Coastal Bank Krishna Vijayawada Andhra Pradesh MICR CODE

Find MICR Codes for Coastal Bank Krishna Vijayawada Andhra Pradesh

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MICR Code	520652002
Bank	Coastal Local Area Bank Limited
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Rtgsho
Contact	866-2494426
Bank Details	Coastal Local Area Bank Limited Rtgsho COAS0000001

Location	Krishna, Vijayawada
City	Krishna
District	Vijayawada
State	Andhra Pradesh
Pincode
Country	IN
Address	D.no.59-12-6,grace line, ghantasalavari street, gayatri nagar, near benz circle

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 520652002 for Rtgsho 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 520652002 of Coastal Local Area Bank Ltd, Rtgsho branch makes the system almost error free and faster. Use of Coastal Local Area Bank Ltd MICR codes for Rtgsho branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Coastal Local Area Bank Limited are available with micr code -

>>Neft Service Center >>Rtgsho >>Vijayawada

MICR code for Coastal Bank Rtgsho

Coastal Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Coastal Local Area Bank Ltd MICR code for Rtgsho 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. 520652002 is the MICR code of Coastal Bank for Rtgsho branch. MICR code for Rtgsho 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 Coastal Local Area Bank Ltd Rtgsho is presented in the table alongside.

Use of Coastal Local Area Bank Ltd MICR code for Rtgsho branch in krishna

The MICR code 520652002 is used in RBI cheque clearing process to identify the branch Rtgsho and Coastal Local Area Bank Ltd 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 Coastal Bank is typically in either of these two font’s: E-138 and CMC-7.

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