Mumbai District Bank Mumbai Greater Ombay Maharashtra MICR CODE

Find MICR Codes for Mumbai District Bank Mumbai Greater Ombay Maharashtra

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MICR Code
Bank Mumbai District Central Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Dadar West
Contact
Bank Details Mumbai District Central Co-Op Bank Ltd Dadar West MDCB0680057
Location Mumbai, Greater Ombay
City Mumbai
District Greater Ombay
State Maharashtra
Pincode 400003
Country IN
Address 1st floor priyadarshini mahila chs ltd,62 bhawani shankar road,opposite brahman seva mandal,mumbai 400 003
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 0 for Dadar 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 0 of Mumbai District Co Op Bank, Dadar West branch makes the system almost error free and faster. Use of Mumbai District Co Op Bank MICR codes for Dadar West branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Mumbai District Central Co-Op Bank Ltd are available with micr code -

>>Dadar West >>Santacruz East

MICR code for Mumbai District Bank Dadar West

Mumbai District Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Mumbai District Co Op Bank MICR code for Dadar 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. 0 is the MICR code of Mumbai District Central Co Op Bank for Dadar West branch. MICR code for Dadar 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 Mumbai District Co Op Bank Dadar West is presented in the table alongside.

Use of Mumbai District Co Op Bank MICR code for Dadar West branch in mumbai

The MICR code 0 is used in RBI cheque clearing process to identify the branch Dadar West and Mumbai District 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 Mumbai District Central Co Op Bank is typically in either of these two font’s: E-138 and CMC-7.

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