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Date : 04 Jul 2000
Mechanised Cheque Processing Using MICR Technology - Procedural Guidelines (Abridged)

(Updated as on January 31, 2014)

RESERVE BANK OF INDIA
DEPARTMENT OF INFORMATION TECHNOLOGY
CENTRAL OFFICE
MUMBAI - 400 001

CONTENTS

Foreword
Chapters
I. Introduction
II. Mechanised Cheque Processing System - General Guidelines
Annexures
I. Names of the Cities and Banks setting up MICR Cheque Processing Centres
II. Technical Specifications for printing of Standard Cheque Forms and Forms of other Payment Instruments
III. List of Security Printers included in the panel to undertake printing of cheques for banks
IV. Panel of Approved Paper Manufacturers
V. Details of City Codes
VI. List of All India Bank Code Numbers
VII. List of Transaction Code Numbers
VIII. Addresses of MICR Cheque Processing Centres
IX. Detailed guidelines regarding MICR Encoders
X. Special Crossing Stamp
XI. Format of Local Clearing Stamp

FOREWORD

Cheque Clearing represents an important milestone in the development of an efficient payment and settlement system. The introduction of new technologies in recent years has helped to foster such a system all over the world. As a part of such an evolving framework, the entire process of manual processing of cheques underwent a sea-change when mechanised processing of cheques using Magnetic Ink Character Recognition (MICR) technology was for the first time introduced in India in the late eighties at the four major metropolitan cities of Mumbai, Chennai, Delhi and Calcutta. These centres were set up and are managed by the Reserve Bank of India. The success of these MICR based local clearing processing centres has spurred initiatives on the part of commercial banks for setting up of many more MICR based Cheque Processing Centres at commercially important centres of the country with the latest State-of-the-Art technology. Some centres have also got the facility for ‘Imaging’ which enables capturing of the digital images of the cheques.

2. Consistent with its philosophy for standardisation of work procedures across different sites, the Department of Information Technology of the Reserve Bank of India has come out with a booklet furnishing comprehensive procedural guidelines to be followed by the banks and at the Cheque Processing Centres, for operating the Mechanised cheque processing systems using MICR technology. Copies of this booklet, which is published by the undersigned, are available with the Director, (Administration), Division of Reports, Reviews and Publications (Sales Section), Department of Economic Analysis & Policy, Reserve Bank of India, Amar Building (Ground Floor), Sir P.M.Road, Mumbai-400 001 at a Price of Rs.50/- (Rupees fifty only). The Cheques/Drafts should be drawn in favour of ‘ Reserve Bank of India ’, and payable at Mumbai. The booklet has been published with a view to essentially offering to provide useful and practical information for the benefit of the commercial banks. An abridged version of this booklet has now been posted on the RBI Website, as requested by some of the users, who are required to print MICR instruments for issuing to the general public.

Reserve Bank of India

(S. R. Mittal)                 

Central Office,

Chief General Manager-in-Charge

Mumbai 400 001.

Department of Information Technology

27th June 2000.  

CHAPTER I
INTRODUCTION

1.1 One of the important means of efficient funds movement through the organised sector of an economy is the process of clearing of cheques. To facilitate quick processing of cheques and prompt settlement thereof, mechanised cheque processing systems using Magnetic Ink Character Recognition (MICR) technology for cheque clearing was introduced in the mid eighties and has been in operation at the four major metropolitan cities viz., Mumbai, Calcutta, Chennai and New Delhi. Subsequently, 26 centres with substantial cheque volumes were identified and allotted to different public sector banks for managing the Cheque Processing Centres as indicated in Annexure I. Some of these centres have already commenced full scale operations, while others are at various stages of implementation.

1.2 This abridged version of the booklet lays down the procedural guidelines for mechanised cheque processing based on MICR technology to be used by banks managing the MICR Cheque Processing Centres and their participant members.

1.3 These guidelines deal mainly with the operations of the MICR based cheque processing and have to be read with and subject to the Uniform Regulations and Rules for Bankers’ Clearing Houses.

1.4 The term ‘cheque’ in this booklet shall mean and include all types of clearing instruments including cheques, drafts, pay orders, ‘at par’ instruments, etc.


CHAPTER II
MECHANISED CHEQUE PROCESSING SYSTEM -GENERAL GUIDELINES

Standardisation of Cheque Forms

2.1 To facilitate MICR based Cheque Processing, instruments passing through clearing are required to be issued in standard format and defined size of 8” x 3 2/3”. The instruments should be printed on MICR grade quality paper (the specifications of which are given in Annexure II) with a “read band” of 5/8” in width reserved at the bottom on which essential particulars occur in special MICR ink in the E-13B Font. Cheques are printed by approved security printers forming part of a panel which is maintained by the Indian Banks’ Association. The current panels of printers and paper manufacturers are furnished in Annexure III and IV respectively.

MICR Code Line Structure

2.2 The code line occurring in the Read Band is divided into five fields with distinct delimiters separating each field, the details of which are as under:

(i)

Cheque serial number of six numeric digits preceded and followed by a delimiter. The alpha-numeric prefix to the serial number normally used by banks should be printed outside the code line in close proximity, just above the read band, in normal ink.

   

(ii)

Sort field or the city/bank/branch code number consisting of nine digits followed by a delimiter. The first three digits represent the city, the next three indicate the bank and the last three digits signify the branch. The nine digit sort code is unique for any bank branch in the country.

Details of the City Codes are given in Annexure V.

The bank code is a three digit code number allotted to the bank on an all-India basis. A list of 3 digit bank code numbers allotted to banks alongwith the three letter abbreviation (alpha code) to the respective bank is furnished in Annexure VI. Allottment of bank codes is centralised at the office of the Chief General Manager in-Charge, Department of Information Technology, Reserve Bank of India, Central Office, Shahid Bhagat Singh Marg, Mumbai-400001.{Fax No.(022)2691557} and applications have to be routed through the President of the respective clearing house of which the bank is a direct member. Sub-members are required to present and receive the clearing instruments through a Sponsor Bank who is a (direct) member of the Clearing House.

The branch code is the last three digits of the nine digit sort code and is unique to a branch in a city. Allotment of branch codes is by the President of the Clearing House of which the bank is a member; generally the service branch of a bank is allotted the branch code of ‘001’.

A sub-member will be treated as if it were a branch of the sponsoring bank. It would have the bank code number allotted to the sponsor bank to be followed by the branch code which would normally commence from 251.

A full list of nine digit code number allotted to each bank/branch along with the three letter alphabetical abbreviations for the clearing stamp could be obtained from the President of the concerned Clearing House.

   

(iii)

Account number field, consisting of six digits followed by a delimiter, is an optional field. In the case of Government Cheques issued by RBI alone, the account number is of seven digits. The Government Account number is 10 digits in length – 7 digits occurring in the Account number field and three in the transaction code field.

   

(iv)

Transaction code field comprising of two digits in all instruments except Government cheques drawn on RBI which have a 3 digit transaction code. Control documents – batch and block tickets - have a three digit representation in the transaction code field. A full list of transaction codes and their representation is furnished in Annexure VII.

   

(v)

The last field represents the amount field and consists of 13 digits bounded on both sides by a delimiter. The amount is encoded in paise without the decimal point.

Issue of MICR Cheque Books

2.3 Each member bank should ensure that the cheque books issued by its branches to account holders are in the MICR format. Before bulk printing the cheque books for the first time, adequate number of specimen cheque leaves could be forwarded to the nearest MICR Cheque Processing Centre (addresses of the centres have been furnished in Annexure VIII) for being tested with reference to the quality of MICR paper / printing, on the reader/sorter.

2.4 Corporate customers or other account holders like Central or State Government Departments, who print their cheques which are drawn on the branches of member banks should be individually advised to print the cheque leaves in the MICR format with pre-printed MICR code line. Specimen cheque forms / ‘at par’ items etc. could, if desired, be tested at the nearest MICR processing centre before bulk orders are executed. This applies to Continuous Stationery cheques as well. In case of non-testing and consequent high reject rates on pre-printed field, penalties may be levied on the drawee bank.

