Prathama Bank Koila Rampur Uttar Pradesh MICR CODE

Find MICR Codes for Prathama Bank Koila Rampur Uttar Pradesh

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State
District
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MICR Code	-NA-
Bank	Prathama Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Koila
Contact
Bank Details	Prathama Bank Koila PRTH0022099

Location	Koila, Rampur
City	Koila
District	Rampur
State	Uttar Pradesh
Pincode	244901
Country	IN
Address	P.o. Koila ,tehsil-sadar,distt- rampur pin-244901

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 0 for Koila 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 0 of Prathama Bank, Koila branch makes the system almost error free and faster. Use of Prathama Bank MICR codes for Koila branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Prathama Bank are available with micr code -

>>Koila

MICR code for Prathama Bank Koila

Prathama Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Prathama Bank MICR code for Koila 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. 0 is the MICR code of Prathama Bank for Koila branch. MICR code for Koila 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 Prathama Bank Koila is presented in the table alongside.

Use of Prathama Bank MICR code for Koila branch in koila

The MICR code 0 is used in RBI cheque clearing process to identify the branch Koila and Prathama 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 Prathama Bank is typically in either of these two font’s: E-138 and CMC-7.

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