Let Others Know
×
LinkedIn
Email
WhatsApp

Mumbai District Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Mumbai District Bank Mumbai Mumbai Maharashtra

MICR Code
Bank Mumbai District Central Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Chembur Colony
Contact 25217776
Bank Details Mumbai District Central Co-Op Bank Ltd Chembur Colony MDCB0680054
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400074
Country IN
Address Om sai coop credit sty ltd,shop no 4 ac,1247,opp golf club,c g gidwani marg,chembur,mumbai 400074
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 400068054 for Chembur Colony 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 400068054 of Mumbai District Co Op Bank, Chembur Colony branch makes the system almost error free and faster. Use of Mumbai District Co Op Bank MICR codes for Chembur Colony branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Mumbai District Bank Chembur Colony

Mumbai District Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Mumbai District Co Op Bank MICR code for Chembur Colony 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. 400068054 is the MICR code of Mumbai District Central Co Op Bank for Chembur Colony branch. MICR code for Chembur Colony 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 Mumbai District Co Op Bank Chembur Colony is presented in the table alongside.

Use of Mumbai District Co Op Bank MICR code for Chembur Colony branch in mumbai

The MICR code 400068054 is used in RBI cheque clearing process to identify the branch Chembur Colony and Mumbai District Co Op 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 Mumbai District Central Co Op Bank is typically in either of these two font’s: E-138 and CMC-7.