Non-Standard Instruments to be Standardised

2.5 Constituents of banks including Central and State Government offices who issue instruments like income tax/sales tax refund orders, Government Pay Orders, etc. should be advised, by the banks on which such instruments are drawn, to make arrangements to issue the instruments in the standard MICR format to facilitate processing them on Reader/Sorters. Non-standard instruments may not form part of the cheque clearing.

MICR CHEQUE PROCESSING EQUIPMENTS

2.6 The following are the MICR cheque processing equipments:

(i) MICR Document Encoder

The encoder is a table top machine which can print the coded particulars of cheques and other payment instruments in magnetic ink on the 5/8” read band at specified position. The conventional encoder has a keyboard and a programmable journal printer (i.e. lister). It endorses on the reverse of the instrument a fixed or variable stamp. The encoder has the facility to proof the pay-in-slip amount or control totals simultaneously by marking off successive amounts of encoded cheques thus arriving at a zero balance when all the cheques are encoded and bringing out discrepancies, if any, in the totals or errors during encoding. The figures are cumulated to enable encoding of the control documents viz., Batch and Block tickets. The encoders are also programmed to simultaneously affix/print the Clearing Endorsement Stamp on the reverse of the instrument, in the format prescribed. Encoders with compatibility to PCs are available, as also are power encoding machines and encoders with limited sorting facilities. Encoding work could either be decentralised at branches or centralised at the Service branch depending on the logistic in the bank. Clustering of encoding work at some branches to take care of smaller branches in the vicinity is another option available. Detailed guidelines on the availability of different types of MICR encoders and steps to be taken by member banks in setting up the MICR cheque encoding facilities in their Service Branch/Main Clearing Department are given in Annexure IX.

(ii) Reader Sorter

A Reader/Sorter is a device that reads the MICR encoded documents and sorts (direct) them to one of the many pockets as per the pre-determined sort pattern/programme. Most reader/sorters can operate on off-line mode as well as on-line with a host computer. Documents are fed automatically from an input hopper, which can handle documents of various sizes simultaneously. The documents travel past an electronic field which magnetises the characters and symbols in the MICR read band and generates distinct wave patterns intelligible to the machine. The physical sorting of cheques on the machine is carried out under the control of a computer program. This sort program, while directing the documents to the designated pockets, simultaneously captures and stores the information in the MICR code line on the cheques. The information captured from the documents is simultaneously stored on disk/tape, etc. and used for further processing. In case certain information is not read due to defective printing, encoding, etc., the cheque is directed to a ‘Reject’ pocket along with the control documents. These are taken out and the missing information is completed by manually keying in the data.

(iii) Image Capture

Image capture and image processing technology is a recent development in document processing by which the image of a payment instrument is captured simultaneously when it is processed on reader/sorters by adding an image capture module and related software. The images so captured are stored on magnetic media for retrieval and processing. The images can be displayed on a screen and copies can be printed. It is also possible to transfer the image data to banks through magnetic media or through the communication backbone. The availability of image files enhances the processing quality and speeds up reject recapture, balancing, etc. The stored images could also be retrieved at a later date to facilitate quick reconciliation of clearing differences.

ENDORSEMENTS ON CHEQUES

Special Crossing Stamp

2.7 All cheques received for collection over the bank’s counters are required to be branded with the bank’s special crossing stamp. The suggested dimension and the position of the Special Crossing Stamp are given in Annexure X.

Other Endorsements

2.8 Apart from the endorsements which are already made on the cheque when the customer has deposited the cheque for realisation, there are two categories of endorsements/stamping which are made by the collecting bank during the cheque processing – the Clearing stamp and the bank’s certification or confirmation of various endorsements on the cheque and an undertaking to the effect that the proceeds will be credited to the payee’s account on realisation.

Clearing Stamp

2.9 The clearing stamp indicates particulars regarding the name of the presenting bank/branch (alpha codes), date of presentation and the type of clearing. Encoding machines are programmed to affix the clearing stamp on the reverse of the cheque simultaneously while encoding the amount. Format of the clearing stamp (local clearing) is given in Annexure XI.

Confirmation of Endorsements

2.10 As regards the confirmation/certification of endorsements, the attention of member banks is invited to the Uniform Regulations and Rules of the Clearing Houses providing that once the clearing stamp is affixed, it could be presumed that the collecting bank confirms the previous endorsements and undertakes to credit the party’s account on realisation and no specific endorsement/certificate of confirmation to this effect on the instrument.

3. Detailed Clearing Procedure to be followed by banks and the MICR Cheque Processing Centres.

3.1 Detailed procedures for Handling Clearing Cheques and Inward Clearing by banks / their branches and for carrying out the operations at the MICR Cheque Processing Centre, have been narrated in the booklet referred to in the “Forward” of this abridged version.


ANNEXURE I

Names of Cities and Banks Setting up MICR Centres

Sr. No.

NAME OF CENTRE

NAME OF THE DESIGNATED BANK

WHETHER MICR CLEARING IS
OPERATIONALISED

1

AHMEDABAD

BANK OF BARODA

YES

2

AMRITSAR

ORIENTAL BANK OF COMMERCE

YES

3

AGRA

PUNJAB NATIONAL BANK

NO

4

BANGALORE

CANARA BANK

YES

5

BARODA

STATE BANK OF INDIA

YES

6

BHOPAL

CENTRAL BANK OF INDIA

YES

7

BHUBANESWAR

RESERVE BANK OF INDIA

NO

8

CHANDIGARH

PUNJAB NATIONAL BANK

NO

9

COIMBATORE

BANK OF BARODA

YES

10

GUWAHATI

RESERVE BANK OF INDIA

NO

11

HYDERABAD

BANK OF INDIA

YES

12

INDORE

STATE BANKOF INDORE

YES

13

JAIPUR

PUNJAB NATIONAL BANK

YES

14

JULLANDHAR

PUNJAB NATIONAL BANK

NO

15

KANPUR

PUNJAB NATIONAL BANK

YES

16

KOCHI

STATE BANK OF INDIA

NO

17

LUCKNOW

PUNJAB NATIONAL BANK

NO

18

LUDHIANA

PUNJAB NATIONAL BANK

NO

19

MADURAI

CANARA BANK

NO

20

MANGALORE

CORPORATION BANK

NO

21

NAGPUR

PUNJAB NATIONAL BANK

YES

22

PUNE

UNION BANK OF INDIA

YES

23

PATNA

STATE BANK OF INDIA

NO

24

SURAT

STATE BANK OF INDIA

NO

25

THIRUVANANTHAPURAM

CANARA BANK

NO

26

VARANASI

UNION BANK OF INDIA

NO


ANNEXURE II

Technical Specifications for Printing of Standard
Cheque Forms and Forms of other Payment Instruments

Part I -Specifications for cheque paper

A. General

1. Paper to be supplied should be flat and without curl.

2. To be free from dust/fluff/pinholes/specks and metallic inclusions.

3. To be printed on the smoother (felt) side.

4. To be smooth and free from embossment or heavy engraving.

5. Moisture content : 4 - 6%

6. The paper supplied by the paper manufactures should be exactly “square” cut so that no further trimming is required to be done by the printers to make it square.

7. Continuous light band watermark to be incorporated in the security paper in such a fashion that it shall not appear in the 5/8” clear band on each cheque.

B. Sensitized security cheque paper

(i)

Basic Weight

95 g.s.m. + 5%

(ii)

Thickness

Nominal thickness of 110 Micro Metre.

+ 5% )

(iii)

Smoothness Bendtsen

Both sides

Not greater than 160 c.c. per min.

(iv)

Stiffness
Taber

Clerk


Cross Direction
Machine Direction
Cross Direction
Machine Direction


1.2 minimum
3.0 minimum
60 minimum
150 minimum

(v)

Porosity Gurley

25 Secs. per 100 c.c. minimum

(vi)

Tear Elmendroff

Both Directions

80 gms. minimum

(vii)

Brightness

70-75

(viii)

Shade

Standard shade.

Other properties including security features will be normal for this grade of paper.

C. Supply of paper

It would be the responsibility of the banks to supply paper to printers.A panel of approved paper manufacturers from whom the supply could be obtained is furnished in Annexure IV.

Part II -Printing Specifications

1. Size

The instruments should be in uniform size of 8” x 3 2/3”.

