Kapole Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Kapole Bank Mumbai Mumbai Maharashtra

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MICR Code
Bank Kapole Co-Op Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Malad (West)
Contact Mr. Santosh Joshi
Bank Details Kapole Co-Op Bank Malad (West) KCBL0000004
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400064
Country IN
Address Kapol wadi, marve road, malad (w), mumbai - 400 064
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 400076004 for Malad (West) 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 400076004 of Kapole Co-Operative Bank, Malad (West) branch makes the system almost error free and faster. Use of Kapole Co-Operative Bank MICR codes for Malad (West) branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Kapole Bank Malad (West)

Kapole Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Kapole Co-Operative Bank MICR code for Malad (West) 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. 400076004 is the MICR code of Kapol Co Op Bank for Malad (West) branch. MICR code for Malad (West) 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 Kapole Co-Operative Bank Malad (West) is presented in the table alongside.

Use of Kapole Co-Operative Bank MICR code for Malad (West) branch in mumbai

The MICR code 400076004 is used in RBI cheque clearing process to identify the branch Malad (West) and Kapole Co-Operative 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 Kapol Co Op Bank is typically in either of these two font’s: E-138 and CMC-7.

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