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Bombay Mercantile Bank Malegaon Malegaon Maharashtra MICR CODE

Find MICR Codes for Bombay Mercantile Bank Malegaon Malegaon Maharashtra

MICR Code
Bank Bombay Mercantile Co Op Bank Limited
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Malegaon
Contact 2554-230692
Bank Details Bombay Mercantile Co Op Bank Limited Malegaon BMCB0000036
Location Malegaon, Malegaon
City Malegaon
District Malegaon
State Maharashtra
Pincode
Country IN
Address Opp. A.t.t. High school kidwai road, malegaon
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 malegaon

You can search through MICR Codes of Maharashtra branches in malegaon of District malegaon 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-

>>Malegaon

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

Bombay Mercantile Bank malegaon 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 malegaon, one can further search by branch name specified in the table. You can find MICR codes for all Bombay Mercantile Bank malegaon branches.

Bombay Mercantile Co Op Bank Limited MICR code in malegaon

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 malegaon 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 malegaon, 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 malegaon 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 malegaon 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 malegaon branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Bombay Mercantile Bank MICR codes for malegaon branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!