2. Counterfoils for cheques.

Banks have decided that the cheque forms will be issued to customers without counterfoils. To enable the customers to maintain a record of the cheques issued by them either blank slips of ordinary paper with printed columns may be provided along with the cheques for recording the particulars or provision be made on inside covers. Banks should ensure that the slips provided have sufficient space for the customer to record the particulars of cheques issued as well as deposits made and the balance in the account.

3. Cheque Design

Each bank may have its own design, background printing, logo, etc.

4. Cheque format

In order to bring uniformity in the cheques and draft forms, their formats have been standardized.

5. Cheques to be issued in loose leaf form/book form.

Whether the cheques/drafts should be printed in loose leaf form (shrink packed) or in book form, will be advised by banks to printers. If they are to be printed in book form, banks may advise the printers the binding margin to be kept along side perforation. The perforation should be deep to enable the customer to tear off the cheque leaf without difficulty.

6. Colour of ink for printing MICR code line

It is preferable to use black magnetic ink for the MICR code line.

7. Security paper printing & storage

The bank should, by inspection, verify whether the printers have taken adequate steps in this regard.

8. A panel of printers from whom the cheques could be printed may be obtained from Indian Banks’ Association or their website may be referred for the purpose.


ANNXURE III

List of Security Printers included in the panel to undertake printing of cheques for banks

The empanelment of security printers which was being carried out by Reserve Bank of India has been entrusted to Indian Banks’ Association (IBA) since the year 1997. Information on the matter may be obtained from Indian Banks‘ Association or their website may be referred for the purpose


ANNEXURE IV

Panel of approved Paper Manufacturers

The empanelment of paper manufacturers which was being carried out by RBI has been entrusted to Indian Banks’ Association (IBA) since the year 1997. Information on the matter may be obtained from Indian Banks‘ Association or their website may be referred for the purpose


ANNEXURE V

DETAILS OF MICR CITY CODES

Sr No.

City

City Code

1.

Agra

282

2.

Ahmedabad

380

3.

Amritsar

143

4.

Bangalore

560

5.

Bhopal

462

6.

Bhubaneswar

751

7.

Calcutta

700

8.

Chandigarh

160

9.

Chennai

600

10.

Coimbator

641

11.

Guwahati

781

12.

Hyderabad

500

13.

Indore

452

14.

Jaipur

302

15.

Jullundhar

144

16.

Kanpur

208

17.

Kochi

682

18.

Lucknow

226

19.

Ludhiana

141

20.

Madurai

625

21.

Mangalore

575

22.

Mumbai

400

23.

Nagpur

440

24.

New Delhi

110

25.

Patna

800

26.

Pune

411

27.

Surat

395

28.

Thiruvananthapuram

695

29.

Vadodara

390

30.

Varanasi

221


ANNEXURE VI

LIST OF ALL INDIA BANK CODE NUMBERS

BANK
CODE
NO.

NAME OF THE BANK

ALPHA CODE

001

RESERVE BANK OF INDIA

(RBI)

002

STATE BANK OF INDIA

(SBI)

003

STATE BANK OF BIKANER & JAIPUR

(SBJ)

004

STATE BANK OF HYDERABAD

(SBH)

005

STATE BANK OF INDORE

(SBN)

006

STATE BANK OF MYSORE

(SBM)

007

STATE BANK OF PATIALA

(SBP)

008

STATE BANK OF SAURASHTRA

(SBS)

009

STATE BANK OF TRAVANCORE

(SBT)

010

ALLAHABAD BANK

(ALB)

011

ANDHRA BANK

(ANB)

012

BANK OF BARODA

(BOB)

013

BANK OF INDIA

(BOI)

014

BANK OF MAHARASHTRA

(BOM)

015

CANARA BANK

(CAB)

016

CENTRAL BANK OF INDIA

(CBI)

017

CORPORATION BANK

(COB)

018

DENA BANK

(DEB)

019

INDIAN BANK

(INB)

020

INDIAN OVERSEAS BANK

(IOB)

022

ORIENTAL BANK OF COMMERCE

(OBC)

023

PUNJAB AND SIND BANK

(PSB)

024

PUNJAB NATIONAL BANK

(PNB)

025

SYNDICATE BANK

(SYB)

026

UNION BANK OF INDIA

(UBI)

027

UNITED BANK OF INDIA

(UNI)

028

UCO BANK

(UCO)

029

VIJAYA BANK

(VJB)

030

ALGEMENE BANK NEDERLANd

(ABN)

031

AMERICAN EXPRESS BANK LTD.

(AMX)

032

BANK OF AMERICA

(BOA)

033

BANK OF TOKYO LTD.

(BOT)

034

BANQUE NATIONALE DE PARIS

(BNP)

035

BRITISH BANK OF MIDDLE EAST

(BBM)

036

STANDARD CHARTERED BANK

(CHB)

037

CITI BANK

(CIT)

038

GRINDLAYS BANK

(GRN)

039

HONGKONG SHANGHAI BKG.CORP.

(HON)

040

MITSUI BANK LTD.

(MIT)

041

BANK OF MADURA LTD.

(MDR)

043

BANK OF RAJASTHAN LTD.

(BOR)

044

BHARAT OVERSEAS BANK LTD.

(BHB)

046

BANK OF THANJAVUR LTD.

(BTH)

047

CATHOLIC SYRIAN BANK LTD.

(CSB)

048

DHANALAKSHMI BANK LTD.

(DBL)

049

FEDRAL BANK LTD.

(FBL)

051

JAMMU AND KASHMIR BANK LTd

(JKB)

052

KARNATAKA BANK LTd

(KBL)

053

KARUR VYSYA BANK LTD.

(KVB)

054

KUMBAKONAM CITY UNION BANK LTD.

(KCU)

056

LAKSHMI VILAS BANK LTD.

(LVB)

057

NEDUNGADI BANK LTD.

(NBL)

058

SANGLI BANK LTD.

(SAN)

059

SOUTH INDIAN BANK LTD.

(SIB)

060

TAMILNADU MERCANTILE BANK LTD.

(TMB)

062

UNITED INDUSTRIAL BANK LTd

(UIB)

063

UNITED WESTERN BANK LTD.

(UWB)

064

VYSYA BANK LTD.

(VBL)

065

ABHYUDAYA CO-OP.BANK LTD., MUMBAI

(ACB)

066

AHMEDABAD MERCANTILE CO-OP. BANK LTD.

(AMC)

067

ALEN CO-OP.BANK LTD., MUMBAI

(ALC)

068

MUMBAI DIST.CENTRAL CO-OP BANK LTD.

(MDC)

069

MUMBAI MERCANTILE CO-OP BANK LTD.

(BMC)

070

CO-OP BANK OF AHMEDABAd

(CBA)

071

DECAN MERCHANTS CO-OP BANK LTD.

(DMC)

072

DEVELOPMENT CO-OP. BANK LTD., MUMBAI

(DCB)

073

JAIN SAHAKARI BANK LTD., MUMBAI

(JNB)

074

JANATA SAH. BANK LTD.,,MUMBAI

(JSB)

075

KONKAN MERCANTILE CO-OP. BANK LTD., MUMBAI

(KMC)

076

KAPOLE CO-OP BANK LTD., MUMBAI

(KCB)

077

KURLA NAGARIK SAH. BANK LTD., MUMBAI

(KNS)

078

MADHAVPURA MERC.CO-OP BANK LTD., BOMBAY

(MMC)

079

THE MALAD SAHAKARI BANK LTD., MUMBAI

(MSB)

080

MANDVI CO-OP BANK LTD., MUMBAI

(MCB)

081

METROPOLITAN CO-OP BANK LTD., MUMBAI

(MTC)

082

MAHARASHTRA STATE CO-OP BANK LTD., MUMBAI.

(MSC)

083

MEMON CO-OP BANK LTD., MUMBAI

(MMN)

084

MOGAVEERA CO-OP BANK LTD., MUMBAI

(MGB)

085

NEW INDIA CO-OP BANK LTD., MUMBAI

(NIC)

086

N.K.G.S.B.CO-OP BANK LTD., MUMBAI

(NKC)

087

SAHYADRI SAH. BANK LTD., MUMBAI

(SHC)

088

SARASWAT BANK LTD., MUMBAI

(SRC)

089

SHAMRAO VITHAL CO-OP BANK LTD., MUMBAI.

