Rajasthan Co Op Bank Jodhpur Jodhpur Rajasthan MICR CODE

Find MICR Codes for Rajasthan Co Op Bank Jodhpur Jodhpur 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 Lohawat
Contact 8094004908
Bank Details The Rajasthan State Co-Operative Bank Ltd Lohawat RSCB0026018
Location Jodhpur, Jodhpur
City Jodhpur
District Jodhpur
State Rajasthan
Pincode 342302
Country IN
Address Near panchyat samiti, lohawat railway station
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 Lohawat 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, Lohawat branch makes the system almost error free and faster. Use of Rajasthan Co-Operative Bank MICR codes for Lohawat branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Rajasthan Co Op Bank Lohawat

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 Lohawat 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 Lohawat branch. MICR code for Lohawat 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 Lohawat is presented in the table alongside.

Use of Rajasthan Co-Operative Bank MICR code for Lohawat branch in jodhpur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Lohawat 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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