Indian Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Indian Bank Mumbai Mumbai Maharashtra

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MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Cumbala Hill
Contact 022 23886161
Bank Details Indian Bank Cumbala Hill IDIB000C036
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400026
Country IN
Address 56 gopalrao deshmukh marg cumbala hill greater mumbai 400026
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 400019006 for Cumbala Hill 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 400019006 of Indian Bank, Cumbala Hill branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Cumbala Hill branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indian Bank Cumbala Hill

Indian Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Indian Bank MICR code for Cumbala Hill 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. 400019006 is the MICR code of Indian Bank for Cumbala Hill branch. MICR code for Cumbala Hill 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 Indian Bank Cumbala Hill is presented in the table alongside.

Use of Indian Bank MICR code for Cumbala Hill branch in mumbai

The MICR code 400019006 is used in RBI cheque clearing process to identify the branch Cumbala Hill and Indian 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 Indian Bank is typically in either of these two font’s: E-138 and CMC-7.

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