(SVC)

090

SWASTIK JANATA SAH. BANK LTD., MUMBAI

(SJC)

091

TAMILNADU STATE CO-OP BANK LTD.

(TSC)

092

MADRAS CENTRAL CO-OP BANK LTD.

(MCC)

093

WEST BENGAL STATE CO-OP BANK LTD.

(WBC)

094

DELHI STATE CO-OP BANK LTD.

(DSC)

095

GREATER MUMBAI CO-OP BANK LTD.

(GBC)

096

AHMEDNAGAR SAHAKARI BANK LTD., MUMBAI

(ANS)

098

APNA SAHAKARI BANK LTD.

(APN)

099

SONALI BANK LTD.

(SON)

100

PURBANCHAL BANK LTD.

(PBB)

101

BANTRA CO-OP BANK LTD.

(BCB)

102

PUNJAB CO-OP BANK LTD.

(PCO)

103

LILUAH CO-OP BANK LTD.

(LLC)

104

THANE PEOPLES CO-OP BANK LTD., MUMBAI

(TPC)

105

JANAKALYAN SAHAKARI BANK LTD., MUMBAI

(JKS)

106

THE MARATHA MANDIR CO-OP BANK LTD., MUMBAI

(MAR)

107

THE SATARA SAHAKARI BANK LTD., MUMBAI

(SSB)

108

THE SAFE CO-OP BANK LTD., MUMBAI

(SCO)

109

THANE JANATA SAHAKARI BANK LTD., MUMBAI.

(TJS)

110

THE MUNICIPAL CO-OP BANK LTD., MUMBAI

(MLB)

111

GENERAL POST OFFICE

(GPO)

112

THE BHARAT CO-OP BANK LTD.

(BHR)

113

GUWAHATI CO-OP URBAN BANK LTD.

(GCU)

114

INDUSTRIAL CO-OP BANK LTD.

(ICO)

115

CITY CO-OP BANK LTD., GUWAHATI`

(CCB)

116

PRAGJYOTISH GAONLYA BANK LTD.

(PJG)

117

ASSAM CO-OP APEX BANK LTD.

(ACA)

118

AHMEDABAD DIST. CO-OP BANK LTD.

(ADC)

120

AHMEDABAD PEOPLES CO-OP BANK LTD.

(APC)

122

GENERAL CO-OP BANK LTD.

(GCB)

123

GUJRATH INDUSTRIAL CO-OP BANK LTD.

(GIC)

124

GUJRATH STATE CO-OP BANK LTD.

(GSC)

125

HARISIDDH CO-OP BANK LTD.

(HSC)

126

KALUPUR COMMERCIAL CO-OP BANK LTD.

(KCC)

127

MANEKCHOWK CO-OP BANK LTD.

(MAN)

128

NUTAN NAGARIK SAHAKARI BANK LTD

(NNS)

129

SHRI LAXMI CO-OP BANK LTD.

(SLC)

130

SOCIAL CO-OP BANK LTD.

(SOC)

131

TEXTILE TRADERS CO-OP BANK LTD.

(TTC)

132

VIJAY CO-OP BANK LTD.

(VCO)

133

AHMEDABAD URBAN CO-OP BANK LTD.

(AUC)

134

BAGYODAYA CO-OP BANK LTD.

(BYC)

135

SARANGPURA CO-OP BANK LTD.

(SGP)

136

UNION CO-OP BANK LTD.

(UBC)

137

CITI CO-OP BANK LTD,AHMEDABAD (CCC)

 

138

COLOUR MERCHANTS CO-OP BANK LTD.

(CMC)

139

NAVNIRMAN CO-OP BANK LTD.

(NVN)

140

PRAGATI CO-OP BANK LTD.

(PRG)

141

PROGRESSIVE MERC.CO-OP BANK LTD.

(PGM)

142

ANDHRAPRADESH MAHESH CO-OP URBAN BANK LTD.

(APM)

143

ANDHRA PRADESH STATE CO-OP BANK LTD.

(APS)

144

HYDERABAD DIST. CO-OP CENTRAL BANK LTD.

(HDC)

145

VASAVI CO-OP URBAN BANK LTD.

(VCU)

146

KARNATAKA STATE CO-OP APEX BANK LTD.

(KSA)

147

MADHUPURA MERC.CO-OP BANK LTD.

(MDP)

148

BANK OF CR. & COMM. INTERNL.(OVERSEAS)LTD., MUMBAI

(CCI)

149

PATAN CO-OP BANK LTD. MUMBAI

(PCB)

150

BANK OF BAHRAIN & KUWAIT BSC., MUMBAI

(BBK)

151

BANQUE INDOSUEZ, BOMBAY

(BIS)

152

ANYONYA SAH. MANDALI CO-OP BANK LTD.

(ASM)

153

BARODA CENTRAL CO-OP BANK LTD

(BAR)

154

BARODA TRADERS CO-OP BANK LTD.

(BTC)

155

BARODA PEOPLES CO-OP BANK LTD.

(BPC)

156

BARODA CITY CO-OP BANK LTD.

(BCC)

157

CO-OPERATIVE BANK BARODA LTD.

(CBB)

158

GUJRATH INDUSTRIAL CO-OP BANK LTD.

(GIC)

159

MAKARPURA INDL.EST.CO-OP BANK LTD.

(MIE)

160

VARDHAMAN SAH. BANK LTD.

(VSB)

161

VEPAR VIKAS CO-OP BANK LTD.

(VVC)

162

BARODA DIST. INDL.CO-OP BANK LTD.

(BDI)

163

PATNI CO-OP BANK LTD.

(PAT)

164

COSMOS CO-OP BANK LTD.

(CMS)

165

THE MUSLIM CO-OP BANK LTD.

(MSL)

167

PUNE MERCHANTS CO-OP BANK LTD

(PNC)

168

PUNE PEOPLES CO-OP BANK LTD.

(PNP)

169

RUPEE CO-OP BANK LTD.

(RPC)

170

SHREE SUVARNA SAH. BANK LTD.

(SSV)

171

VIDYA SAH. BANK LTD,PUNE

(VID)

172

PUNE HEAD POST OFFICE

(PHP)

173

POONA CONTRACTOR CO-OP BANK LTD.

(PCC)

174

PUNE ZILLA MADHYA. SAH. BANK MARYADIT

(PZM)

175

MAHESH SAH. BANK LTD.

(MHS)

176

RATNAKAR BANK LTD.

(RTN)

177

KERALA STATE CO-OP BANK LTD

(KRL)

178

LORD KRISHNA BANK LTD.

(LKR)

179

PARUR CENTRAL BANK LTD.

(PRR)

180

TRIVANDRUM DIST. CO-OP BANK LTD.

(TVD)

181

NAGPUR URBAN CO-OP BANK LTD.

(NGP)

182

SHIKSHAK SAH. BANK LTD.

(SKK)

183

NAGPUR NAG. SAH. BANK LTD.

(NNR)

184

NAINITAL BANK LTD.

(NNT)

185

U.P. CO-OP BANK LTD.

(UPC)

186

BENARAS STATE BANK LTD.

(BNS)

187

BAREILLY CORPORATION BANK LTD.

(BRC)

189

JAIPUR CENTRAL BANK LTD.

(JCC)

190

RAJASTHAN STATE CO-OP BANK LTD.

(RJS)

191

RAJASTHAN STATE INDL. CO-OP BANK LTD.

(RSI)

192

URBAN CO-OP BANK LTD.

(URB)

193

PRUDENTIAL CO-OP URBAN BANK LTD

(PUB)

194

AMANATH CO-OP BANK LTD.

(ACL)

195

THE VAISH CO-OP NEW BANK LTD.

(VNB)

196

DELHI NAGARIK SAH. BANK LTD.

(DNB)

197

GRAIN MERCHANTS CO-OP BANK LTD.

(GMC)

198

TRIVANDRUM CO-OP URBAN BANK LTD.

(TCU)

199

CHITANAVISPURA FRIENDS CO-OP BANK LTD.

(CFC)

200

DEUTSCHE BANK

(DTB)

201

SHREE MAHALAXMI MER. CO-OP BANK LTD.

