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Mumbai District Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Mumbai District Bank Mumbai Mumbai Maharashtra

MICR Code
Bank Mumbai District Central Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Head Office
Contact 022 22617026 / Fax 022 22696647
Bank Details Mumbai District Central Co-Op Bank Ltd Head Office MDCB0680001
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400001
Country IN
Address Mumbai bank bhuvan , 207,d.n.road ,fort mumbai 400001
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 400068001 for Head Office 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 400068001 of Mumbai District Co Op Bank, Head Office branch makes the system almost error free and faster. Use of Mumbai District Co Op Bank MICR codes for Head Office branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Mumbai District Bank Head Office

Mumbai District Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Mumbai District Co Op Bank MICR code for Head Office 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. 400068001 is the MICR code of Mumbai District Central Co Op Bank for Head Office branch. MICR code for Head Office 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 Mumbai District Co Op Bank Head Office is presented in the table alongside.

Use of Mumbai District Co Op Bank MICR code for Head Office branch in mumbai

The MICR code 400068001 is used in RBI cheque clearing process to identify the branch Head Office and Mumbai District 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 Mumbai District Central Co Op Bank is typically in either of these two font’s: E-138 and CMC-7.