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 Sunderlal Savji Co Op Bnak Ltd Lonar Br. 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. 443564502 is the MICR code of Saraswat Co Op Bank for Sunderlal Savji Co Op Bnak Ltd Lonar Br. branch. MICR code for Sunderlal Savji Co Op Bnak Ltd Lonar Br. 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 Sunderlal Savji Co Op Bnak Ltd Lonar Br. is presented in the table alongside.
The MICR code 443564502 is used in RBI cheque clearing process to identify the branch Sunderlal Savji Co Op Bnak Ltd Lonar Br. 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.