MICR Code Bank
Find MICR code for Vijaya Bank Mulund branches in India for NEFT and RTGS transfer

Vijaya Bank Mulund MICR CODE

Find MICR Codes for Vijaya Bank Mulund

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  1. Vijaya Bank »
  2. Maharashtra »
  3. greater bombay »
  4. mumbai »
  5. mulund (west) mumbai

Find MICR Codes for Vijaya Bank Mulund

MICR Code: 400029053
Bank: Vijaya Bank
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Mulund (West) Mumbai
Contact:
Bank Details: Vijaya Bank Mulund (West) Mumbai VIJB0005078
Location: Mumbai, Greater Bombay
City: Mumbai
District: Greater Bombay
State: Maharashtra
Pincode: 400080
Country: IN
Address: Shanti villa, ganesh gawade road, near babajiki zoapadi, mulund(w), mumbai-400080

How does MICR code for mulund 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 of Vijaya Bank, mulund branch makes the system almost error free and faster. Use of Vijaya Bank MICR codes for mulund branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Vijaya Bank mulund

Vijaya Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Vijaya Bank MICR code for mulund 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. is the MICR code of Vijaya Bank for mulund branch. MICR code for mulund 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 Vijaya Bank mulund is presented in the table alongside.

Use of Vijaya Bank MICR code for mulund branch in mumbai

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