HDFC Bank Mumbai Greater Bombay Maharashtra MICR CODE

Find MICR Codes for HDFC Bank Mumbai Greater Bombay Maharashtra

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MICR Code
Bank Hdfc Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Excellent Co Op. Bank Ltd.Mumbai
Contact 237802424 / 43
Bank Details Hdfc Bank Ltd Excellent Co Op. Bank Ltd.Mumbai HDFC0CECBL2
Location Mumbai, Greater Bombay
City Mumbai
District Greater Bombay
State Maharashtra
Pincode 400003
Country IN
Address 95/97 ebrahim rehmatullah road, mumbai - 400003
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 400108002 for Excellent Co Op. Bank Ltd.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 400108002 of HDFC Bank Ltd, Excellent Co Op. Bank Ltd.Mumbai branch makes the system almost error free and faster. Use of HDFC Bank Ltd MICR codes for Excellent Co Op. Bank Ltd.Mumbai branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for HDFC Bank Excellent Co Op. Bank Ltd.Mumbai

HDFC Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. HDFC Bank Ltd MICR code for Excellent Co Op. Bank Ltd.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. 400108002 is the MICR code of HDFC for Excellent Co Op. Bank Ltd.Mumbai branch. MICR code for Excellent Co Op. Bank Ltd.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 HDFC Bank Ltd Excellent Co Op. Bank Ltd.Mumbai is presented in the table alongside.

Use of HDFC Bank Ltd MICR code for Excellent Co Op. Bank Ltd.Mumbai branch in mumbai

The MICR code 400108002 is used in RBI cheque clearing process to identify the branch Excellent Co Op. Bank Ltd.Mumbai and HDFC Bank Ltd 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 HDFC is typically in either of these two font’s: E-138 and CMC-7.

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