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Bombay Mercantile Bank Palanpur Palanpur Gujarat MICR CODE

Find MICR Codes for Bombay Mercantile Bank Palanpur Palanpur Gujarat

MICR Code
Bank Bombay Mercantile Co Op Bank Limited
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Palanpur
Contact 2742-254622
Bank Details Bombay Mercantile Co Op Bank Limited Palanpur BMCB0000040
Location Palanpur, Palanpur
City Palanpur
District Palanpur
State Gujarat
Pincode
Country IN
Address Vardhaman shopping centre, 1st floor, gatta naman gate, palanpur
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 palanpur

You can search through MICR Codes of Gujarat branches in palanpur of District palanpur in Gujarat 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-

>>Palanpur

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

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

Bombay Mercantile Co Op Bank Limited MICR code in palanpur

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