(SMM)

202

PRAGATI SAHAKARI BANK LTD.

(PGB)

203

NUTAN SAHAKARI BANK LTD.

(NSB)

204

UNNATI CO-OP BANK LTD.

(UCB)

205

MASHREQ BANK PSC

(MSQ)

206

NAGPUR DIST. CENTRAL CO-OP BANK LTD.

(NDB)

207

SADHANA SAHAKARI BANK LTD.

(SAB)

208

VAISH CO-OP ADARSH BANK LTD.

(VAB)

209

CITIZEN CO-OP BANK LTD.

(CZC)

210

OMAN INTERNATIONAL BANK SAOG

(OIB)

211

UTI BANK LTD.

(UTI)

212

SANWA BANK LTD.

(SBL)

213

BIHAR STATE CO-OP BANK LTD.

(BSC)

214

MAHILA UTKARSHA NAGRIK SAH. BANK LTD.

(MUB)

215

SARASPUR NAGRIK SAH. BANK

(SNB)

216

SABARMATI CO-OPERATIVE BANK LTD.

(SCL)

217

RAJKOT NAGRIK SAH. BANK LTD.

(RNB)

218

ORISSA STATE CO-OPERATIVE BANK LTD.

(OSB)

219

PURI GRAMYA BANK

(PUG)

220

URBAN CO-OP BANK LTD.

(UCP)

221

UTKAL CO-OP BANKING SOCIETY

(UBS)

222

A.P. VARDHAMAN (MAHILA) CO-OP BANK LTD.

(APV)

223

CHARMINAR CO-OP BANK

(CCP)

225

BANGALORE CITY CO-OP BANK LTD.

(BCO)

226

APEX BANK

(AXB)

227

MALLESWARAN CO-OP BANK

(MCO)

228

KARNATAKA INDUSTRIAL CO-OP BANK LTD.

(KIB)

229

I.C.I.C.I. BANKING CORPORATION LTD.

(ICI)

230

GLOBAL TRUST BANK LTD.

(GTB)

231

CREDIT LYONNAIS

(CLN)

232

THE SINDH MERCANTILE CO-OP BANK LTD.

(SMC)

233

CENTURION BANK LTD.

(CBL)

234

INDUS-IND BANK LTD.

(IDS)

235

DOMBIVLI NAG. SAH. BANK LTD.

(DSB)

236

VISNAGAR NAGRIK SAH. BANK LTD.

(VNS)

237

BANK OF PUNJAB LTD.

(BOP)

238

BASSEIN CATHOLIC CO-OP BANK LTD.

(BCL)

239

THE BANK OF NOVA SCOTIA

(NST)

240

HDFC BANK LTD.

(HDF)

241

DIAMOND JUBILEE CO-OP BANK LTD.

(DJC)

242

PANCHSHEEL MERCANTILE CO-OP BANK LTD.

(PMC)

243

THE RANDER PEOPLES CO-OP BANK LTD.

(RCB)

244

SURAT DISTRICT CO-OP BANK LTD.

(SDC)

245

SURAT MERCANTILE CO-OP BANK LTD.

(SMB)

246

SURAT NATIONAL CO-OP BANK LTD.

(SNC)

247

SURAT NAGRIK SAHAKARI BANK LTD.

(SNS)

248

SURAT TEXTILE TRADERS CO-OP BANK LTD.

(STT)

249

SARVODAYA SAHAKARI BANK LTD.

(SSL)

250

PRIME CO-OP BANK LTD.

(PCL)

251

SURAT PEOPLES CO-OP BANK LTD.

(SPC)

252

NAGPUR MAHILA NAG. SAH. BANK LTD.

(NMN)

253

TIMES BANK LTD.

(TBL)

254

SURAT MAHILA NAG. SAH. BANK LTD.

(SMN)

255

INDRAPRASTHA SAH. BANK LTD.

(ISB)

256

SARDAR VALLABHBHAI SAHAKARI BANK LTD.

(SVS)

257

JANASEVA SAHAKARI BANK LTD,PUNE

(JBL)

258

SIDDI CO-OP BANK LTD, AHMEDABAD

(SOB)

259

IDBI BANK LTD.

(IDB)

260

THE TEXTILE CO-OP BANK LTD.

(TCB)

261

SHRI M. VISVESVASRAYA CO-OP BANK LTD.

(MVC)

262

DEEPAK SAHAKARI BANK LTD.

(DES)

263

THE MYSORE SILK CLOTH MERCANTS CO-OP BANK LTD.

(MCM)

264

VEERASHAIVA CO-OP BANK LTD.

(VAL)

265

HANUMANTHANAGAR CO-OP BANK LTD.

(HCB)

266

RAJAJINAGAR CO-OP BANK LTD.

(RJB)

267

MAHILA CO-OP BANK LTD.

(MBL)

269

ABU DHABI COMMERCIAL BANK LTD.

(ABC)

270

SURYAPUR CO-OP BANK LTD., SURAT

(SCB)

271

THE TEXTILE CO-OP BANK OF SURAT LTD

(TCS)

272

BHAGINI NIVEDITA SHA.BANK MARYADIT, PUNE

(BSB)

273

SIKKIM BANK LTD.

(SKB)

274

THE BHARAT CO-OP BANK LTD., BANGLORE

(BHC)

275

THE NATIONAL CO-OP BANK LTD., BANGLORE

(NCB)

276

SOCIETE GENERALE

(SOG)

277

HINDU NAG.SAH.BANK LTD., INDORE

(HNS)

278

INDORE CLOTH MARKET CO-OP BANK LTD,, INDORE

(ICM)

279

INDORE PARASPARA SAH. BANK LTD., INDORE

(IPS)

280

INDORE PREMIER CO-OP BANK LTD., INDORE

(IPC)

281

M.P.RAJYA SAH.BANK LTD., INDORE

(MPB)

282

MAHARASHTRA BRAHMAN SAH.BANK LTD., INDORE

(MBS)

283

NAGRIK SAH. BANK LTD., INDORE

(NSI)

284

PARASPARA SAHAYAK CO-OP BANK LTD., INDORE

(PSC)

285

SHUBH-LAXMI MAHILA CO-OP BANK LTD., INDORE

(SLM)

286

TRANSPORT CO-OP BANK LTD., INDORE

(TCL)

287

VYAPARIK AUDHYOGIK SAH.BANK LTD., INDORE

(VAS)

288

RESERVE BANK EMPLOYEES CO-OP BANK LTD., BANGLORE

(RBC)

289

THE VARACHHA CO-OP BANK LTD., SURAT

(VCB)

290

THE UDHANA CITIZEN CO-OP BANK LTD., SURAT

(UCC)

291

THE SHIVAJI-NAGAR CO-OP BANK LTD., PUNE

(SHB)

292

SRI BHAGAVTI CO-OP BANK LTD., MANGALORE

(BBL)

293

MAHALAKSHMI CO-OP BANK LTD., UDIPI

(MHC)

294

SRI GOKARNANATH CO-OP BANK LTD., MANGALORE

(SGC)

295

THE MANGALORE CO-OP TOWN BANK LTD., MANGALORE

(MCT)

296

JULLUNDER CENTRAL CO-OP BANK LTD., JULLUNDER

(JCB)

297

CITIZEN URBAN CO-OP BANK LTD., JULLUNDER

(CUB)

298

THE SOUTH CANARA DIST.CENTRAL CO-OP BANK LTD., MANGALORE

(SCC)

299

DISTRICT CO-OP BANK LTD., VARANASI

(DCO)

300

NAGARIA SAHAKARI BANK LTD., VARANASI

(NAG)

301

MANGALORE CATHOLIC CO-OP BANK LTD., MANGALORE

(MCL)

302

NARODA NAGRIK CO-OP BANK LTD., NARODA,AHMEDABAD

(NNC)

303

KANKARIA MANINAGAR NAG.SAH.BANK LTD., AHMEDABAD-8

(KMN)

304

KANGRA CO-OP BANK LTD.

(KAN)

305

KHATRI CO-OP URBAN BANK LTD.

(KHB)

306

MADURAI DISTRICT CENTRAL CO-OP BANK LTD., MADURAI

(MDB)

307

PUNE URBAN CO-OP BANK LTD.

