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Bombay Mercantile Bank Navi Mumbai Navi Mumbai Maharashtra MICR CODE

Find MICR Codes for Bombay Mercantile Bank Navi Mumbai Navi Mumbai Maharashtra

MICR Code
Bank Bombay Mercantile Co Op Bank Limited
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Vashi Sector Seventeen
Contact 22-27890592
Bank Details Bombay Mercantile Co Op Bank Limited Vashi Sector Seventeen BMCB0000023
Location Navi Mumbai, Navi Mumbai
City Navi Mumbai
District Navi Mumbai
State Maharashtra
Pincode
Country IN
Address Vardhman chambers co-operative housing society ltd.shop no.5 to 7 & 11, plot no.84, vashi sector - 17, navi mumbai
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 Vashi Sector Seventeen 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 Bombay Mercantile Co Op Bank Limited, Vashi Sector Seventeen branch makes the system almost error free and faster. Use of Bombay Mercantile Co Op Bank Limited MICR codes for Vashi Sector Seventeen branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Bombay Mercantile Co Op Bank Limited are available with micr code -

>>Panvel >>Vashi Sector Seventeen >>Vashi Sectorseven

MICR code for Bombay Mercantile Bank Vashi Sector Seventeen

Bombay Mercantile Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Bombay Mercantile Co Op Bank Limited MICR code for Vashi Sector Seventeen 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 Bombay Mercantile Bank for Vashi Sector Seventeen branch. MICR code for Vashi Sector Seventeen 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 Bombay Mercantile Co Op Bank Limited Vashi Sector Seventeen is presented in the table alongside.

Use of Bombay Mercantile Co Op Bank Limited MICR code for Vashi Sector Seventeen branch in navi mumbai

The MICR code 0 is used in RBI cheque clearing process to identify the branch Vashi Sector Seventeen and Bombay Mercantile Co Op Bank Limited 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 Bombay Mercantile Bank is typically in either of these two font’s: E-138 and CMC-7.