Municipal Co Op Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Municipal Co Op Bank Mumbai Mumbai Maharashtra

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MICR Code
Bank The Municipal Co-Operative Bank Ltd. Mumbai
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Goregaon
Contact
Bank Details The Municipal Co-Operative Bank Ltd. Mumbai Goregaon MUBL0000028
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode
Country IN
Address The municipal co operative bank ltd., mumbai p south municipal ward office, cts no. 746, s. V. Raod, near goregaon skywalk, goregaon (west)
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 Goregaon 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 Municipal Bank Mumbai, Goregaon branch makes the system almost error free and faster. Use of Municipal Bank Mumbai MICR codes for Goregaon branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of The Municipal Co-Operative Bank Ltd. Mumbai are available with micr code -

>>Goregaon >>Service Center

MICR code for Municipal Co Op Bank Goregaon

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 Goregaon 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 Municipal Co Op Bank Mumbai for Goregaon branch. MICR code for Goregaon 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 Goregaon is presented in the table alongside.

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

The MICR code 0 is used in RBI cheque clearing process to identify the branch Goregaon 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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