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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 Marol Branch
Contact 28215286 Fax-28261232
Bank Details Citizencredit Co-Op Bank Ltd Marol Branch CCBL0209018
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400059
Country IN
Address St.john the evangelist high school,marol,andheri (e) mumbai 400059
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 400209018 for Marol 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 400209018 of Citizen Cooperartive Bank, Marol Branch branch makes the system almost error free and faster. Use of Citizen Cooperartive Bank MICR codes for Marol Branch branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Citizen Credit Bank Marol 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 Marol 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. 400209018 is the MICR code of Citizen Credit Co-Op Bank for Marol Branch branch. MICR code for Marol 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 Marol Branch is presented in the table alongside.

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

The MICR code 400209018 is used in RBI cheque clearing process to identify the branch Marol 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.