Suco Bank Raichur Raichur Karnataka MICR CODE

Find MICR Codes for Suco Bank Raichur Raichur 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 Raichur Branch
Contact 8532-232875
Bank Details Suco Souharda Sahakari Bank Ltd Raichur Branch SUSB0000004
Location Raichur, Raichur
City Raichur
District Raichur
State Karnataka
Pincode 584101
Country IN
Address H no 11-8-2,sri gurushantha complex,city talkies road bresthwarpet,raichur-584 101
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 584836002 for Raichur 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 584836002 of Suco Souharda Sahakari Bank Ltd, Raichur Branch branch makes the system almost error free and faster. Use of Suco Souharda Sahakari Bank Ltd MICR codes for Raichur 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 -

>>Raichur Branch

MICR code for Suco Bank Raichur 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 Raichur 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. 584836002 is the MICR code of Suco Bank for Raichur Branch branch. MICR code for Raichur 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 Raichur Branch is presented in the table alongside.

Use of Suco Souharda Sahakari Bank Ltd MICR code for Raichur Branch branch in raichur

The MICR code 584836002 is used in RBI cheque clearing process to identify the branch Raichur 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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