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 Shree Mahalaxmi Mercantile Co Operative Bank Ltd Karjan 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. 391201101 is the MICR code of GSC Bank for Shree Mahalaxmi Mercantile Co Operative Bank Ltd Karjan branch. MICR code for Shree Mahalaxmi Mercantile Co Operative Bank Ltd Karjan 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 Shree Mahalaxmi Mercantile Co Operative Bank Ltd Karjan is presented in the table alongside.
The MICR code 391201101 is used in RBI cheque clearing process to identify the branch Shree Mahalaxmi Mercantile Co Operative Bank Ltd Karjan 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.