Hana Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Hana Bank Mumbai Mumbai Maharashtra

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MICR Code
Bank KEB Hana Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mumbai
Contact 22-45916730
Bank Details KEB Hana Bank Mumbai KOEX0000004
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400013
Country IN
Address Unit 1204-a, 12a floor, tower 2a, one world centre,841,senapati bapat marg, elphinstone, saidham nagar, lower parel,mumbai, maharashtra, pincode-400013
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 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 0 of KEB Hana Bank, Mumbai branch makes the system almost error free and faster. Use of KEB Hana 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 KEB Hana Bank are available with micr code -

>>Mumbai

MICR code for Hana Bank Mumbai

Hana Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. KEB Hana 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. 0 is the MICR code of Hana Bank 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 KEB Hana Bank Mumbai is presented in the table alongside.

Use of KEB Hana Bank MICR code for Mumbai branch in mumbai

The MICR code 0 is used in RBI cheque clearing process to identify the branch Mumbai and KEB Hana 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 Hana Bank is typically in either of these two font’s: E-138 and CMC-7.

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