Central Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Central Bank Mumbai Mumbai Maharashtra

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MICR Code
Bank Central Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Corporate Finance Branch
Contact
Bank Details Central Bank Of India Corporate Finance Branch CBIN0283007
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400051
Country IN
Address Corporate finance branch, central bank of india, mumbai
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 400016086 for Corporate Finance Branch 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 400016086 of Central Bank Of India, Corporate Finance Branch branch makes the system almost error free and faster. Use of Central Bank Of India MICR codes for Corporate Finance Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 80 branches of Central Bank Of India are available with micr code -

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MICR code for Central Bank Corporate Finance Branch

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 Corporate Finance 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. 400016086 is the MICR code of Central Bank India for Corporate Finance Branch branch. MICR code for Corporate Finance 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 Central Bank Of India Corporate Finance Branch is presented in the table alongside.

Use of Central Bank Of India MICR code for Corporate Finance Branch branch in mumbai

The MICR code 400016086 is used in RBI cheque clearing process to identify the branch Corporate Finance Branch 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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