Mumbai District Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Mumbai District Bank Mumbai Mumbai 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 Mahim
Contact 24318567
Bank Details Mumbai District Central Co-Op Bank Ltd Mahim MDCB0680021
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400016
Country IN
Address Yashwantrao chavan natya sankul, opp.bombay glass works, j. K. Sawant marg,mahim (w),mumbai - 400 016.
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 400068021 for Mahim 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 400068021 of Mumbai District Co Op Bank, Mahim branch makes the system almost error free and faster. Use of Mumbai District Co Op Bank MICR codes for Mahim branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Mumbai District Bank Mahim

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 Mahim 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. 400068021 is the MICR code of Mumbai District Central Co Op Bank for Mahim branch. MICR code for Mahim 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 Mahim is presented in the table alongside.

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

The MICR code 400068021 is used in RBI cheque clearing process to identify the branch Mahim 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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