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Mashreq Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Mashreq Bank Mumbai Mumbai Maharashtra

MICR Code
Bank Mashreq Bank Psc
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mumbai Branch
Contact 022 66327200
Bank Details Mashreq Bank Psc Mumbai Branch MSHQ0000001
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400021
Country IN
Address 1305, raheja centre,nariman pt, mumbai - 400021
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 400205002 for Mumbai Branch 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 400205002 of Mashreq Bank India, Mumbai Branch branch makes the system almost error free and faster. Use of Mashreq Bank India MICR codes for Mumbai Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Mashreq Bank Psc are available with micr code -

>>Mumbai Branch

MICR code for Mashreq Bank Mumbai Branch

Mashreq Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Mashreq Bank India MICR code for Mumbai Branch 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. 400205002 is the MICR code of Mashreq Bank for Mumbai Branch branch. MICR code for Mumbai Branch 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 Mashreq Bank India Mumbai Branch is presented in the table alongside.

Use of Mashreq Bank India MICR code for Mumbai Branch branch in mumbai

The MICR code 400205002 is used in RBI cheque clearing process to identify the branch Mumbai Branch and Mashreq Bank India 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 Mashreq Bank is typically in either of these two font’s: E-138 and CMC-7.