(PUC)

308

JHARNESHWAR NAG.SAH.BANK MYDT.,BHOPAL

(JNS)

309

BHOPAL CO-OP CENTRAL BANK LTD., BHOPAL

(BHO)

310

SADGURU NAG.SAH.BANK MYDT., BHOPAL

(SAD)

311

HIMACHAL PRADESH STATE CO-OP BANK LTD.

(HPB)

312

PARSIK JANATA SAH.BANK LTD., KALWA-THANE

(PJS)

313

MEHSANA URBAN CO-OP BANK LTD., AHMEDABAD

(MUC)

314

THE CITY CO-OP BANK LTD., MUMBAI

(TCC)

315

SHRI CHHANI NAG. SAH BANK LTD., BARODA

(SCN)

316

SHRI KRISHNA SAH. BANK LTD., BARODA

(SKS)

317

BARODA MERCANTILE CO-OP BANK LTD.

(BMB)

318

COMMERCIAL CO-OP BANK LTD.

(CCO)

319

SANKHEDA NAG.SAH. BANK LTD.

(SNL)

320

MAHESANA SAMAJ CO-OP BANK LTD.

(MBN)

321

SHRI SWAMINARAYAN CO-OP BANK LTD.

(SSC)

322

ALAVI CO-OP BANK LTD.

(ABL)

323

UMA CO-OP BANK LTD.

(UMB)

324

DABHOI NAG.SAH.BANK LTD.

(DNS)

325

SULAIMANI CO-OP BANKING SOCIETY LTD.

(SLB)

326

SHREE CO-OP BANK LTD.

(SRB)

327

MADURA SOURASHTRA CO-OP BANK LTD.,.MADURAI

(MSO)

328

PUNJAB AND MAHARASHTRA CO-OP BANK LTD., MUMBAI

(PMB)

329

JAIN CO-OP BANK LTD., NEW DELHI

(JCL)

330

AKOLA URBAN CO-OP BANK LTD.

(AUB)

331

BANK OF CEYLON

(BOC)

332

STATE BANK OF MAURITIUS LTD.

(SOM)

333

AMRITSAR CENTRAL CO-OP BANK LTD.

(ACC)

334

GANESH BANK OF KURUNDWAD LTD., PUNE

(GBK)

335

VISHWESHWAR SAHAKARI BANK LTD., PUNE

(VSL)

336

VIDISHA-BHOPAL KSHETRIYA GRAMIN BANK, BHOPAL

(VBK)

337

GURDASPUR-AMRITSAR KSHETRIYA GRAMIN VIKAS BANK

(GAK)

338

APEX CO-OP BANK OF URBAN BANKS OF MAHARASHTRA AND GOA LTD.

(APX)

339

BHOPAL NAGRIK SAHAKARI BANK LTD., BHOPAL

(BNB)

340

ASTHA MAHILA NAGRIK SAHAKARI BANK MARYADIT

(AMN)

341

MAHANAGAR NAGRIK SAHAKARI BANK MARYADIT

(MNS)

342

VAISHALI URBAN CO.OP.BANK LTD., JAIPUR

(VUC)

343

CHAROTAR NAGARIK BANK LTD.ANAND

(CNS)

344

TIRUPATI URBAN CO.OP.BANK LTD. ,NAGPUR

(TUC)

345

ABHINAV SAHAKARI BANK LTD., DOMBIVLI,THANE

(ASB)

346

HARYANA STATE CO.OP.APEX BANK LTD.

(HSB)

347

SHREE VIKAS CO.OP.BANK LTD., SURAT

(SVB)

348

JAIPUR NAGAUR AANCHLIK GRAMIN BANK, JAIPUR

(JNA)

349

SHRAMIK SAHAKARI BANK LTD., MUMBAI

(SHS)

350

PUNJAB STATE CO.OP.BANK LTD.

(PSL)

351

CHANDIGARH STATE CO.OP.BANK LTD., CHANDIGARH

(CSC)

352

SUVARNAYUG SAHAKARI BANK LTD., PUNE

(SUV)

353

RAJARSHI SHAHU SAHAKARI BANK MARYADIT, PUNE

(RSS)

354

UDYAM VIKAS SAHAKARI BANK LTD., PUNE

(UVS)

355

BHARATI SAHAKARI BANK LTD., PUNE

(BHA)

356

JIJAMATA MAHILA SAHAKARI BANK LTD., PUNE

(JMS)

357

SHREE SADGURU JANGALI MAHARAJ SAHAKARI BANK LTD., PUNE

(SJM)

358

SHREE SHARDA SAHAKARI BANK LTD., PUNE

(SHA)

359

ROPAR CENTRAL CO.OP.BANK LTD.,ROPAR, CHANDIGARH

(RCC)

360

GANDHIBAG SAHAKARI BANK LTD., NAGPUR

(GSB)

361

JANATA CO-OP. BANK LTD., DELHI

(JCB)

362

BANK MUSCAT INTERNATIONAL SAOG

(BMI)

363

KRISHNA MERCANTILE CO-OP BANK LTD., BHOPAL

(KML)

364

AKOLA JANATA COMMERCIAL CO-OP. BANK LTD., AKOLA

(AJC)

365

SHRIRAM URBAN CO-OP. BANK LTD., NAGPUR

(SUC)

366

PARMATMA EK SEVAK NAGRIK SAHAKARI BANK LTD., NAGPUR

(PES)

367

KALYAN JANATA SAHAKARI BANK LTD., KALYAN

(KJS)

368

MITRA-MANDAL SAHAKARI BANK LTD., INDORE

(MMS)

369

NASIK MERCHANTS CO-OP. BANK LTD., NASIK

(NMC)

370

NASIK PEOPLES CO-OP.BANK LTD., NASIK

(NPC)

371

NASIK JILHA MAHILA SAHAKARI BANK LTD., NASIK

(NZM)

372

NASIK DISTRICT CENTRAL CO-OP. BANK LTD., NASIK

(NDC)

373

JANALAXMI CO-OP. BANK LTD., NASIK

(JCS)

374

NASIK ROAD DEOLALI VYAPARI SAH.BANK LTD., NASIK ROAD

(NRD)

375

SHREE SAMARTH SAHAKARI BANK LTD., NASIK

(SHR)

376

GODAVARI URBAN CO-OP.BANK LTD., NASIK

(GUC)

377

NASIK DISTRICT INDUSTRIAL & MERCANTILE CO-OP. BANK LTD., NASIK

(NDI)

378

SHRIRAM SAHAKARI BANK MARYADIT, NASIK

(SOL)

379

LUDHIANA CENTRAL CO-OP. BANK LTD., LUDHIANA

(LCC)

380

TAPI CO-OP. BANK LTD, SURAT

(TAP)

381

NASIK JILHA MAHILA VIKAS SAHAKARI BANK LTD., NASIK

(NJM)

382

SHREE SINNAR VYAPARI SAHAKARI BANK, LTD., SINNAR

(SVL)

383

THE CITIZEN CO-OP. BANK LTD., NEW DELHI

(CIZ)

384

TRICHUR URBAN CO-0P. BANK LTD., TRICHUR

(TRC)

385

INDIAN MERCANTILE CO-OP. BANK LTD., LUCKNOW

(IMC)

386

ICHALKARANJI JANATA SAHAKARI BANK LTD., KOLHAPUR

(I J S)

387

KOLHAPUR DISTRICT CENTRAL CO-OP. BANK LTD., KOLHAPUR

(KDC)

388

KOLHAPUR JANATA SAHAKARI BANK LTD., KOLHAPUR

(KJB)

389

SHRI MAHALAXMI CO-OP. BANK LTD., KOLHAPUR

(MAH)

390

STATE TRANSPORT CO-OP. BANK LTD., MUMBAI

(STC)

391

SHRI SHAHU CO-OP.BANK LTD., KOLHAPUR

(SHI)

392

SHRI BALBHIM CO-OP. BANK LTD., KOLHAPUR

(BAL)

393

YOUTH DEVELOPMENT CO-OP.BANK LTD., KOLHAPUR

(YDC)

394

THE AJARA URBAN CO-OP. BANK LTD. AJARA,,KOLHAPUR

(AJU)

395

CHAUNDESHWARI CO-OP. BANK LTD., KOLHAPUR

(CHO)

396

SHRIPATRAO DADA SAHAKARI BANK LTD., KOLHAPUR

(SDS)

397

SHRI WARANA SAH. BANK LTD. WARANA NAGAR

(WSB)

398

KOLHAPUR URBAN CO-OP. BANK LTD., KOLHAPUR

(KUC)

399

KOLHAPUR MARATHA CO-OP. BANK LTD., KOLHAPUR

(KMB)

400

THE RAVI CO-OP. BANK LTD., KOLHAPUR (RCL)

 

401

KOLHAPUR MAHILA SAHAKARI BANK LTD., KOLHAPUR

(KOM)

402

SHREE PANCHGANGA NAGARI SAHA. BANK LTD., KOLHAPUR

(PNS)

403

THE VADGAON URBAN CO-OP. BANK LTD., KOLHAPUR

(VAD)

404

GADHINGLAJ URBAN C0-OP. BANK LTD.

