Prime Co-Op Bank bayad MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Prime Bank MICR codes list for bayad, one can further search by branch name specified in the table. You can find MICR codes for all Prime Co-Op Bank bayad branches.
Prime Co-Op Bank MICR code is a character recognition technology used by banks in the processing of cheques. Prime Bank MICR code for bayad branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Prime Bank India branches in bayad, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.
In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Prime Co-Op Bank bayad branch, sprinted 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. Thus MICR code for Prime Bank bayad branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Prime Bank India MICR codes for bayad branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!