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Exim Bank Of India Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Exim Bank Of India Mumbai Mumbai Maharashtra

MICR Code
Bank Export Import Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Service Center
Contact 0
Bank Details Export Import Bank Of India Service Center EIBI00000SC
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400005
Country IN
Address Floor 21,center one building,world trade centre complex,cuffe parade,mumbai 400005.
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 0 for Service Center 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 0 of Export Import Bank Of India, Service Center branch makes the system almost error free and faster. Use of Export Import Bank Of India MICR codes for Service Center branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Export Import Bank Of India are available with micr code -

>>Raheja Center >>Rtgs Ho >>Service Center

MICR code for Exim Bank Of India Service Center

Exim Bank Of India MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Export Import Bank Of India MICR code for Service Center 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. 0 is the MICR code of Exim Bank Of India for Service Center branch. MICR code for Service Center 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 Export Import Bank Of India Service Center is presented in the table alongside.

Use of Export Import Bank Of India MICR code for Service Center branch in mumbai

The MICR code 0 is used in RBI cheque clearing process to identify the branch Service Center and Export Import 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 Exim Bank Of India is typically in either of these two font’s: E-138 and CMC-7.