Saraswat Bank Bengaluru Bengaluru Karnataka MICR CODE

Find MICR Codes for Saraswat Bank Bengaluru Bengaluru Karnataka

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MICR Code	560275008
Bank	Saraswat Co-Op Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Banashankari Rd Stage
Contact	26729485
Bank Details	Saraswat Co-Op Bank Ltd Banashankari Rd Stage SRCB0NCB008

Location	Bengaluru, Bengaluru
City	Bengaluru
District	Bengaluru
State	Karnataka
Pincode	560085
Country	IN
Address	No.13 and 14,1st cross,1st block,anjaneya nagar,banashankari 3rd stage,bangalore-560085

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 560275008 for Banashankari Rd Stage 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 560275008 of Saraswat Cooperative Bank, Banashankari Rd Stage branch makes the system almost error free and faster. Use of Saraswat Cooperative Bank MICR codes for Banashankari Rd Stage branch, makes the characters readable even if there are other marks and stamps on it.

A total of 13 branches of Saraswat Co-Op Bank Ltd are available with micr code -

>>Agraharadasarahalli >>Banasawadi >>Banashankari 2Nd Stage >>Banashankari Rd Stage >>Electronic City >>Gandhi Bazaar >>Head Office >>Indira Nagar >>Jayanagar >>Koramangala >>Rajarajeshwari Nagar >>Sadashivanagar >>Yeshwanthpur

MICR code for Saraswat Bank Banashankari Rd Stage

Saraswat Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Saraswat Cooperative Bank MICR code for Banashankari Rd Stage 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. 560275008 is the MICR code of Saraswat Co Op Bank for Banashankari Rd Stage branch. MICR code for Banashankari Rd Stage 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 Saraswat Cooperative Bank Banashankari Rd Stage is presented in the table alongside.

Use of Saraswat Cooperative Bank MICR code for Banashankari Rd Stage branch in bengaluru

The MICR code 560275008 is used in RBI cheque clearing process to identify the branch Banashankari Rd Stage and Saraswat Cooperative 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 Saraswat Co Op Bank is typically in either of these two font’s: E-138 and CMC-7.

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