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Jp Morghan Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Jp Morghan Mumbai Mumbai Maharashtra

MICR Code:
Bank: Jpmorgan Chase Bank
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Mumbai
Contact: Vinil Patel tel 6650 7488 email : Vinil.X.Patel@jpmchase.Com
Bank Details: Jpmorgan Chase Bank Mumbai CHAS0INBX01
Location: Mumbai, Mumbai
City: Mumbai
District: Mumbai
State: Maharashtra
Pincode: 400021
Country: IN
Address: 9th floor, mafatlal centre, nariman point, mumbai 400 021
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 400500002 for Mumbai 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 400500002 of Jp Morgan Chase, Mumbai branch makes the system almost error free and faster. Use of Jp Morgan Chase MICR codes for Mumbai branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Jpmorgan Chase Bank are available with micr code -

>>Mumbai

MICR code for Jp Morghan Mumbai

Jp Morghan MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Jp Morgan Chase MICR code for Mumbai 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. 400500002 is the MICR code of Jp Morgan Chase for Mumbai branch. MICR code for Mumbai 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 Jp Morgan Chase Mumbai is presented in the table alongside.

Use of Jp Morgan Chase MICR code for Mumbai branch in mumbai

The MICR code 400500002 is used in RBI cheque clearing process to identify the branch Mumbai and Jp Morgan Chase 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 Jp Morgan Chase is typically in either of these two font’s: E-138 and CMC-7.