Central Bank Panvel Raigad Maharashtra MICR CODE

Find MICR Codes for Central Bank Panvel Raigad Maharashtra

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MICR Code	-NA-
Bank	Central Bank Of India
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Actrec Mumbai
Contact	022-27870747
Bank Details	Central Bank Of India Actrec Mumbai CBIN0284047

Location	Panvel, Raigad
City	Panvel
District	Raigad
State	Maharashtra
Pincode	410210
Country	IN
Address	Kharghar, navi mumbai - 410210, dist - raigarh

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 Actrec Mumbai 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 Central Bank Of India, Actrec Mumbai branch makes the system almost error free and faster. Use of Central Bank Of India MICR codes for Actrec Mumbai branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Central Bank Of India are available with micr code -

>>Actrec Mumbai >>Kewale >>New Panvel >>T.M.C. Actrec Mumbai

MICR code for Central Bank Actrec Mumbai

Central Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Central Bank Of India MICR code for Actrec Mumbai 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 Central Bank India for Actrec Mumbai branch. MICR code for Actrec Mumbai 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 Central Bank Of India Actrec Mumbai is presented in the table alongside.

Use of Central Bank Of India MICR code for Actrec Mumbai branch in panvel

The MICR code 0 is used in RBI cheque clearing process to identify the branch Actrec Mumbai and Central Bank Of India 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 Central Bank India is typically in either of these two font’s: E-138 and CMC-7.

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