Mahanagar Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Mahanagar Bank Mumbai Mumbai Maharashtra

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MICR Code	400096025
Bank	Mahanagar Co-Op Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Cloaba
Contact	022 22821856
Bank Details	Mahanagar Co-Op Bank Ltd Cloaba MCBL0960025

Location	Mumbai, Mumbai
City	Mumbai
District	Mumbai
State	Maharashtra
Pincode	400005
Country	IN
Address	Kasturi building, ground floor, hom rasji street, colaba, mumbai pin. 400005. Ph. No. 022 22821856

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 400096025 for Cloaba 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 400096025 of Mahanagar Co Op Bank, Cloaba branch makes the system almost error free and faster. Use of Mahanagar Co Op Bank MICR codes for Cloaba branch, makes the characters readable even if there are other marks and stamps on it.

A total of 20 branches of Mahanagar Co-Op Bank Ltd are available with micr code -

>>Bhandup >>Borivali >>Borivali Magathane >>Carnac Bunder >>Carnac Bunder Branch >>Chembur >>Cloaba >>Dadar >>Fort >>Ghatkopar >>Head Office >>Ho >>Kalachowki >>Kandivali >>Lalbaug >>Mulund >>Rtgsho >>Sewri >>Vikhroli >>Worli

MICR code for Mahanagar Bank Cloaba

Mahanagar Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Mahanagar Co Op Bank MICR code for Cloaba 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. 400096025 is the MICR code of Mahanagar Cooperative Bank for Cloaba branch. MICR code for Cloaba 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 Mahanagar Co Op Bank Cloaba is presented in the table alongside.

Use of Mahanagar Co Op Bank MICR code for Cloaba branch in mumbai

The MICR code 400096025 is used in RBI cheque clearing process to identify the branch Cloaba and Mahanagar Co Op 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 Mahanagar Cooperative Bank is typically in either of these two font’s: E-138 and CMC-7.

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