Suco Bank Gadag Mundaragi Karnataka MICR CODE

Find MICR Codes for Suco Bank Gadag Mundaragi 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 Mundaragi
Contact 8371-262919
Bank Details Suco Souharda Sahakari Bank Ltd Mundaragi SUSB0000025
Location Gadag, Mundaragi
City Gadag
District Mundaragi
State Karnataka
Pincode 582118
Country IN
Address Sanna basavaraj kalawad complex,ward no.18,tmc no.3132 d/72 & no.3132 d/73,gadag road,mundaragi-582118
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 582836002 for Mundaragi 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 582836002 of Suco Souharda Sahakari Bank Ltd, Mundaragi branch makes the system almost error free and faster. Use of Suco Souharda Sahakari Bank Ltd MICR codes for Mundaragi 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 -

>>Mundaragi

MICR code for Suco Bank Mundaragi

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 Mundaragi 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. 582836002 is the MICR code of Suco Bank for Mundaragi branch. MICR code for Mundaragi 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 Mundaragi is presented in the table alongside.

Use of Suco Souharda Sahakari Bank Ltd MICR code for Mundaragi branch in gadag

The MICR code 582836002 is used in RBI cheque clearing process to identify the branch Mundaragi 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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