Bassein Catholic Bank Nirmal Thane Maharashtra MICR CODE

Find MICR Codes for Bassein Catholic Bank Nirmal Thane Maharashtra

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MICR Code	400238008
Bank	Bassein Catholic Co-Op Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Nirmal
Contact
Bank Details	Bassein Catholic Co-Op Bank Ltd Nirmal BACB0000008

Location	Nirmal, Thane
City	Nirmal
District	Thane
State	Maharashtra
Pincode	401304
Country	IN
Address	Nirmal naka,post nirmal, tal. Vasai,dist .thane, pin-401304

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 400238008 for Nirmal 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 400238008 of Bassein Catholic Co-Op Bank, Nirmal branch makes the system almost error free and faster. Use of Bassein Catholic Co-Op Bank MICR codes for Nirmal branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Bassein Catholic Co-Op Bank Ltd are available with micr code -

>>Nirmal

MICR code for Bassein Catholic Bank Nirmal

Bassein Catholic Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Bassein Catholic Co-Op Bank MICR code for Nirmal 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. 400238008 is the MICR code of Bassein Catholic Co-Operative Bank for Nirmal branch. MICR code for Nirmal 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 Bassein Catholic Co-Op Bank Nirmal is presented in the table alongside.

Use of Bassein Catholic Co-Op Bank MICR code for Nirmal branch in nirmal

The MICR code 400238008 is used in RBI cheque clearing process to identify the branch Nirmal and Bassein Catholic 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 Bassein Catholic Co-Operative Bank is typically in either of these two font’s: E-138 and CMC-7.

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