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The Malad Sahakari Bank Ltd Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for The Malad Sahakari Bank Ltd Mumbai Mumbai Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	400079002
Bank	The Malad Sahakari Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Main Branch
Contact	22-28835432
Bank Details	The Malad Sahakari Bank Ltd Main Branch TMSB0000002

Location	Mumbai, Mumbai
City	Mumbai
District	Mumbai
State	Maharashtra
Pincode	400097
Country	IN
Address	5, sujata, first floor, rani sati marg, malad (e),mumbai 400 097

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 400079002 for Main Branch 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 400079002 of Malad Sahakari Bank, Main Branch branch makes the system almost error free and faster. Use of Malad Sahakari Bank MICR codes for Main Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 7 branches of The Malad Sahakari Bank Ltd are available with micr code -

>>Bombay Talkies Branch >>Extension Counter >>Kandivali Branch >>Kurar Village Branch >>Liberty Garden Branch >>Main Branch >>Rtgsho

MICR code for The Malad Sahakari Bank Ltd Main Branch

The Malad Sahakari Bank Ltd MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Malad Sahakari Bank MICR code for Main Branch 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. 400079002 is the MICR code of The Malad Sahakari Bank Ltd for Main Branch branch. MICR code for Main Branch 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 Malad Sahakari Bank Main Branch is presented in the table alongside.

Use of Malad Sahakari Bank MICR code for Main Branch branch in mumbai

The MICR code 400079002 is used in RBI cheque clearing process to identify the branch Main Branch and Malad Sahakari Bank 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 The Malad Sahakari Bank Ltd is typically in either of these two font’s: E-138 and CMC-7.