ING Vysya Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for ING Vysya Bank Mumbai Mumbai Maharashtra

MICR Code
Bank Ing Vysya Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mandvi
Contact Rtgshelpdesk@ingvysyabank.Com
Bank Details Ing Vysya Bank Ltd Mandvi VYSA0005050
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400009
Country IN
Address 382/384,narisinaha street, katha bazaar, mandvi mumbai - 400009.
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 400064003 for Mandvi 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 400064003 of ING Vysya, Mandvi branch makes the system almost error free and faster. Use of ING Vysya MICR codes for Mandvi branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for ING Vysya Bank Mandvi

ING Vysya Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ING Vysya MICR code for Mandvi 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. 400064003 is the MICR code of ING Bank for Mandvi branch. MICR code for Mandvi 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 ING Vysya Mandvi is presented in the table alongside.

Use of ING Vysya MICR code for Mandvi branch in mumbai

The MICR code 400064003 is used in RBI cheque clearing process to identify the branch Mandvi and ING Vysya 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 ING Bank is typically in either of these two font’s: E-138 and CMC-7.

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