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Bombay Mercantile Bank Khuldabad Khuldabad Maharashtra MICR CODE

Find MICR Codes for Bombay Mercantile Bank Khuldabad Khuldabad Maharashtra

MICR Code
Bank Bombay Mercantile Co Op Bank Limited
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Khuldabad
Contact 2437-241047
Bank Details Bombay Mercantile Co Op Bank Limited Khuldabad BMCB0000032
Location Khuldabad, Khuldabad
City Khuldabad
District Khuldabad
State Maharashtra
Pincode
Country IN
Address Zarzari bux road,khuldabad
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.

Search Bombay Mercantile Bank MICR Codes in khuldabad

You can search through MICR Codes of Maharashtra branches in khuldabad of District khuldabad in Maharashtra State by using the search box or you can browse through the table using the conrols at the bottom.

Bombay Mercantile Co Op Bank Limited branches with micr codes are available in 1 cities-

>>Khuldabad

How to find MICR codes for Bombay Mercantile Bank in khuldabad?

Bombay Mercantile Bank khuldabad MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Bombay Mercantile Co Op Bank Limited MICR codes list for khuldabad, one can further search by branch name specified in the table. You can find MICR codes for all Bombay Mercantile Bank khuldabad branches.

Bombay Mercantile Co Op Bank Limited MICR code in khuldabad

Bombay Mercantile Bank MICR code is a character recognition technology used by banks in the processing of cheques. Bombay Mercantile Co Op Bank Limited MICR code for khuldabad branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Bombay Mercantile Bank branches in khuldabad, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Bombay Mercantile Bank MICR code for khuldabad branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Bombay Mercantile Bank khuldabad branch, sprinted 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. Thus MICR code for Bombay Mercantile Co Op Bank Limited khuldabad branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Bombay Mercantile Bank MICR codes for khuldabad branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!