Catholic Syrian Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Catholic Syrian Bank Mumbai Mumbai Maharashtra

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MICR Code
Bank Catholic Syrian Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Lcbd Cpc
Contact 22-68395343
Bank Details Catholic Syrian Bank Ltd Lcbd Cpc CSBK0001028
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400020
Country IN
Address 1st floor mafatlal house h t parekh marg churchgate mumbai 400020
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 0 for Lcbd Cpc 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 0 of CSB Bank, Lcbd Cpc branch makes the system almost error free and faster. Use of CSB Bank MICR codes for Lcbd Cpc branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Catholic Syrian Bank Lcbd Cpc

Catholic Syrian Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. CSB Bank MICR code for Lcbd Cpc 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. 0 is the MICR code of Syrian Bank for Lcbd Cpc branch. MICR code for Lcbd Cpc 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 CSB Bank Lcbd Cpc is presented in the table alongside.

Use of CSB Bank MICR code for Lcbd Cpc branch in mumbai

The MICR code 0 is used in RBI cheque clearing process to identify the branch Lcbd Cpc and CSB 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 Syrian Bank is typically in either of these two font’s: E-138 and CMC-7.

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