Let Others Know
×
LinkedIn
Email
WhatsApp

Bharat Bank Mumbai Greater Bombay Maharashtra MICR CODE

Find MICR Codes for Bharat Bank Mumbai Greater Bombay Maharashtra

MICR Code
Bank Bharat Co-Op Bank (Mumbai) Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Chembur Branch
Contact 2528 5066,2528 7273
Bank Details Bharat Co-Op Bank (Mumbai) Ltd Chembur Branch BCBM0000005
Location Mumbai, Greater Bombay
City Mumbai
District Greater Bombay
State Maharashtra
Pincode 400071
Country IN
Address Gangangiri complex, 18th road, near ambedkar garden, chembur, mumbai-400071.
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 400112005 for Chembur 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 400112005 of Bharat Coop Bank, Chembur Branch branch makes the system almost error free and faster. Use of Bharat Coop Bank MICR codes for Chembur Branch branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bharat Bank Chembur Branch

Bharat Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Bharat Coop Bank MICR code for Chembur 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. 400112005 is the MICR code of Bharat Cooperative Bank for Chembur Branch branch. MICR code for Chembur 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 Bharat Coop Bank Chembur Branch is presented in the table alongside.

Use of Bharat Coop Bank MICR code for Chembur Branch branch in mumbai

The MICR code 400112005 is used in RBI cheque clearing process to identify the branch Chembur Branch and Bharat Coop 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 Bharat Cooperative Bank is typically in either of these two font’s: E-138 and CMC-7.