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The Muslim Co-Operative Bank Ltd Thane Thane Maharashtra MICR CODE

Find MICR Codes for The Muslim Co-Operative Bank Ltd Thane Thane Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	-NA-
Bank	The Muslim Co-operative Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Bhiwandi
Contact
Bank Details	The Muslim Co-operative Bank Ltd Bhiwandi MSLM0000024

Location	Thane, Thane
City	Thane
District	Thane
State	Maharashtra
Pincode
Country	IN
Address	Taj market,shop no-103-111,municipal house no-26/10/11,bhiwandi

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 Bhiwandi 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 Muslim Co Operative Bank Ltd, Bhiwandi branch makes the system almost error free and faster. Use of Muslim Co Operative Bank Ltd MICR codes for Bhiwandi branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of The Muslim Co-operative Bank Ltd are available with micr code -

>>Bhiwandi >>Mumbra

MICR code for The Muslim Co-Operative Bank Ltd Bhiwandi

The Muslim Co-Operative Bank Ltd MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Muslim Co Operative Bank Ltd MICR code for Bhiwandi 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 The Muslim Co-Operative Bank Ltd for Bhiwandi branch. MICR code for Bhiwandi 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 Muslim Co Operative Bank Ltd Bhiwandi is presented in the table alongside.

Use of Muslim Co Operative Bank Ltd MICR code for Bhiwandi branch in thane

The MICR code 0 is used in RBI cheque clearing process to identify the branch Bhiwandi and Muslim Co Operative Bank Ltd 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 Muslim Co-Operative Bank Ltd is typically in either of these two font’s: E-138 and CMC-7.