Surat District Bank Surat Surat Gujarat MICR CODE

Find MICR Codes for Surat District Bank Surat Surat Gujarat

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MICR Code
Bank The Surat District Co-Operative Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bagumara
Contact
Bank Details The Surat District Co-Operative Bank Ltd Bagumara SDCB0000101
Location Surat, Surat
City Surat
District Surat
State Gujarat
Pincode 394305
Country IN
Address House no 351, shree bagumara seva samaj, nishal faliyu, at and post bagumara, taluka palsana, pin 394305
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 Bagumara 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 Surat District Co Op Bank, Bagumara branch makes the system almost error free and faster. Use of Surat District Co Op Bank MICR codes for Bagumara branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Surat District Bank Bagumara

Surat District Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Surat District Co Op Bank MICR code for Bagumara 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 SUDICO Bank for Bagumara branch. MICR code for Bagumara 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 Surat District Co Op Bank Bagumara is presented in the table alongside.

Use of Surat District Co Op Bank MICR code for Bagumara branch in surat

The MICR code 0 is used in RBI cheque clearing process to identify the branch Bagumara and Surat District Co Op 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 SUDICO Bank is typically in either of these two font’s: E-138 and CMC-7.

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