Model Bank Palghar Mumbai Maharashtra MICR CODE

Find MICR Codes for Model Bank Palghar Mumbai Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	400807021
Bank	Model Co-Op bank ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Vasai West
Contact	250-2383998
Bank Details	Model Co-Op bank ltd Vasai West MDBK0000028

Location	Palghar, Mumbai
City	Palghar
District	Mumbai
State	Maharashtra
Pincode
Country	IN
Address	Ltno/037b/04, cssii, cssichs oppgrci church, vsiwest, plghr

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 400807021 for Vasai West 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 400807021 of Model Cooperative Bank Ltd, Vasai West branch makes the system almost error free and faster. Use of Model Cooperative Bank Ltd MICR codes for Vasai West branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Model Co-Op bank ltd are available with micr code -

>>Palghar >>Vasai West >>Virar

MICR code for Model Bank Vasai West

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 Vasai West 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. 400807021 is the MICR code of Model Co Op Bank Ltd for Vasai West branch. MICR code for Vasai West 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 Vasai West is presented in the table alongside.

Use of Model Cooperative Bank Ltd MICR code for Vasai West branch in palghar

The MICR code 400807021 is used in RBI cheque clearing process to identify the branch Vasai West 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.

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