Tamilnad Mercantile Bank Panvel Raigad Maharashtra MICR CODE

Find MICR Codes for Tamilnad Mercantile Bank Panvel Raigad Maharashtra

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MICR Code
Bank Tamilnad Mercantile Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sukapur
Contact 9930662901
Bank Details Tamilnad Mercantile Bank Ltd Sukapur TMBL0000293
Location Panvel, Raigad
City Panvel
District Raigad
State Maharashtra
Pincode 410206
Country IN
Address Ground floor, shakthi veg oils ltd premises, panvel matheran road, sukapur- 410 206, raigad district
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 400060010 for Sukapur 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 400060010 of TMB Bank, Sukapur branch makes the system almost error free and faster. Use of TMB Bank MICR codes for Sukapur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Tamilnad Mercantile Bank Ltd are available with micr code -

>>Sukapur

MICR code for Tamilnad Mercantile Bank Sukapur

Tamilnad Mercantile Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. TMB Bank MICR code for Sukapur 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. 400060010 is the MICR code of Tamilnad Bank for Sukapur branch. MICR code for Sukapur 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 TMB Bank Sukapur is presented in the table alongside.

Use of TMB Bank MICR code for Sukapur branch in panvel

The MICR code 400060010 is used in RBI cheque clearing process to identify the branch Sukapur and TMB Bank 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 Tamilnad Bank is typically in either of these two font’s: E-138 and CMC-7.

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