Prime Co-Op Bank Bayad Sabar Kantha Gujarat MICR CODE

Find MICR Codes for Prime Co-Op Bank Bayad Sabar Kantha Gujarat

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MICR Code	383250111
Bank	Prime Co-Operative Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Bayad
Contact	02779-222069
Bank Details	Prime Co-Operative Bank Ltd Bayad PMEC0103633

Location	Bayad, Sabar Kantha
City	Bayad
District	Sabar Kantha
State	Gujarat
Pincode	383325
Country	IN
Address	Near old bus stand bayad

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 383250111 for Bayad 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 383250111 of Prime Bank, Bayad branch makes the system almost error free and faster. Use of Prime Bank MICR codes for Bayad branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Prime Co-Operative Bank Ltd are available with micr code -

>>Bayad

MICR code for Prime Co-Op Bank Bayad

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 Bayad 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. 383250111 is the MICR code of Prime Bank India for Bayad branch. MICR code for Bayad 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 Bayad is presented in the table alongside.

Use of Prime Bank MICR code for Bayad branch in bayad

The MICR code 383250111 is used in RBI cheque clearing process to identify the branch Bayad 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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