Co-Operative Bank Of Rajkot Rajkot Rajkot Gujarat MICR CODE

Find MICR Codes for Co-Operative Bank Of Rajkot Rajkot Rajkot Gujarat

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MICR Code	-NA-
Bank	The Co-Operative Bank of Rajkot Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Lothada Branch
Contact	0
Bank Details	The Co-Operative Bank of Rajkot Ltd Lothada Branch TCBR0000128

Location	Rajkot, Rajkot
City	Rajkot
District	Rajkot
State	Gujarat
Pincode	360024
Country	IN
Address	Milenium sky,opp vadalia foods,dist rajkot lothada 360024

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 Lothada 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 Bank Rajkot, Lothada Branch branch makes the system almost error free and faster. Use of Bank Rajkot MICR codes for Lothada Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 9 branches of The Co-Operative Bank of Rajkot Ltd are available with micr code -

>>Gandhigram >>Kotharia >>Lothada Branch >>Mavdi >>Panchnath >>Ranchhodnagar >>Rtgsho >>Sahkar Society >>University Road

MICR code for Co-Operative Bank Of Rajkot Lothada Branch

Co-Operative Bank Of Rajkot MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Bank Rajkot MICR code for Lothada 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 Co-Operative Bank Of Rajkot for Lothada Branch branch. MICR code for Lothada 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 Bank Rajkot Lothada Branch is presented in the table alongside.

Use of Bank Rajkot MICR code for Lothada Branch branch in rajkot

The MICR code 0 is used in RBI cheque clearing process to identify the branch Lothada Branch and Bank Rajkot 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 Co-Operative Bank Of Rajkot is typically in either of these two font’s: E-138 and CMC-7.

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