Vijaya Bank Mumbai Greater Bombay Maharashtra MICR CODE

Find MICR Codes for Vijaya Bank Mumbai Greater Bombay Maharashtra

MICR Code
Bank Vijaya Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Papadi Maharastra
Contact Phone: 0250-2322473
Bank Details Vijaya Bank Papadi Maharastra VIJB0005032
Location Mumbai, Greater Bombay
City Mumbai
District Greater Bombay
State Maharashtra
Pincode 401207
Country IN
Address St thomas baptista-, jr college compound, papadi,vasai(w), thana dist,maharastra, 401207
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 400029023 for Papadi Maharastra 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 400029023 of Vijaya Bank, Papadi Maharastra branch makes the system almost error free and faster. Use of Vijaya Bank MICR codes for Papadi Maharastra branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Vijaya Bank Papadi Maharastra

Vijaya Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Vijaya Bank MICR code for Papadi Maharastra 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. 400029023 is the MICR code of Vijaya Bank for Papadi Maharastra branch. MICR code for Papadi Maharastra 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 Vijaya Bank Papadi Maharastra is presented in the table alongside.

Use of Vijaya Bank MICR code for Papadi Maharastra branch in mumbai

The MICR code 400029023 is used in RBI cheque clearing process to identify the branch Papadi Maharastra and Vijaya 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 Vijaya Bank is typically in either of these two font’s: E-138 and CMC-7.

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