Jalgaon Peoples Co-Op Bank Kolhapur Kolhapur Maharashtra MICR CODE

Find MICR Codes for Jalgaon Peoples Co-Op Bank Kolhapur Kolhapur Maharashtra

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MICR Code
Bank The Jalgaon Peoples Co-op Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kolhapur
Contact 0
Bank Details The Jalgaon Peoples Co-op Bank Kolhapur JPCB0000038
Location Kolhapur, Kolhapur
City Kolhapur
District Kolhapur
State Maharashtra
Pincode
Country IN
Address Cts 1115 e ward shop no 2 anant tower rajaram puri road shahapuri kolhapur
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 416740002 for Kolhapur 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 416740002 of Jalgaon Peoples Bank, Kolhapur branch makes the system almost error free and faster. Use of Jalgaon Peoples Bank MICR codes for Kolhapur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of The Jalgaon Peoples Co-op Bank are available with micr code -

>>Kolhapur

MICR code for Jalgaon Peoples Co-Op Bank Kolhapur

Jalgaon Peoples Co-Op Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Jalgaon Peoples Bank MICR code for Kolhapur 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. 416740002 is the MICR code of Jalgaon Peoples Co-Op Bank for Kolhapur branch. MICR code for Kolhapur 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 Jalgaon Peoples Bank Kolhapur is presented in the table alongside.

Use of Jalgaon Peoples Bank MICR code for Kolhapur branch in kolhapur

The MICR code 416740002 is used in RBI cheque clearing process to identify the branch Kolhapur and Jalgaon Peoples 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 Jalgaon Peoples Co-Op Bank is typically in either of these two font’s: E-138 and CMC-7.

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