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 Lala Lajpatraj College Of Commerce And Economics 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. 400016079 is the MICR code of Central Bank India for Lala Lajpatraj College Of Commerce And Economics Mumbai branch. MICR code for Lala Lajpatraj College Of Commerce And Economics 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 Lala Lajpatraj College Of Commerce And Economics Mumbai is presented in the table alongside.
The MICR code 400016079 is used in RBI cheque clearing process to identify the branch Lala Lajpatraj College Of Commerce And Economics 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.