Central Bank Mumbai Greater Bombay Maharashtra MICR CODE

Find MICR Codes for Central Bank Mumbai Greater Bombay 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 Retail Asset Branch Mumbai
Contact 022-22612008
Bank Details Central Bank Of India Retail Asset Branch Mumbai CBIN0284612
Location Mumbai, Greater Bombay
City Mumbai
District Greater Bombay
State Maharashtra
Pincode 400001
Country IN
Address Marshalls building, ballard road, mumbai-400001, mumbai, maharashtra
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 Retail Asset Branch 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, Retail Asset Branch Mumbai branch makes the system almost error free and faster. Use of Central Bank Of India MICR codes for Retail Asset Branch Mumbai branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Central Bank Retail Asset Branch 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 Retail Asset Branch 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 Retail Asset Branch Mumbai branch. MICR code for Retail Asset Branch 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 Retail Asset Branch Mumbai is presented in the table alongside.

Use of Central Bank Of India MICR code for Retail Asset Branch Mumbai branch in mumbai

The MICR code 0 is used in RBI cheque clearing process to identify the branch Retail Asset Branch 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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