Let Others Know
×
LinkedIn
Email
WhatsApp

Citizen Credit Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Citizen Credit Bank Mumbai Mumbai Maharashtra

MICR Code
Bank Citizencredit Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Byculla Branch
Contact 23726815 Fax-23730019
Bank Details Citizencredit Co-Op Bank Ltd Byculla Branch CCBL0209004
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400010
Country IN
Address St.mary's extension nesbit road,mazgaon,mumbai 400010
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 400209004 for Byculla Branch 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 400209004 of Citizen Cooperartive Bank, Byculla Branch branch makes the system almost error free and faster. Use of Citizen Cooperartive Bank MICR codes for Byculla Branch branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Citizen Credit Bank Byculla Branch

Citizen Credit Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Citizen Cooperartive Bank MICR code for Byculla Branch 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. 400209004 is the MICR code of Citizen Credit Co-Op Bank for Byculla Branch branch. MICR code for Byculla Branch 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 Citizen Cooperartive Bank Byculla Branch is presented in the table alongside.

Use of Citizen Cooperartive Bank MICR code for Byculla Branch branch in mumbai

The MICR code 400209004 is used in RBI cheque clearing process to identify the branch Byculla Branch and Citizen Cooperartive Bank 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 Citizen Credit Co-Op Bank is typically in either of these two font’s: E-138 and CMC-7.