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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 Goregaon West
Contact Shobha Dayanand 26857660/ 26857777
Bank Details Bharat Co-Op Bank (Mumbai) Ltd Goregaon West BCBM0000037
Location Mumbai, Greater Bombay
City Mumbai
District Greater Bombay
State Maharashtra
Pincode 400104
Country IN
Address Shree chintamani chs ltd., m. G. Road, near waman hari pethe jewellers, goregaon (west) mumbai -62
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 Goregaon West 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 Bharat Coop Bank, Goregaon West branch makes the system almost error free and faster. Use of Bharat Coop Bank MICR codes for Goregaon West branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bharat Bank Goregaon West

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 Goregaon West 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 Bharat Cooperative Bank for Goregaon West branch. MICR code for Goregaon West 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 Goregaon West is presented in the table alongside.

Use of Bharat Coop Bank MICR code for Goregaon West branch in mumbai

The MICR code 0 is used in RBI cheque clearing process to identify the branch Goregaon West 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.