HSBC Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for HSBC Mumbai Mumbai Maharashtra

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MICR Code
Bank Hsbc
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Chembur Mumbai
Contact Rahul Chopra Ph: 9820282220 E-Mail: Rahulchopra@hsbc.Co.In
Bank Details Hsbc Chembur Mumbai HSBC0400006
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400074
Country IN
Address Mercantile apartments, dr choitram gidwani road, chembur, mumbai 400 074
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 400039006 for Chembur 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 400039006 of HSBC Bank, Chembur Mumbai branch makes the system almost error free and faster. Use of HSBC Bank MICR codes for Chembur Mumbai branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for HSBC Chembur Mumbai

HSBC MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. HSBC Bank MICR code for Chembur 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. 400039006 is the MICR code of Hongkong And Shanghai Banking Corporation for Chembur Mumbai branch. MICR code for Chembur 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 HSBC Bank Chembur Mumbai is presented in the table alongside.

Use of HSBC Bank MICR code for Chembur Mumbai branch in mumbai

The MICR code 400039006 is used in RBI cheque clearing process to identify the branch Chembur Mumbai and HSBC 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 Hongkong And Shanghai Banking Corporation is typically in either of these two font’s: E-138 and CMC-7.

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