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 Palli Naigaon West Branch 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. 400238061 is the MICR code of Bassein Catholic Co-Operative Bank for Palli Naigaon West Branch branch. MICR code for Palli Naigaon West Branch 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 Palli Naigaon West Branch is presented in the table alongside.
The MICR code 400238061 is used in RBI cheque clearing process to identify the branch Palli Naigaon West Branch 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.