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Shinhan Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Shinhan Bank Mumbai Mumbai Maharashtra

MICR Code
Bank Shinhan Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Rtgs Ho
Contact 61992000
Bank Details Shinhan Bank Rtgs Ho SHBK0000001
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400051
Country IN
Address Wockhardt tower, 5th floor, west wing, bkc, bandra (e), mumbai - 400051, india
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.

Search Shinhan Bank MICR Codes in mumbai

You can search through MICR Codes of Maharashtra branches in mumbai of District mumbai in Maharashtra State by using the search box or you can browse through the table using the conrols at the bottom.

Shinhan Bank branches with micr codes are available in 1 cities-

>>Mumbai

How to find MICR codes for Shinhan Bank in mumbai?

Shinhan Bank mumbai MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Shinhan Bank MICR codes list for mumbai, one can further search by branch name specified in the table. You can find MICR codes for all Shinhan Bank mumbai branches.

Shinhan Bank MICR code in mumbai

Shinhan Bank MICR code is a character recognition technology used by banks in the processing of cheques. Shinhan Bank MICR code for mumbai branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Shinhan Bank branches in mumbai, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Shinhan Bank MICR code for mumbai branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Shinhan Bank mumbai branch, sprinted 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. Thus MICR code for Shinhan Bank mumbai branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Shinhan Bank MICR codes for mumbai branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!