Gujarat State Co Op Bank Palanpur Banaskantha Gujarat MICR CODE

Find MICR Codes for Gujarat State Co Op Bank Palanpur Banaskantha Gujarat

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MICR Code	385801001
Bank	The Gujarat State Co-Operative Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Banaskantha District Central Co Op. Bank Ltd.
Contact	02742-255212;9427064949;Banasbank@yahoo.In
Bank Details	The Gujarat State Co-Operative Bank Ltd Banaskantha District Central Co Op. Bank Ltd. GSCB0BKD001

Location	Palanpur, Banaskantha
City	Palanpur
District	Banaskantha
State	Gujarat
Pincode	385001
Country	IN
Address	Banaskantha district central co-op. Bank ltd., banas bhavan, disa highway, palanpur - 385001

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 385801001 for Banaskantha District Central Co Op. Bank Ltd. 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 385801001 of Gujarat Co-Operative Bank, Banaskantha District Central Co Op. Bank Ltd. branch makes the system almost error free and faster. Use of Gujarat Co-Operative Bank MICR codes for Banaskantha District Central Co Op. Bank Ltd. branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of The Gujarat State Co-Operative Bank Ltd are available with micr code -

>>Banaskantha District Central Co Op. Bank Ltd.

MICR code for Gujarat State Co Op Bank Banaskantha District Central Co Op. Bank Ltd.

Gujarat State Co Op Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Gujarat Co-Operative Bank MICR code for Banaskantha District Central Co Op. Bank Ltd. 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. 385801001 is the MICR code of GSC Bank for Banaskantha District Central Co Op. Bank Ltd. branch. MICR code for Banaskantha District Central Co Op. Bank Ltd. 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 Gujarat Co-Operative Bank Banaskantha District Central Co Op. Bank Ltd. is presented in the table alongside.

Use of Gujarat Co-Operative Bank MICR code for Banaskantha District Central Co Op. Bank Ltd. branch in palanpur

The MICR code 385801001 is used in RBI cheque clearing process to identify the branch Banaskantha District Central Co Op. Bank Ltd. and Gujarat Co-Operative 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 GSC Bank is typically in either of these two font’s: E-138 and CMC-7.

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