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	400110018
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	Sion
Contact	022-2409 2919
Bank Details	The Municipal Co-Operative Bank Ltd. Mumbai Sion MUBL0000018

Location	Mumbai, Greater Bombay
City	Mumbai
District	Greater Bombay
State	Maharashtra
Pincode	400022
Country	IN
Address	Lokmanya tilak municipal general hospital building, sion, mumbai–400 022.

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 »
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Sion (400110018)

How does MICR code 400110018 for Sion 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 400110018 of Municipal Bank Mumbai, Sion branch makes the system almost error free and faster. Use of Municipal Bank Mumbai MICR codes for Sion 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 Sion

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 Sion 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. 400110018 is the MICR code of Municipal Co Op Bank Mumbai for Sion branch. MICR code for Sion 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 Sion is presented in the table alongside.

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

The MICR code 400110018 is used in RBI cheque clearing process to identify the branch Sion 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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