Saurashtra Gramin Bank Rajkot Lodhika Gujarat MICR CODE

Find MICR Codes for Saurashtra Gramin Bank Rajkot Lodhika Gujarat

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MICR Code	-NA-
Bank	Saurashtra Gramin Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Metoda
Contact	2827-7574808406
Bank Details	Saurashtra Gramin Bank Metoda SGBA0000406

Location	Rajkot, Lodhika
City	Rajkot
District	Lodhika
State	Gujarat
Pincode
Country	IN
Address	Viral avenue, nr canarabank, opp mani mandir, nr kishan gate,

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 Metoda 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 Saurashtra Gramin Bank, Metoda branch makes the system almost error free and faster. Use of Saurashtra Gramin Bank MICR codes for Metoda branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Saurashtra Gramin Bank are available with micr code -

>>Metoda

MICR code for Saurashtra Gramin Bank Metoda

Saurashtra Gramin Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Saurashtra Gramin Bank MICR code for Metoda 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 Saurashtra Gramin Bank for Metoda branch. MICR code for Metoda 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 Saurashtra Gramin Bank Metoda is presented in the table alongside.

Use of Saurashtra Gramin Bank MICR code for Metoda branch in rajkot

The MICR code 0 is used in RBI cheque clearing process to identify the branch Metoda and Saurashtra Gramin 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 Saurashtra Gramin Bank is typically in either of these two font’s: E-138 and CMC-7.

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