Let Others Know
×
LinkedIn
Email
WhatsApp

Surat Peoples Bank Surat Surat Gujarat MICR CODE

Find MICR Codes for Surat Peoples Bank Surat Surat Gujarat

MICR Code
Bank Surat Peoples Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sagrampura
Contact 0261-2331358
Bank Details Surat Peoples Co-Op Bank Ltd Sagrampura SPCB0251002
Location Surat, Surat
City Surat
District Surat
State Gujarat
Pincode 395002
Country IN
Address Main road, sagrampura, surat - 395002
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 395251003 for Sagrampura 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 395251003 of Surat Peoples Co-Op Bank, Sagrampura branch makes the system almost error free and faster. Use of Surat Peoples Co-Op Bank MICR codes for Sagrampura branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Surat Peoples Bank Sagrampura

Surat Peoples Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Surat Peoples Co-Op Bank MICR code for Sagrampura 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. 395251003 is the MICR code of SPCBL Bank for Sagrampura branch. MICR code for Sagrampura 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 Surat Peoples Co-Op Bank Sagrampura is presented in the table alongside.

Use of Surat Peoples Co-Op Bank MICR code for Sagrampura branch in surat

The MICR code 395251003 is used in RBI cheque clearing process to identify the branch Sagrampura and Surat Peoples 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 SPCBL Bank is typically in either of these two font’s: E-138 and CMC-7.