Greater Bombay Bank Navi Mumbai Thane Maharashtra MICR CODE

Find MICR Codes for Greater Bombay Bank Navi Mumbai Thane Maharashtra

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MICR Code	400095021
Bank	Greater Bombay Co-Op Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Vashi Branch
Contact	Mr. P A Chavan Tel No. 27884401 / 02
Bank Details	Greater Bombay Co-Op Bank Ltd Vashi Branch GBCB0000021

Location	Navi Mumbai, Thane
City	Navi Mumbai
District	Thane
State	Maharashtra
Pincode	400705
Country	IN
Address	Om niwas, plot no. 186, sector 12, opp. Mega mart, vashi - 400 705

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 400095021 for Vashi 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 400095021 of Greater Co Op Bank, Vashi Branch branch makes the system almost error free and faster. Use of Greater Co Op Bank MICR codes for Vashi Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Greater Bombay Co-Op Bank Ltd are available with micr code -

>>Vashi Branch

MICR code for Greater Bombay Bank Vashi Branch

Greater Bombay Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Greater Co Op Bank MICR code for Vashi 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. 400095021 is the MICR code of Greater Bombay Bank for Vashi Branch branch. MICR code for Vashi 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 Greater Co Op Bank Vashi Branch is presented in the table alongside.

Use of Greater Co Op Bank MICR code for Vashi Branch branch in navi mumbai

The MICR code 400095021 is used in RBI cheque clearing process to identify the branch Vashi Branch and Greater Co Op 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 Greater Bombay Bank is typically in either of these two font’s: E-138 and CMC-7.

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