IFSC code for Prime Co-operative Bank, New sardar market branch, Surat, Gujarat
Updated on: Friday, November 1, 2024
IFSC CODE
PMEC0100506
Prime Co-operative Bank
New Sardar Market Branch, Surat, Gujarat
Address
New Sardar Market, Dumbhal, Surat
Prime Co-operative Bank
New Sardar Market Branch, Surat, Gujarat
Address
New Sardar Market, Dumbhal, Surat
Bank Details
IFSC Code
PMEC0100506
MICR Code
395250006
Bank Code
(Based on IFSC)
PMEC
Bank Code
(Based on MICR)
250
Contact
+912612351319
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IFSC Code of Prime Co-operative Bank
Every Prime Co-operative Bank branch in India has a unique Prime Co-operative Bank IFSC Code. Prime Co-operative Bank IFSC Code enables Prime Co-operative Bank account holders to send and receive money electronically. Prime Co-operative Bank IFSC Code is assigned by RBI (Reserve Bank of India) to each branch as it helps in carrying out RTGS and NEFT transactions smoothly.
Benefits of IFSC Code
Unique Identification: IFSC code helps in unique identification of all banks and their respective branches.
Smooth Fund Transfer: IFSC code enables convenient and hassle-free transfer of funds from one bank account to another.
Monitoring Transactions: IFSC code is used by RBI to keep track of all the bank transactions. It lowers the chances of discrepancy.
Format of Prime Co-operative Bank IFSC Code PMEC0100506
The IFSC code of all accounts in the same branch of the bank is standard. It is an 11 digit alphanumeric code.
The first four letters of the code, i.e., PMEC, denotes the name of the bank which is Prime Co-operative Bank.
The fifth character is 0.
The last six digits of the code, i.e., 100506, represents the branch which is Prime Co-operative Bank
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MICR Code of Prime Co-operative Bank
Every Prime Co-operative Bank branch in India has a unique Prime Co-operative Bank MICR Code. MICR code for Prime Co-operative Bank can be found on a cheque leaf and bank passbook. It is a 9 digit code printed on the last line of a cheque leaf. One can also find MICR code on the website of Prime Co-operative Bank. MICR code is used for faster and secure processing of cheques.
Benefits of MICR Code
High Level of Security: The use of magnetic ink ensures MICR characters are readable even if a document is obscured by marks.
Authentication of Docs: MICR code authenticates the originality and legality of paper based docs. in the banking system.
Faster Processing: There is no manual input and hence the processing of MICR information is fast and errors are reduced.
