Surat Peoples Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Surat Peoples Bank Mumbai Mumbai Maharashtra

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MICR Code
Bank Surat Peoples Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Girgone Mumbai
Contact 23874263
Bank Details Surat Peoples Co-Op Bank Ltd Girgone Mumbai SPCB0251031
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode
Country IN
Address 22, tatya gharpure path, girgaon, mumbai
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 400251002 for Girgone Mumbai 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 400251002 of Surat Peoples Co-Op Bank, Girgone Mumbai branch makes the system almost error free and faster. Use of Surat Peoples Co-Op Bank MICR codes for Girgone Mumbai branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Surat Peoples Co-Op Bank Ltd are available with micr code -

>>Girgone Mumbai

MICR code for Surat Peoples Bank Girgone Mumbai

Surat Peoples Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Surat Peoples Co-Op Bank MICR code for Girgone Mumbai 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. 400251002 is the MICR code of SPCBL Bank for Girgone Mumbai branch. MICR code for Girgone Mumbai 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 Peoples Co-Op Bank Girgone Mumbai is presented in the table alongside.

Use of Surat Peoples Co-Op Bank MICR code for Girgone Mumbai branch in mumbai

The MICR code 400251002 is used in RBI cheque clearing process to identify the branch Girgone Mumbai and Surat Peoples 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 SPCBL Bank is typically in either of these two font’s: E-138 and CMC-7.

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