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Maharashtra State Co Op Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Maharashtra State Co Op Bank Mumbai Mumbai Maharashtra

MICR Code
Bank Maharashtra State Co-Op Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Pedder Road
Contact 022-23526783
Bank Details Maharashtra State Co-Op Bank Pedder Road MSCI0082012
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400026
Country IN
Address 63, ratan, dr. G. Deshmukh marg, pedder rd. Mumbai-400026.
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 400082012 for Pedder Road 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 400082012 of Maharashtra State Co Operative Bank, Pedder Road branch makes the system almost error free and faster. Use of Maharashtra State Co Operative Bank MICR codes for Pedder Road branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Maharashtra State Co Op Bank Pedder Road

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 Pedder Road 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. 400082012 is the MICR code of Maharashtra State Co Op Bank for Pedder Road branch. MICR code for Pedder Road 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 Pedder Road is presented in the table alongside.

Use of Maharashtra State Co Operative Bank MICR code for Pedder Road branch in mumbai

The MICR code 400082012 is used in RBI cheque clearing process to identify the branch Pedder Road 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.