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RBI Mumbai Greater Bombay Maharashtra MICR CODE

Find MICR Codes for RBI Mumbai Greater Bombay Maharashtra

MICR Code
Bank Reserve Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Pad Mumbai
Contact 022- 22662836/22676534
Bank Details Reserve Bank Of India Pad Mumbai RBIS0MBPA04
Location Mumbai, Greater Bombay
City Mumbai
District Greater Bombay
State Maharashtra
Pincode 400001
Country IN
Address Shahid bhagat singh marg, fort mumbai -400 001
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 0 for Pad Mumbai 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 0 of Reserve Bank Of India, Pad Mumbai branch makes the system almost error free and faster. Use of Reserve Bank Of India MICR codes for Pad Mumbai branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Reserve Bank Of India are available with micr code -

>>Pad Mumbai

MICR code for RBI Pad Mumbai

RBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Reserve Bank Of India MICR code for Pad Mumbai 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. 0 is the MICR code of RBI Bank for Pad Mumbai branch. MICR code for Pad Mumbai 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 Reserve Bank Of India Pad Mumbai is presented in the table alongside.

Use of Reserve Bank Of India MICR code for Pad Mumbai branch in mumbai

The MICR code 0 is used in RBI cheque clearing process to identify the branch Pad Mumbai and Reserve Bank Of India 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 RBI Bank is typically in either of these two font’s: E-138 and CMC-7.