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Qatar National Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Qatar National Bank Mumbai Mumbai Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	400240276
Bank	Qatar Natoinal Bank SAQ
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Rtgsho
Contact	62296306
Bank Details	Qatar Natoinal Bank SAQ Rtgsho QNBA0000001

Location	Mumbai, Mumbai
City	Mumbai
District	Mumbai
State	Maharashtra
Pincode	400013
Country	IN
Address	G-1a, ground floor,4 north avenue, maker maxity, bandra kurla complex, bandra east, mumbai-400051

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 400240276 for Rtgsho 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 400240276 of QNB, Rtgsho branch makes the system almost error free and faster. Use of QNB MICR codes for Rtgsho branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Qatar Natoinal Bank SAQ are available with micr code -

>>Rtgsho >>Service Center

MICR code for Qatar National Bank Rtgsho

Qatar National Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. QNB MICR code for Rtgsho 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. 400240276 is the MICR code of Qatar National Bank for Rtgsho branch. MICR code for Rtgsho 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 QNB Rtgsho is presented in the table alongside.

Use of QNB MICR code for Rtgsho branch in mumbai

The MICR code 400240276 is used in RBI cheque clearing process to identify the branch Rtgsho and QNB 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 Qatar National Bank is typically in either of these two font’s: E-138 and CMC-7.