|
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 of Maharashtra State Co Operative Bank, borivali branch makes the system almost error free and faster. Use of Maharashtra State Co Operative Bank MICR codes for borivali branch, makes the characters readable even if there are other marks and stamps on it.
>>Andheri (E) >>Bandra (E) >>Bandra (W) >>Borivali (W) >>Byculla >>Chembur >>Chembur Extension Counter >>Dahisar >>Fort Ho >>Fort Mumbai >>Ghatkopar >>Goregaon >>Jogeshwari >>Jogeshwari (Extn.Counter) >>Kandivali >>Khar >>Kurla >>Lalbaug >>Mahim >>Malad >>Matunga >>Mulund >>Parel >>Pedder Road >>Prabhadevi >>Santacruz (E) >>Santacruz (W) >>Shivaji Park >>Sion >>The Sahyadri Sahakari Bank Ltd Mumbai >>Tilaknagar (Chembur) >>Umarkhadi >>Vashi >>Versova >>Vikhroli >>Vileparle (E) >>Vileparle (W) >>Y.C.P. (Extn. Counter)
Maharashtra State Co Op Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Maharashtra State Co Operative Bank MICR code for borivali 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. is the MICR code of Maharashtra State Co Op Bank for borivali branch. MICR code for borivali 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 Maharashtra State Co Operative Bank borivali is presented in the table alongside.
The MICR code is used in RBI cheque clearing process to identify the branch borivali and Maharashtra State Co Operative 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 Maharashtra State Co Op Bank is typically in either of these two font’s: E-138 and CMC-7.