Prime Co-Op Bank Vadodara Vadodara Gujarat MICR CODE

Find MICR Codes for Prime Co-Op Bank Vadodara Vadodara Gujarat

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MICR Code
Bank Prime Co-Operative Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bajwa Br
Contact 0265-2231032
Bank Details Prime Co-Operative Bank Ltd Bajwa Br PMEC0102020
Location Vadodara, Vadodara
City Vadodara
District Vadodara
State Gujarat
Pincode 391310
Country IN
Address R b thakkar estate, gandhi road, bajuwa, dist vadodara
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 390250005 for Bajwa Br 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 390250005 of Prime Bank, Bajwa Br branch makes the system almost error free and faster. Use of Prime Bank MICR codes for Bajwa Br branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of Prime Co-Operative Bank Ltd are available with micr code -

>>Bajwa Br >>Dandiya Bazar Br >>Hathikhana >>Karelibaug Br >>Sayajigunj Br

MICR code for Prime Co-Op Bank Bajwa Br

Prime Co-Op Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Prime Bank MICR code for Bajwa Br 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. 390250005 is the MICR code of Prime Bank India for Bajwa Br branch. MICR code for Bajwa Br 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 Prime Bank Bajwa Br is presented in the table alongside.

Use of Prime Bank MICR code for Bajwa Br branch in vadodara

The MICR code 390250005 is used in RBI cheque clearing process to identify the branch Bajwa Br and Prime 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 Prime Bank India is typically in either of these two font’s: E-138 and CMC-7.

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