RBS Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for RBS Bank Mumbai Mumbai Maharashtra

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MICR Code
Bank Royal Bank Of Scotland
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Lower Parel West Mumbai
Contact 0
Bank Details Royal Bank Of Scotland Lower Parel West Mumbai ABNA0NEFT02
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400013
Country IN
Address Abn amro bank,414 empire complex,senapati bapat marg lower parel west mumbai 400013
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 Lower Parel West Mumbai 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 Royal Bank Of Scotland, Lower Parel West Mumbai branch makes the system almost error free and faster. Use of Royal Bank Of Scotland MICR codes for Lower Parel West Mumbai branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Royal Bank Of Scotland are available with micr code -

>>Lower Parel West Mumbai >>Treasury

MICR code for RBS Bank Lower Parel West Mumbai

RBS Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Royal Bank Of Scotland MICR code for Lower Parel West Mumbai 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 Royal Scotland Bank for Lower Parel West Mumbai branch. MICR code for Lower Parel West Mumbai 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 Royal Bank Of Scotland Lower Parel West Mumbai is presented in the table alongside.

Use of Royal Bank Of Scotland MICR code for Lower Parel West Mumbai branch in mumbai

The MICR code 0 is used in RBI cheque clearing process to identify the branch Lower Parel West Mumbai and Royal Bank Of Scotland 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 Royal Scotland Bank is typically in either of these two font’s: E-138 and CMC-7.

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