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	400064036
Bank	Ing Vysya Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Malad (E)
Contact
Bank Details	Ing Vysya Bank Ltd Malad (E) VYSA0008050

Location	Mumbai, Greater Bombay
City	Mumbai
District	Greater Bombay
State	Maharashtra
Pincode	400097
Country	IN
Address	Shop no 3,4 & 14,khandelwal house,poddar road ,mallad east mumbai-400097

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 400064036 for Malad (E) 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 400064036 of ING Vysya, Malad (E) branch makes the system almost error free and faster. Use of ING Vysya MICR codes for Malad (E) branch, makes the characters readable even if there are other marks and stamps on it.

A total of 10 branches of Ing Vysya Bank Ltd are available with micr code -

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MICR code for ING Vysya Bank Malad (E)

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 Malad (E) 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. 400064036 is the MICR code of ING Bank for Malad (E) branch. MICR code for Malad (E) 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 Malad (E) is presented in the table alongside.

Use of ING Vysya MICR code for Malad (E) branch in mumbai

The MICR code 400064036 is used in RBI cheque clearing process to identify the branch Malad (E) 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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