Bombay Mercantile Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Bombay Mercantile Co Op Bank Limited MICR code for Aurangabad Ladies 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. 431069004 is the MICR code of Bombay Mercantile Bank for Aurangabad Ladies branch. MICR code for Aurangabad Ladies 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 Bombay Mercantile Co Op Bank Limited Aurangabad Ladies is presented in the table alongside.
The MICR code 431069004 is used in RBI cheque clearing process to identify the branch Aurangabad Ladies and Bombay Mercantile Co Op Bank Limited 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 Bombay Mercantile Bank is typically in either of these two font’s: E-138 and CMC-7.