(GUB)

405

THE ICHALKARANJI URBAN CO-OP. BANK LTD., ICHALKARANJI

(IUC)

406

JANATA SAHAKARI BANK LTD., AJARA, KOLHAPUR

(JSA)

407

SHRI VEERSHAIV CO-OP. BANK LTD. KOLHAPUR

(SHV)

408

THE COMMERCIAL CO-OP. BANK LTD., KOLHAPUR

(COC)

409

THE NATIONAL CO-OP. BANK LTD., MUMBAI

(NAT)

410

JAMIA CO-OP. BANK LTD., NEW DELHI

(JAM )

411

THE TAMILNADU INDUSTRIAL CO-OP. BK. LTD., CHENNAI

(TAI)

412

THE SEVA VIKAS C0-0P. BANK LTD., PUNE

(SEV)

413

BICHOLIM URBAN C0-0P. BANK LTD., BICHOLIM, GOA

(BUC)

414

GOAN PEOPLE’S URBAN CO-OP.BANK LTD., PANAJI, GOA

(GPU)

415

GOA STATE CO-OP. BANK LTD., PANAJI

(GOS)

416

GOA URBAN CO-OP. BANK LTD., PANAJI

(GOU)

417

MADGAUM URBAn CO-OP. BANK LTD., PANAJI

(MAD)

418

MAPUSA URBAN CO-OP. BANK LTD., MAPUSA, GOA

(MAP)

419

FINANCIAL CO-OPEQRTIVE BANK LTD., SURAT

(FCB)

420

APNI SAHAKARI BANK LTD., AHMEDABAD

(ASL)

421

BAVLA NAGRIK SAHAKARI BANK LTD., AHMEDABAD

(BAV)

422

UNITED CO-OP. BANK LTD., AHMEDABAD

(UCL)

423

PANDYAN GRAMA BANK, MADURAI

(PAN)

424

RAJDHANI NAGAR SAHAKARI BANK LTD., LUCKNOW

(RNS)

425

SRI SATYA SAI NAGRIK SAHAKARI BANK MARYADIT, BHOPAL

(SSN)

426

STERLING URBAN CO-OP. BANK LTD., JAIPUR

(STE)

427

MADURAI URBAN CO-OP. BANK LTD., MADURAI

(MUL)

428

STANDARD CO-OP. BANK LTD., AHMEDABAD

(STB)

429

SACHIN INDUSTRIAL CO-OP. BANK LTD., SURAT

(SIC)

430

ADAJAN NAGRIK SAHAKARI BANK LTD., SURAT

(ADA)

431

ROYALE CO-OP. BANK LTD., SURAT

(ROY)

432

ADINATH CO-OP. BANK LTD., SURAT

(ADI)

433

SAMATA SAHAKARI BANK LTD., NAGPUR

(SAM)

434

KUKARWADA NAGRIK SAHAKARI BANK LTD., AHMEDABAD

(KUK)

435

THE CENTURY CO-OP. BANK LTD., SURAT

(CEN)

436

THE METRO CO-OP. BANK LTD., SURAT

(MET)

437

AKHANDA ANAND CO-OP. BANK LTD., SURAT

(AAC)

438

THE ANDHRA BANK EMPLOYEES’ CO-OP. BANK LTD., HYDERABAD

(ABE)

439

ROYAL CO-OP. BANK LTD., AHMEDABAD

(RCO)

440

CITY CO-OP. BANK LTD., LUCKNOW

(CTY)

441

CO-OP. BANK OF RAJKOT LTD.

(CBR)

442

SHREE DHARATI CO-OP. BANK LTD., RAJKOT

(DHA)

443

JIVAN COMMERCIAL CO-OP. BANK LTD., RAJKOT

(JIV)

444

RAJKOT MAHILA NAGRIK SAHAKARI BANK LTD., RAJKOT

(RMN)

445

RAJKOT PEOPLES’ CO-OP. BANK LTD., RAJKOT

(RPB)

NOTE: In case the name of any bank is not included in the list, please approach thE Chief General Manager In-Charge, Reserve Bank of India, Department of Information Technology, Central Office, Central Office Building, 14th Floor, Sahid Bhagat Singh Marg, Mumbai-400 001 through the President of the Clearing House.


ANNEXURE VII

Transaction Codes List

A uniform set of transaction codes has been developed to be used by all banks. The transaction code, to be pre-printed, comprises a two digit number running from 01-99. Codes 01- 49 are reserved for debit instruments and codes 50 - 99 for credit instruments. The transaction code numbers and their definitions are enumerated below:

Trans
action Code No.

Nature of transaction/instruments represented by the code

Definitions

01-09

Codes reserved for clearing house control documents representing debit instruments

 

10

Savings Bank Account Cheque

 

11

Current Account cheque

 

12

Banker's cheque

A cheque issued by a bank on itself used for making own payments. Also issued in lieu of demand drafts on the same city.

13

Cash credit account cheque

Cheques issued to a running loan account

14

Dividend warrant

 

15

Traveller's cheque

 

16

Demand Draft

 

17

Cheques which will be issued in lieu of existing payment order

A prepaid instrument issued by a bank on to itself, similar to banker's cheque issued in lieu of a draft on the same city.

18

Gift cheque

 

19

Interest warrant

 

20

State government transactions @

 

21

Central Government transactions @

 

22

Railway transactions @

 

23

Posts & Telegraphs transactions @

 

24

Defence transactions @

 

25

Telecommunication transactions @

 

26

Reserved

 

27

Departmentalised ministries (UMALO) transactions

 

28

Refund warrant

 

29

At Par Current Account Cheques

Multi-city cheques pertaining to Current account

30

At par Cash Credit Account Cheques

Multi-city Cash Credit Account instruments payable at all branches of the bank

31

Savings Bank at par cheque

Savings Bank Account cheques payable at all branches of the bank i.e multi-city cheques

40

Credit transactions to NRE Accounts in Indian Rupees

Credit transactions to Non-Resident External Accounts maintained by Non-Resident Indians

32-48

Reserved

 

49

Income Tax Refund Orders

Income Tax Refund Orders payable at banks other than Reserve Bank of India.

@ To be printed on cheques/payment instruments issued by Govt. Departments for drawing on their accounts maintained with banks other than Reserve Bank of India

Note : For the present, banks have decided not to bring the travellers’cheques under the purview of mechanised cheque processing. Travellers cheques may not be printed in MICR format and with MICR codeline. Accordingly, when the mechanised cheque processing system is introduced for cheque clearing on a regular basis, the travellers’ cheques will not be eligible for presentation through the clearing system.


ANNEXURE VIII

ADRESSES OF THE MICR CHEQUE PROCESSING CENTRES (CPC)

Sl.No.

Address of the MICR CPC

Sl.No.

Address of the MICR CPC

1.

The Deputy General Manger,
National Clearing Cell,
Reserve Bank of India,
Free Press House,
215, Nariman Point,
Mumbai – 400 021.

2.

The Deputy General Manger,
National Clearing Cell,
Reserve Bank of India,
C-9, Bandra Kurla Complex,
Post Box.No.8128,
Bandra (ast)
Mumbai – 400 51.

3.

The Deputy General Manger,
National Clearing Cell,
Reserve Bank of India,
6, Royd Street,
Calcutta – 700 016.

