Bassein Catholic Bank Navi Mumbai Thane Maharashtra MICR CODE

Find MICR Codes for Bassein Catholic Bank Navi Mumbai Thane Maharashtra

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MICR Code	400238027
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	Vashi
Contact
Bank Details	Bassein Catholic Co-Op Bank Ltd Vashi BACB0000027

Location	Navi Mumbai, Thane
City	Navi Mumbai
District	Thane
State	Maharashtra
Pincode	400076
Country	IN
Address	Premises no. 003-004, ground floor, red rose co-op. Hsg. Soc. Ltd, plot no.27, sector no. 2, vashi, navi mumbai - 400 076

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 400238027 for Vashi 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 400238027 of Bassein Catholic Co-Op Bank, Vashi branch makes the system almost error free and faster. Use of Bassein Catholic Co-Op Bank MICR codes for Vashi 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 -

>>Vashi

MICR code for Bassein Catholic Bank Vashi

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 Vashi 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. 400238027 is the MICR code of Bassein Catholic Co-Operative Bank for Vashi branch. MICR code for Vashi 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 Vashi is presented in the table alongside.

Use of Bassein Catholic Co-Op Bank MICR code for Vashi branch in navi mumbai

The MICR code 400238027 is used in RBI cheque clearing process to identify the branch Vashi 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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