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Commonwealth Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Commonwealth Bank Mumbai Mumbai Maharashtra

Bank Commonwealth Bank of Australia
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mumbai
Contact +91 22 6139 0100
Bank Details Commonwealth Bank of Australia Mumbai CTBA0000001
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400021
Country IN
Address Level 2, hoechst house, nariman point, mumbai 400 021
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 400240268 for Mumbai 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 400240268 of CBA Bank, Mumbai branch makes the system almost error free and faster. Use of CBA Bank MICR codes for Mumbai branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Commonwealth Bank of Australia are available with micr code -


MICR code for Commonwealth Bank Mumbai

Commonwealth Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. CBA Bank MICR code for Mumbai 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. 400240268 is the MICR code of Commonwealth Bank Of Australia for Mumbai branch. MICR code for Mumbai 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 CBA Bank Mumbai is presented in the table alongside.

Use of CBA Bank MICR code for Mumbai branch in mumbai

The MICR code 400240268 is used in RBI cheque clearing process to identify the branch Mumbai and CBA 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 Commonwealth Bank Of Australia is typically in either of these two font’s: E-138 and CMC-7.