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Saraswat Bank Delhi New Delhi New Delhi MICR CODE

Find MICR Codes for Saraswat Bank Delhi New Delhi New Delhi

MICR Code:
Bank: Saraswat Co-Op Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Lajpat Nagar Br
Contact: 011-26422100
Bank Details: Saraswat Co-Op Bank Ltd Lajpat Nagar Br SRCB0000230
Location: Delhi, New Delhi
City: Delhi
District: New Delhi
State: New Delhi
Pincode: 110024
Country: IN
Address: 20-a ring road, opp haldiram, lajpat nagar-4, new delhi-110024.
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 110088002 for Lajpat Nagar Br 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 110088002 of Saraswat Cooperative Bank, Lajpat Nagar Br branch makes the system almost error free and faster. Use of Saraswat Cooperative Bank MICR codes for Lajpat Nagar Br branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Saraswat Co-Op Bank Ltd are available with micr code -

>>Lajpat Nagar Br

MICR code for Saraswat Bank Lajpat Nagar Br

Saraswat Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Saraswat Cooperative Bank MICR code for Lajpat Nagar Br 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. 110088002 is the MICR code of Saraswat Co Op Bank for Lajpat Nagar Br branch. MICR code for Lajpat Nagar Br 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 Saraswat Cooperative Bank Lajpat Nagar Br is presented in the table alongside.

Use of Saraswat Cooperative Bank MICR code for Lajpat Nagar Br branch in delhi

The MICR code 110088002 is used in RBI cheque clearing process to identify the branch Lajpat Nagar Br and Saraswat Cooperative 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 Saraswat Co Op Bank is typically in either of these two font’s: E-138 and CMC-7.