Let Others Know
×
LinkedIn
Email
WhatsApp

RBI Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for RBI Mumbai Mumbai Maharashtra

MICR Code
Bank Reserve Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Rbi Neft Rtgs Gst Collection
Contact 22642836
Bank Details Reserve Bank Of India Rbi Neft Rtgs Gst Collection RBIS0GSTPMT
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400001
Country IN
Address Asst. General manager,gst cell,reserve bank of india,mumbai regional office,fort,mumbai - 400001
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 Rbi Neft Rtgs Gst Collection 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, Rbi Neft Rtgs Gst Collection branch makes the system almost error free and faster. Use of Reserve Bank Of India MICR codes for Rbi Neft Rtgs Gst Collection branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for RBI Rbi Neft Rtgs Gst Collection

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 Rbi Neft Rtgs Gst Collection 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 Rbi Neft Rtgs Gst Collection branch. MICR code for Rbi Neft Rtgs Gst Collection 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 Rbi Neft Rtgs Gst Collection is presented in the table alongside.

Use of Reserve Bank Of India MICR code for Rbi Neft Rtgs Gst Collection branch in mumbai

The MICR code 0 is used in RBI cheque clearing process to identify the branch Rbi Neft Rtgs Gst Collection 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.