot VARA0289027
Location Rajkot, Rajkot
City Rajkot
District Rajkot
State Gujarat
Pincode 360004
Country IN
Address Shop no. G-27 to 29, ground floor, kruti onella-c, r.k. Park, 150 feet ring road, near hotel fortune, govardhan chowk, mavdi, rajkot-360004
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 Rajkot 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 Varachha Co-Op Bank, Rajkot branch makes the system almost error free and faster. Use of Varachha Co-Op Bank MICR codes for Rajkot branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of The Varachha Co-Op. Bank Ltd are available with micr code -

>>Rajkot

MICR code for Varachha Bank Rajkot

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 Rajkot 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 Varachha Co-Operative Bank for Rajkot branch. MICR code for Rajkot 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 Rajkot is presented in the table alongside.

Use of Varachha Co-Op Bank MICR code for Rajkot branch in rajkot

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

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