ING Vysya Bank Mumbai Greater Bombay Maharashtra MICR CODE

Find MICR Codes for ING Vysya Bank Mumbai Greater Bombay Maharashtra

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MICR Code
Bank Ing Vysya Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Lower Parel Mumbai
Contact
Bank Details Ing Vysya Bank Ltd Lower Parel Mumbai VYSA0006950
Location Mumbai, Greater Bombay
City Mumbai
District Greater Bombay
State Maharashtra
Pincode 400080
Country IN
Address Shop no.1, aum saheel tower, kashinath dhuru compound, opp. Kamala mills, s.b. Marg, lower parel, mumbai - 400 080
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 400064035 for Lower Parel 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 400064035 of ING Vysya, Lower Parel Mumbai branch makes the system almost error free and faster. Use of ING Vysya MICR codes for Lower Parel Mumbai branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for ING Vysya Bank Lower Parel Mumbai

ING Vysya Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ING Vysya MICR code for Lower Parel 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. 400064035 is the MICR code of ING Bank for Lower Parel Mumbai branch. MICR code for Lower Parel 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 ING Vysya Lower Parel Mumbai is presented in the table alongside.

Use of ING Vysya MICR code for Lower Parel Mumbai branch in mumbai

The MICR code 400064035 is used in RBI cheque clearing process to identify the branch Lower Parel Mumbai and ING Vysya 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 ING Bank is typically in either of these two font’s: E-138 and CMC-7.

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