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Karad Urban Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Karad Urban Bank Mumbai Mumbai Maharashtra

MICR Code
Bank The Karad Urban Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Fort Mumbai
Contact 9967035505
Bank Details The Karad Urban Co-Op Bank Ltd Fort Mumbai KUCB0488036
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400023
Country IN
Address 79,81, m.b.house,ground floor, janmbhoomi marg, fort
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 400082587 for Fort 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 400082587 of Karad Urban Co Op Bank, Fort Mumbai branch makes the system almost error free and faster. Use of Karad Urban Co Op Bank MICR codes for Fort Mumbai branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of The Karad Urban Co-Op Bank Ltd are available with micr code -

>>Dadar >>Fort Mumbai

MICR code for Karad Urban Bank Fort Mumbai

Karad Urban Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Karad Urban Co Op Bank MICR code for Fort 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. 400082587 is the MICR code of Karad Urban Co-Operative Bank for Fort Mumbai branch. MICR code for Fort 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 Karad Urban Co Op Bank Fort Mumbai is presented in the table alongside.

Use of Karad Urban Co Op Bank MICR code for Fort Mumbai branch in mumbai

The MICR code 400082587 is used in RBI cheque clearing process to identify the branch Fort Mumbai and Karad Urban Co Op 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 Karad Urban Co-Operative Bank is typically in either of these two font’s: E-138 and CMC-7.