Suco Bank Koppal Gangavathi Karnataka MICR CODE

Find MICR Codes for Suco Bank Koppal Gangavathi Karnataka

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MICR Code
Bank Suco Souharda Sahakari Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Gangavathi Branch
Contact 8533-271673
Bank Details Suco Souharda Sahakari Bank Ltd Gangavathi Branch SUSB0000003
Location Koppal, Gangavathi
City Koppal
District Gangavathi
State Karnataka
Pincode 583227
Country IN
Address Cmc 2-12-96/2-8-116,cbs circle,koppal road,gangavathi-583227
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 583836302 for Gangavathi Branch 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 583836302 of Suco Souharda Sahakari Bank Ltd, Gangavathi Branch branch makes the system almost error free and faster. Use of Suco Souharda Sahakari Bank Ltd MICR codes for Gangavathi Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Suco Souharda Sahakari Bank Ltd are available with micr code -

>>Gangavathi Branch

MICR code for Suco Bank Gangavathi Branch

Suco Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Suco Souharda Sahakari Bank Ltd MICR code for Gangavathi Branch 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. 583836302 is the MICR code of Suco Bank for Gangavathi Branch branch. MICR code for Gangavathi Branch 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 Suco Souharda Sahakari Bank Ltd Gangavathi Branch is presented in the table alongside.

Use of Suco Souharda Sahakari Bank Ltd MICR code for Gangavathi Branch branch in koppal

The MICR code 583836302 is used in RBI cheque clearing process to identify the branch Gangavathi Branch and Suco Souharda Sahakari Bank Ltd 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 Suco Bank is typically in either of these two font’s: E-138 and CMC-7.

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