Municipal Co Op Bank Mumbai Greater Bombay Maharashtra MICR CODE

Find MICR Codes for Municipal Co Op Bank Mumbai Greater Bombay Maharashtra

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MICR Code	400110021
Bank	The Municipal Co-Operative Bank Ltd. Mumbai
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Borivali
Contact	022-2891 2244
Bank Details	The Municipal Co-Operative Bank Ltd. Mumbai Borivali MUBL0000021

Location	Mumbai, Greater Bombay
City	Mumbai
District	Greater Bombay
State	Maharashtra
Pincode	400092
Country	IN
Address	Prabodhankar thackare natya griha, sodawala lane, borivali (w),mumbai-400 092

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.

The Municipal Co-Operative Bank Ltd. Mumbai »
Maharashtra »
Greater Bombay »
Mumbai »
Borivali (400110021)

How does MICR code 400110021 for Borivali 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 400110021 of Municipal Bank Mumbai, Borivali branch makes the system almost error free and faster. Use of Municipal Bank Mumbai MICR codes for Borivali branch, makes the characters readable even if there are other marks and stamps on it.

A total of 22 branches of The Municipal Co-Operative Bank Ltd. Mumbai are available with micr code -

>>Andheri (East) >>Andheri (West) >>Bandra >>Bhandup >>Borivali >>Byculla >>Chembur >>Cst >>Dadar (G North) >>Deonar >>Ghatkopar >>Girgaum >>Head Office Accounts Section >>Head Office Branch >>Kandivali >>Marine Lines >>Mulund >>Nair >>Nanachowk >>Parel (F South) >>Parel (G South) >>Sion

MICR code for Municipal Co Op Bank Borivali

Municipal Co Op Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Municipal Bank Mumbai MICR code for Borivali 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. 400110021 is the MICR code of Municipal Co Op Bank Mumbai for Borivali branch. MICR code for Borivali 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 Municipal Bank Mumbai Borivali is presented in the table alongside.

Use of Municipal Bank Mumbai MICR code for Borivali branch in mumbai

The MICR code 400110021 is used in RBI cheque clearing process to identify the branch Borivali and Municipal Bank Mumbai 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 Municipal Co Op Bank Mumbai is typically in either of these two font’s: E-138 and CMC-7.

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