Standard Chartered Bank Mumbai Greater Bombay Maharashtra MICR CODE

Find MICR Codes for Standard Chartered Bank Mumbai Greater Bombay Maharashtra

MICR Code
Bank Standard Chartered Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Santacruz (Linking Rd.)
Contact 26487510
Bank Details Standard Chartered Bank Santacruz (Linking Rd.) SCBL0036056
Location Mumbai, Greater Bombay
City Mumbai
District Greater Bombay
State Maharashtra
Pincode 400054
Country IN
Address 65/f, vithalbhai patel road, santacruz (west), mumbai - 400 054
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 Santacruz (Linking Rd.) 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 SCB, Santacruz (Linking Rd.) branch makes the system almost error free and faster. Use of SCB MICR codes for Santacruz (Linking Rd.) branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Standard Chartered Bank Santacruz (Linking Rd.)

Standard Chartered Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. SCB MICR code for Santacruz (Linking Rd.) 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 Standard Chartered Bank for Santacruz (Linking Rd.) branch. MICR code for Santacruz (Linking Rd.) 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 SCB Santacruz (Linking Rd.) is presented in the table alongside.

Use of SCB MICR code for Santacruz (Linking Rd.) branch in mumbai

The MICR code 0 is used in RBI cheque clearing process to identify the branch Santacruz (Linking Rd.) and SCB 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 Standard Chartered Bank is typically in either of these two font’s: E-138 and CMC-7.

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