Rajasthan Co Op Bank Nagaur Nagaur Rajasthan MICR CODE

Find MICR Codes for Rajasthan Co Op Bank Nagaur Nagaur Rajasthan

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MICR Code
Bank The Rajasthan State Co-Operative Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Butati
Contact 9784590608
Bank Details The Rajasthan State Co-Operative Bank Ltd Butati RSCB0028018
Location Nagaur, Nagaur
City Nagaur
District Nagaur
State Rajasthan
Pincode 341514
Country IN
Address Near bus stand butati pin-341514
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 Butati 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 Rajasthan Co-Operative Bank, Butati branch makes the system almost error free and faster. Use of Rajasthan Co-Operative Bank MICR codes for Butati branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Rajasthan Co Op Bank Butati

Rajasthan Co Op Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Rajasthan Co-Operative Bank MICR code for Butati 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 Rajasthan State Co Op Bank for Butati branch. MICR code for Butati 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 Rajasthan Co-Operative Bank Butati is presented in the table alongside.

Use of Rajasthan Co-Operative Bank MICR code for Butati branch in nagaur

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

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