Citizen Credit Bank Virar Palghar Maharashtra MICR CODE

Find MICR Codes for Citizen Credit Bank Virar Palghar Maharashtra

MICR Code
Bank Citizencredit Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Virar
Contact 26442829
Bank Details Citizencredit Co-Op Bank Ltd Virar CCBL0209035
Location Virar, Palghar
City Virar
District Palghar
State Maharashtra
Pincode 401303
Country IN
Address Harshgeet ground floor, sugandhi heights, kharodi naka, bolinj, virar west - 401303
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 400209035 for Virar 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 400209035 of Citizen Cooperartive Bank, Virar branch makes the system almost error free and faster. Use of Citizen Cooperartive Bank MICR codes for Virar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Citizencredit Co-Op Bank Ltd are available with micr code -

>>Virar

MICR code for Citizen Credit Bank Virar

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 Virar 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. 400209035 is the MICR code of Citizen Credit Co-Op Bank for Virar branch. MICR code for Virar 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 Virar is presented in the table alongside.

Use of Citizen Cooperartive Bank MICR code for Virar branch in virar

The MICR code 400209035 is used in RBI cheque clearing process to identify the branch Virar 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.

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