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 Panvel 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. 400112028 is the MICR code of Bharat Cooperative Bank for Panvel Branch branch. MICR code for Panvel 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 Bharat Coop Bank Panvel Branch is presented in the table alongside.
The MICR code 400112028 is used in RBI cheque clearing process to identify the branch Panvel Branch 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.