MICR Code Bank
Find MICR code for Model Bank branches in India for NEFT and RTGS transfer

Model Bank MICR CODE

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  1. Model Co-Op bank ltd »
  2. Maharashtra »
  3. mumbai »
  4. mumbai »
  5. mahim

Find MICR Codes for Model Bank

MICR Code: 400807012
Bank: Model Co-Op bank ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Mahim
Contact: 22-24455600
Bank Details: Model Co-Op bank ltd Mahim MDBK0000020
Location: Mumbai, Mumbai
City: Mumbai
District: Mumbai
State: Maharashtra
Pincode: 400016
Country: IN
Address: 9/10,karam bhoomi premises chs ltd,mori road,mahim west,mumbai 400016

How does MICR code for 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 of Model Cooperative Bank Ltd, branch makes the system almost error free and faster. Use of Model Cooperative Bank Ltd MICR codes for 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

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 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 Model Co Op Bank Ltd for branch. MICR code for 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 is presented in the table alongside.

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

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