Central Bank Hyderabad Hyderabad Urban Andhra Pradesh MICR CODE

Find MICR Codes for Central Bank Hyderabad Hyderabad Urban Andhra Pradesh

MICR Code
Bank Central Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Monda
Contact
Bank Details Central Bank Of India Monda CBIN0280815
Location Hyderabad, Hyderabad Urban
City Hyderabad
District Hyderabad Urban
State Andhra Pradesh
Pincode 500003
Country IN
Address 7-1-409, maruhi veedhi monda, secunderabad| hyderabad andhrapradesh 500003
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 500016013 for Monda 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 500016013 of Central Bank Of India, Monda branch makes the system almost error free and faster. Use of Central Bank Of India MICR codes for Monda branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Central Bank Monda

Central Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Central Bank Of India MICR code for Monda 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. 500016013 is the MICR code of Central Bank India for Monda branch. MICR code for Monda 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 Central Bank Of India Monda is presented in the table alongside.

Use of Central Bank Of India MICR code for Monda branch in hyderabad

The MICR code 500016013 is used in RBI cheque clearing process to identify the branch Monda and Central Bank Of India 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 Central Bank India is typically in either of these two font’s: E-138 and CMC-7.

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