MICR Code Bank
Find MICR code for Kapole Bank Malad branches in India for NEFT and RTGS transfer

Kapole Bank Malad MICR CODE

Find MICR Codes for Kapole Bank Malad

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  1. Kapole Co-Op Bank »
  2. Maharashtra »
  3. mumbai »
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  5. malad (west)

Find MICR Codes for Kapole Bank Malad

MICR Code: 400076004
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

How does MICR code for malad 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 of Kapole Co-Operative Bank, malad branch makes the system almost error free and faster. Use of Kapole Co-Operative Bank MICR codes for malad branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Kapole Bank malad

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 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. is the MICR code of Kapol Co Op Bank for malad branch. MICR code for malad 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 is presented in the table alongside.

Use of Kapole Co-Operative Bank MICR code for malad branch in mumbai

The MICR code is used in RBI cheque clearing process to identify the branch malad 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.