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Sutex Bank Surat Surat Gujarat MICR CODE

Find MICR Codes for Sutex Bank Surat Surat Gujarat

MICR Code
Bank The Sutex Co Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Gopipura
Contact Paresh Makhania Ph.No.0261-2593059
Bank Details The Sutex Co Op Bank Ltd Gopipura SUTB0248005
Location Surat, Surat
City Surat
District Surat
State Gujarat
Pincode 395003
Country IN
Address Subhash chowk, gopipura,surat-395003,gujarat (india).
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 395248005 for Gopipura 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 395248005 of Sutex Co Op Bank, Gopipura branch makes the system almost error free and faster. Use of Sutex Co Op Bank MICR codes for Gopipura branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Sutex Bank Gopipura

Sutex Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Sutex Co Op Bank MICR code for Gopipura 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. 395248005 is the MICR code of Sutex Bank for Gopipura branch. MICR code for Gopipura 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 Sutex Co Op Bank Gopipura is presented in the table alongside.

Use of Sutex Co Op Bank MICR code for Gopipura branch in surat

The MICR code 395248005 is used in RBI cheque clearing process to identify the branch Gopipura and Sutex 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 Sutex Bank is typically in either of these two font’s: E-138 and CMC-7.