4.

The Deputy General Manger,
National Clearing Cell,
Reserve Bank of India,
Jeevan Bharati Building,
Tower 1, 6th/7th Fllor,
124, Connought Circus,
New Delhi – 110001.

5.

The Deputy General Manger,
National Clearing Cell,
Reserve Bank of India,
Shakti Towers,766, Anna Salai,
Chennai– 600002.

6.

The Chief Manager,
Bank of Baroda,
MICR Cheque Processing Centre,
Near Shiv Ranjani Cross Road,
Satallite, Ahmedabad–380015.

7.

The Chief Manager,
Canara Bank
MICR Cheque Processing Centre,
113/114, S.C. Road,
Seshadripuram,
Bangalore – 560020.

8.

The Chief Manager,
Bank of Baroda,
MICR Cheque Processing Centre,
Bank of Baroda Building,
82, Bank Road,
Coimbatore – 641018.

9.

The Chief Manager,
Bank of India,,
MICR Cheque Processing Centre,
Lower Tank Bund Road,
Domalguda,
Hyderabad – 500029.

10.

The Senior Manager,
Punjab National Bank,
MICR Cheque Processing Centre,
Parnami Mandir, Adarsh Nagar,
Jaipur –302 004

11.

The Chief Manager,
State Bank of Indore,
MICR Cheque Processing Centre,
Indore Clearing House,
125 Ada Bazar, Indore.

12.

The Chief Manager,
Punjab National Bank,
MICR Cheque Processing Centre,
Anand Palace, Ghat Road,
Nagpur.

13.

The Chief Manager,
Oriental bank of Commerce,
MICR Cheque Processing Centre,
201-202, Chitra Talkies Road,
Amritsar.

14.

The Chief General Manager,
Punjab National Bank,
MICR Cheque Processing Centre,
Birhana Road,
Kanpur.

15.

The Chief Manager,
Central Bank of India,
MICR Cheque Processing Centre,
Central Bank of India Building,
9, Arera Hills, Jail Road,
Bhopal.

16.

The Chief Manager,
Union Bank of India,
MICR Cheque Processing Centre,
Mithapalli Estate
39/2A-G-62, Gultekdi,
Pune 411037.

17

The Chief Manager,
Central Bank of India,
MICR Cheque Processing Centre,
Service Branch,
1st Floor, Paradise Complex,
Sayaji Ganj,
Baroda – 390005.

 


ANNEXURE IX

Detail guidelines regarding MICR Encoders

MICR CHEQUE ENCODER is a table top machine which can print the coded particulars of cheques and other instruments in magnetic ink in the 5/8” read band in the specified position. A conventional encoder of stand alone type has a keyboard, a programmable journal printer and a MICR cassette/ribbon typewriter. The machine can simultaneously with encoding, endorse on the reverse of the instrument, a fixed or variable stamp i.e. clearing stamp of the presenting bank/branch. The encoder can, during encoding, proof the pay-in-slip amount or the control total by marking off successive amounts of encoded cheques thus arriving at a zero balance when all the cheques are encoded, bringing out during the process any discrepancy in the totals or wrong encoding, if any. The encoder should have facility to encode all the five fields or any of the fields desired to be completed by pressing the relevant functional keys and by keying in the digital information i.e. the code number of the field concerned. There should also be a provision to automatically endorse the clearing stamp on the reverse, simultaneously with the encoding. In addition, it should be possible to skip the encoding or endorsement when needed, say when amount field is already encoded and the instrument is being represented. There should be a provision for multiple positioning of endorsement on the reverse to take care of such cases. At the end of encoding each lot of cheques, the encoder should have facility to encode the branch-wise Batch Ticket for the number and amount of cheques in the lot and ultimately the Block Ticket prepared for the bank as a whole on the basis of the cumulated batch values of instruments presented by a bank.

2. Initially, when MICR technology was introduced at the four metropolitan centres a decade ago, banks had installed stand alone encoder machines without PC interface. Presently, however, the technology has advanced and encoders with P.C. interface are available, by use of which additional data including the information of pay-in-slip can be entered so that full outward clearing information could be taken on the P.C. at the branch for balancing of outward clearing and also for further processing of the data so captured for accounting purposes. MICR Readers are available with PC interface for capturing the preprinted information in the MICR code line to save on data entry and also ensuring accuracy. Recently, MICR Reader-cum-Encoders have also come in the market, using which it is possible to capture the data of the pre-printed fields in the MICR code line and supplement the information with data entry as also encoding of the instruments simultaneously. This will enable balancing of the outward clearing and also building up the data base on cheques presented for subsequent use say for posting of the ledgers, etc. Encoding of the instruments could be done simultaneously or later on by encoding the instruments at one go (power encoding) on the basis of the data file. The type of encoder to be purchased by a member bank would, therefore, depend upon the existing and proposed level of computerisation in the branches/ Service Branch where the encoders are to be located.

3. Depending upon the total volume of the cheques presented in clearing and the volume handled at the individual branches, encoders may have to be installed at the Service Branch to encode cheques centrally or having encoders also at some branches having adequate volume so that the cheques could be encoded at the branches and the completed batches could be forwarded to Service Branch for presentation. The banks will have to take their own decision on whether to encode cheques centrally or decentralise encoding work, fully or partly, depending upon the cheque volume, space and organisational availability. Necessary guidance in this regard could also be obtained by the banks from their Service Branch at any of the existing MICR centres.

4. Presently, some MICR Document Encoders are manufactured / assembled locally. Several companies are also supplying imported MICR Document Encoders/Readers/ Reader-cum-Encoders with PC interface. M/s APLAB Industries Ltd., M/s Bradma India Ltd., M/s Kores India Ltd., M/s NCR Corporation (India) Pvt., Ltd.,M/s Tata Infotech Ltd., etc., are some of the companies who supply such equipments. The list is only indicative and not exhaustive, there could be more such suppliers. For further information and guidelines for procurement, the member banks are advised to get in touch with their Service Branches at the four metropolitan cities or their Computer Policy and Planning Department.

5. The encoders, being computer peripherals, need dust free environment. Suitable site preparation, power connection, air-conditioning, etc., may have to be provided in consultation with the suppliers of the machines. Encoder operation, being quite simple, the existing staff could handle the work with minimum training. The vendors supply the necessary operation manuals along with the equipment and also provide training to the operators. They also provide post-warranty maintenance of the machines.

6. The quality of encoding is crucial to the MICR cheque processing system since bad quality encoding or use of sub-standard MICR ribbon could lead to large number of rejects during machine processing of the instruments at the MICR centres. This, apart from increasing the workload at the cheque processing centre, could also lead to errors in reading/data correction resulting in avoidable clearing differences. It is, therefore, necessary that the encoders are placed in clean environment and are serviced by vendors regularly. The quality of the MICR ribbon used on the encoder machines is also another important factor. The bank should procure good quality MICR ribbons. The ribbons have a limited shelf life and hence should not be procured in bulk and also should be stored properly in dust free environment. The banks should peruse the Reject Analysis Report furnished by the MICR Cheque Processing Centre regularly and take prompt corrective action.


ANNEXURE X

Special Crossing Stamp

i)

Dimension of Special Crossing Stamp
Two parallel lines of length upto 2 inches at a distance of ¼ inch in between them. The name of the bank and branch to be incorporated in the enclosed space.

   

ii)

Position of Special Crossing Stamp
Preferably at the top left hand corner with a slanting of 60 degrees to the base

   

iii)

Suggested specimen


1

iv)

Additional Safeguard
The crossing stamp should be affixed in such a manner that to the extent possible it does not deface `A/C payee’, etc., crossing made by the customer.


ANNEXURE XI

Format of Local Clearing Stamp

Reverse of the cheque or other payment instrument

 

 

 

 

CCC  BBB RRr LCLG DDMMYYYY

 


CCC -

Centre Code Number (3 digits – numerical code)

BBB -

Abbreviated Bank Name (3 letters – alpha code)

RRR -

Abbreviated Branch Name (3 letters – alpha code)

LCLG -

Local Clearing Abbreviation (4 letters)

DD.MM.YYYY -

Date, Month, Year (2 + 2 + 4 digits)

 
 
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