Standard Chartered Bank Mumbai Greater Bombay Maharashtra MICR CODE

Find MICR Codes for Standard Chartered Bank Mumbai Greater Bombay Maharashtra

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MICR Code	-NA-
Bank	Standard Chartered Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Lokhandwala Branch
Contact	26327732
Bank Details	Standard Chartered Bank Lokhandwala Branch SCBL0036053

Location	Mumbai, Greater Bombay
City	Mumbai
District	Greater Bombay
State	Maharashtra
Pincode	400053
Country	IN
Address	Lokhandwala branch, - 21 -23, samartha vaibhav, shree swami samarth nagar, off new link road, lokhandwala, andheri (w), mumbai - 400 053

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 Lokhandwala Branch 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 SCB, Lokhandwala Branch branch makes the system almost error free and faster. Use of SCB MICR codes for Lokhandwala Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 18 branches of Standard Chartered Bank are available with micr code -

>>23 25 Mg Road >>Andheri >>Bandra >>Borivali >>Breach Candy >>Chembur >>Chowpatty >>Dadar >>Ghatkopar >>Goregaon >>Lokhandwala Branch >>Mg Road Branch (90Rd) Clearing Code 222 >>Mg Road Branch (90Rd) Clearing Code 225 >>Oriental Branch >>Santacruz (Linking Rd.) >>Santacruz Centre Point >>Sg Marg >>Villeparle

MICR code for Standard Chartered Bank Lokhandwala Branch

Standard Chartered Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. SCB MICR code for Lokhandwala Branch 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 Standard Chartered Bank for Lokhandwala Branch branch. MICR code for Lokhandwala Branch 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 SCB Lokhandwala Branch is presented in the table alongside.

Use of SCB MICR code for Lokhandwala Branch branch in mumbai

The MICR code 0 is used in RBI cheque clearing process to identify the branch Lokhandwala Branch and SCB 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 Standard Chartered Bank is typically in either of these two font’s: E-138 and CMC-7.

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