Bharat Bank Palghar Palghar Maharashtra MICR CODE

Find MICR Codes for Bharat Bank Palghar Palghar Maharashtra

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MICR Code
Bank Bharat Co-Op Bank (Mumbai) Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Palghar
Contact 1
Bank Details Bharat Co-Op Bank (Mumbai) Ltd Palghar BCBM0000096
Location Palghar, Palghar
City Palghar
District Palghar
State Maharashtra
Pincode 401404
Country IN
Address Shop no. 24 to 27, ground floor, punit nagar, opp. Phelia hospital, tembode road, palghar west- 401404
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 400112068 for Palghar 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 400112068 of Bharat Coop Bank, Palghar branch makes the system almost error free and faster. Use of Bharat Coop Bank MICR codes for Palghar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Bharat Co-Op Bank (Mumbai) Ltd are available with micr code -

>>Palghar

MICR code for Bharat Bank Palghar

Bharat Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Bharat Coop Bank MICR code for Palghar 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. 400112068 is the MICR code of Bharat Cooperative Bank for Palghar branch. MICR code for Palghar 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 Bharat Coop Bank Palghar is presented in the table alongside.

Use of Bharat Coop Bank MICR code for Palghar branch in palghar

The MICR code 400112068 is used in RBI cheque clearing process to identify the branch Palghar and Bharat Coop 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 Bharat Cooperative Bank is typically in either of these two font’s: E-138 and CMC-7.

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