Jalgaon Peoples Co-Op Bank Parola Jalgaon Maharashtra MICR CODE

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

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MICR Code	425740506
Bank	The Jalgaon Peoples Co-op Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Parola
Contact	0
Bank Details	The Jalgaon Peoples Co-op Bank Parola JPCB0000033

Location	Parola, Jalgaon
City	Parola
District	Jalgaon
State	Maharashtra
Pincode	425111
Country	IN
Address	Cts no 2925 gujrathi galli parola 425111

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 425740506 for Parola 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 425740506 of Jalgaon Peoples Bank, Parola branch makes the system almost error free and faster. Use of Jalgaon Peoples Bank MICR codes for Parola 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 -

>>Parola

MICR code for Jalgaon Peoples Co-Op Bank Parola

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 Parola 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. 425740506 is the MICR code of Jalgaon Peoples Co-Op Bank for Parola branch. MICR code for Parola 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 Parola is presented in the table alongside.

Use of Jalgaon Peoples Bank MICR code for Parola branch in parola

The MICR code 425740506 is used in RBI cheque clearing process to identify the branch Parola 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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