Bharat Bank Greater Bombay Mumbai Maharashtra MICR CODE

Find MICR Codes for Bharat Bank Greater Bombay Mumbai 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 Parel
Contact 61890107
Bank Details Bharat Co-Op Bank (Mumbai) Ltd Parel BCBM0000068
Location Greater Bombay, Mumbai
City Greater Bombay
District Mumbai
State Maharashtra
Pincode 400012
Country IN
Address Royale imperia, ground floor, shop no.1 to 4,plot no. 105,charmar baug road,parel mumbai 400012
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 400112048 for Parel 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 400112048 of Bharat Coop Bank, Parel branch makes the system almost error free and faster. Use of Bharat Coop Bank MICR codes for Parel branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Bharat Co-Op Bank (Mumbai) Ltd are available with micr code -

>>Parel >>Vile Parle West

MICR code for Bharat Bank Parel

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 Parel 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. 400112048 is the MICR code of Bharat Cooperative Bank for Parel branch. MICR code for Parel 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 Parel is presented in the table alongside.

Use of Bharat Coop Bank MICR code for Parel branch in greater bombay

The MICR code 400112048 is used in RBI cheque clearing process to identify the branch Parel 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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