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 Shri Vinayak Sahalari Bank Ltd 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. 380124258 is the MICR code of Prime Bank India for Shri Vinayak Sahalari Bank Ltd branch. MICR code for Shri Vinayak Sahalari Bank Ltd 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 Shri Vinayak Sahalari Bank Ltd is presented in the table alongside.
The MICR code 380124258 is used in RBI cheque clearing process to identify the branch Shri Vinayak Sahalari Bank Ltd 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.