MICR Code for Patel Park — Zoroastrian Co-operative Bank

About MICR Code — Patel Park, Zoroastrian Co-operative Bank

MICR code is the official 9-digit magnetic ink code assigned by the Reserve Bank of India to the Patel Park branch of Zoroastrian Co-operative Bank located in Surat, Gujarat. This code is printed at the bottom of every cheque issued by this branch using magnetic E-13B ink that can be read by high-speed MICR readers at RBI clearing houses. MICR codes are used exclusively for paper-based and mandate-based transactions — cheque clearing, ECS auto-debit, NACH mandates for SIP mutual funds, and loan EMI setup. The branch participates in the Cheque Truncation System (CTS) — the electronic clearing network that processes cheques within one banking day without requiring physical movement of paper cheques between banks.

How to Use MICR Code for Mandates and Cheque Payments

MICR code is required whenever a payment or mandate process involves paper instruments or automated debit authorisations from your Zoroastrian Co-operative Bank Patel Park account. Unlike IFSC codes — which are used for digital transfers like NEFT and RTGS — the MICR code is specifically required for the following processes:

• SIP Registration (Mutual Funds): When setting up a Systematic Investment Plan via a NACH mandate, the form asks for your bank's MICR code. Enter to register your Zoroastrian Co-operative Bank Patel Park account for monthly SIP debits. Both paper NACH mandates and digital e-NACH flows may require this code. Paper mandates take 20–30 days to activate; e-NACH activates within 2–3 working days.
• ECS Mandates (Utility Bills, Insurance): ECS (Electronic Clearing Service) auto-debits for electricity, gas, broadband, and insurance premiums require the MICR code of your bank branch. The MICR code tells the biller's bank which CTS zone and branch to debit on each due date. Use when setting up any recurring ECS debit from your Patel Park account.
• Loan EMI Auto-Debit (NACH Mandate): When signing a NACH mandate for home loan, personal loan, car loan, or NBFC EMI repayment, the lender's mandate form requires your account branch's MICR code to register the monthly debit. Use for any loan EMI mandates linked to your Zoroastrian Co-operative Bank Patel Park account.
• Post-Dated Cheques (PDC): If a lender or landlord asks for post-dated cheques as security, MICR code is already pre-printed at the bottom of your Zoroastrian Co-operative Bank cheque book issued by this branch. Verify the MICR on the cheque matches before handing over PDCs — if you have accounts at multiple Zoroastrian Co-operative Bank branches, each has a different MICR.
• Insurance Premium Collection: Life insurance, health insurance, and general insurance companies collect premiums via NACH mandates. The mandate form will have a dedicated MICR field — enter to link your Patel Park account for automatic premium collection on each policy anniversary.

About Zoroastrian Co-operative Bank in Surat

Zoroastrian Co-operative Bank operates multiple branches across Surat, Gujarat, each assigned a unique MICR code by the RBI for the Surat CTS clearing zone. The Patel Park branch serves customers in the local area with full cheque clearing, savings and current account services, and mandate-based auto-debit facilities including SIP, ECS, and NACH. All cheques issued by this branch carry MICR code at the bottom in magnetic ink.

To find MICR codes for other Zoroastrian Co-operative Bank branches in Surat, use the Zoroastrian Co-operative Bank branches in Surat directory. For branches across Gujarat, browse the Zoroastrian Co-operative Bank Gujarat page. To view all Zoroastrian Co-operative Bank branches nationwide, visit the Zoroastrian Co-operative Bank MICR code directory.

How the RBI CTS System Processes Cheques Using MICR

When you deposit a cheque issued by Zoroastrian Co-operative Bank's Patel Park branch anywhere in India, the following automated CTS process occurs — enabled entirely by MICR code :

1. Scanning: The receiving bank scans the deposited cheque and reads the MICR band at the bottom using a high-speed MICR reader.
2. Zone routing: The first 3 digits () identify the Surat CTS clearing zone and route the clearing request to the correct RBI clearing house — regardless of which city the cheque was deposited in.
3. Bank identification: Digits 4–6 () identify Zoroastrian Co-operative Bank within the Surat zone, directing the debit request to the correct bank's processing system.
4. Branch debit: Digits 7–9 () identify the Patel Park branch specifically, enabling the system to locate the payer's account and process the debit without manual intervention.
5. Settlement: Funds settle electronically between banks within T+1 working days. No physical cheque needs to travel between banks after the initial deposit.

This is why the MICR code must be exact. Even a single wrong digit causes the cheque to be returned unpaid — resulting in bounce penalties, mandate rejection fees, and settlement delays. BankZop verifies all MICR codes against official RBI CTS records.

Verify Before You Submit — Common MICR Mistakes

• Wrong cheque book from a different branch: If you hold accounts at multiple Zoroastrian Co-operative Bank branches, each branch's cheque book carries a different MICR code. Always verify the MICR on your cheque matches the account branch before submitting any mandate or PDC.
• Old cheque book after a branch migration or merger: If your account was moved to a different branch following a bank merger or branch consolidation, your old cheque book carries the previous branch's MICR. Get a new cheque book from your current branch and verify on BankZop before using it for NACH mandates.
• Handwritten MICR on mandate forms: Some mandate forms allow handwritten entry. Always copy the exact 9-digit code from a verified cheque or from BankZop — never estimate or guess. A single transposed digit will cause mandate activation failure.
• Submitting a NACH mandate before the activation period: Paper NACH mandates take 20–30 days to activate after submission. A lender attempting to debit your account before activation will receive a rejection — and you may incur return charges. Track your mandate activation status with your bank.

For further reference, explore our IFSC Code Lookup for online transfer codes (NEFT, RTGS, IMPS, UPI), the BSR Code Lookup for TDS and income tax challan codes, and the PIN Code Lookup for postal delivery information. Use our EMI Calculator to plan your loan repayments before applying.