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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 Service Branch
Contact 261-2614008181
Bank Details The Varachha Co-Op. Bank Ltd Service Branch VARA00000SC
Location Surat, Surat
City Surat
District Surat
State Gujarat
Pincode
Country IN
Address Mezanine floor,aadatiya awas,old bombay market,umarwada,
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 Service 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 0 of Varachha Co-Op Bank, Service Branch branch makes the system almost error free and faster. Use of Varachha Co-Op Bank MICR codes for Service Branch branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Varachha Bank Service 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 Service 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. 0 is the MICR code of Varachha Co-Operative Bank for Service Branch branch. MICR code for Service 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 Service Branch is presented in the table alongside.

Use of Varachha Co-Op Bank MICR code for Service Branch branch in surat

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