MICR Code Bank
Find MICR code for Kapole Bank branches in India for NEFT and RTGS transfer

Kapole Bank MICR CODE

Find MICR Codes for Kapole Bank

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  1. Kapole Co-Op Bank »
  2. Maharashtra »
  3. mumbai »
  4. mumbai »
  5. lokhand jatha

Find MICR Codes for Kapole Bank

MICR Code: 400076002
Bank: Kapole Co-Op Bank
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Lokhand Jatha
Contact: Mr. Santosh Joshi
Bank Details: Kapole Co-Op Bank Lokhand Jatha KCBL0000002
Location: Mumbai, Mumbai
City: Mumbai
District: Mumbai
State: Maharashtra
Pincode: 400009
Country: IN
Address: Steel centre, sant tukaram road, masjid bandar, mumbai - 400 009

How does MICR code for 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 of Kapole Co-Operative Bank, branch makes the system almost error free and faster. Use of Kapole Co-Operative Bank MICR codes for branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Kapole Bank

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

Use of Kapole Co-Operative Bank MICR code for branch in mumbai

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