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Bassein Catholic Bank Papdi Thane Maharashtra MICR CODE

Find MICR Codes for Bassein Catholic Bank Papdi Thane Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	400238003
Bank	Bassein Catholic Co-Op Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Papdy
Contact
Bank Details	Bassein Catholic Co-Op Bank Ltd Papdy BACB0000003

Location	Papdi, Thane
City	Papdi
District	Thane
State	Maharashtra
Pincode	401207
Country	IN
Address	Sarovar, 'b' building, papdy, post : papdy, tal:vasai, dist : thane, 401 207

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 400238003 for Papdy 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 400238003 of Bassein Catholic Co-Op Bank, Papdy branch makes the system almost error free and faster. Use of Bassein Catholic Co-Op Bank MICR codes for Papdy branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Bassein Catholic Co-Op Bank Ltd are available with micr code -

>>Papdy

MICR code for Bassein Catholic Bank Papdy

Bassein Catholic Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Bassein Catholic Co-Op Bank MICR code for Papdy 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. 400238003 is the MICR code of Bassein Catholic Co-Operative Bank for Papdy branch. MICR code for Papdy 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 Bassein Catholic Co-Op Bank Papdy is presented in the table alongside.

Use of Bassein Catholic Co-Op Bank MICR code for Papdy branch in papdi

The MICR code 400238003 is used in RBI cheque clearing process to identify the branch Papdy and Bassein Catholic Co-Op 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 Bassein Catholic Co-Operative Bank is typically in either of these two font’s: E-138 and CMC-7.