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Shinhan Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Shinhan Bank Mumbai Mumbai Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	400659002
Bank	Shinhan Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Rtgs Ho
Contact	61992000
Bank Details	Shinhan Bank Rtgs Ho SHBK0000001

Location	Mumbai, Mumbai
City	Mumbai
District	Mumbai
State	Maharashtra
Pincode	400051
Country	IN
Address	Wockhardt tower, 5th floor, west wing, bkc, bandra (e), mumbai - 400051, india

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 400659002 for Rtgs Ho 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 400659002 of Shinhan Bank, Rtgs Ho branch makes the system almost error free and faster. Use of Shinhan Bank MICR codes for Rtgs Ho branch, makes the characters readable even if there are other marks and stamps on it.

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

>>Mumbai Branch >>Rtgs Ho

MICR code for Shinhan Bank Rtgs Ho

Shinhan Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Shinhan Bank MICR code for Rtgs Ho 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. 400659002 is the MICR code of Shinhan Bank for Rtgs Ho branch. MICR code for Rtgs Ho 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 Shinhan Bank Rtgs Ho is presented in the table alongside.

Use of Shinhan Bank MICR code for Rtgs Ho branch in mumbai

The MICR code 400659002 is used in RBI cheque clearing process to identify the branch Rtgs Ho and Shinhan 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 Shinhan Bank is typically in either of these two font’s: E-138 and CMC-7.