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Model Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Model Bank Mumbai Mumbai Maharashtra

MICR Code
Bank Model Co-Op bank ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Andheri
Contact 22-28371714
Bank Details Model Co-Op bank ltd Andheri MDBK0000011
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400093
Country IN
Address Vishwa nanak apts,chakala junction,andheri east,mumbai 400093
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 400807003 for Andheri 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 400807003 of Model Cooperative Bank Ltd, Andheri branch makes the system almost error free and faster. Use of Model Cooperative Bank Ltd MICR codes for Andheri branch, makes the characters readable even if there are other marks and stamps on it.

A total of 16 branches of Model Co-Op bank ltd are available with micr code -

>>Amboli >>Andheri >>Borivli >>Dahisar >>Fort >>Ghatkopar >>Goregaon >>Kalina >>Kanjur Marg >>Mahim >>Malad >>Mulund >>Neft Service Center >>Rtgsho >>Sakinaka >>Vikhroli

MICR code for Model Bank Andheri

Model Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Model Cooperative Bank Ltd MICR code for Andheri 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. 400807003 is the MICR code of Model Co Op Bank Ltd for Andheri branch. MICR code for Andheri 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 Model Cooperative Bank Ltd Andheri is presented in the table alongside.

Use of Model Cooperative Bank Ltd MICR code for Andheri branch in mumbai

The MICR code 400807003 is used in RBI cheque clearing process to identify the branch Andheri and Model Cooperative Bank Ltd 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 Model Co Op Bank Ltd is typically in either of these two font’s: E-138 and CMC-7.