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 Parel Village
Contact 24126542
Bank Details Mumbai District Central Co-Op Bank Ltd Parel Village MDCB0680034
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400012
Country IN
Address Ashtavinayak building, ground floor, g. D. Ambekar road,near hafkin & r.m.m.s.,parel village,mumbai - 400 012.
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 400068034 for Parel Village 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 400068034 of Mumbai District Co Op Bank, Parel Village branch makes the system almost error free and faster. Use of Mumbai District Co Op Bank MICR codes for Parel Village branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Mumbai District Bank Parel Village

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 Parel Village 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. 400068034 is the MICR code of Mumbai District Central Co Op Bank for Parel Village branch. MICR code for Parel Village 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 Parel Village is presented in the table alongside.

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

The MICR code 400068034 is used in RBI cheque clearing process to identify the branch Parel Village 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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