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Woori Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Woori Bank Mumbai Mumbai Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	400240277
Bank	Woori Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Mumbai Branch
Contact	62638100
Bank Details	Woori Bank Mumbai Branch HVBK0000003

Location	Mumbai, Mumbai
City	Mumbai
District	Mumbai
State	Maharashtra
Pincode	400072
Country	IN
Address	Unit no 601, 6th floor, birla centurion, century mills compound, pandurang budhkar marg, worli, mumbai - 400030

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 400240277 for Mumbai 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 400240277 of Woori Bank, Mumbai Branch branch makes the system almost error free and faster. Use of Woori Bank MICR codes for Mumbai Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Woori Bank are available with micr code -

>>Ho Treasury >>Mumbai Branch

MICR code for Woori Bank Mumbai Branch

Woori Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Woori Bank MICR code for Mumbai 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. 400240277 is the MICR code of Woori Bank for Mumbai Branch branch. MICR code for Mumbai 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 Woori Bank Mumbai Branch is presented in the table alongside.

Use of Woori Bank MICR code for Mumbai Branch branch in mumbai

The MICR code 400240277 is used in RBI cheque clearing process to identify the branch Mumbai Branch and Woori 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 Woori Bank is typically in either of these two font’s: E-138 and CMC-7.