MICR Code Bank
Find MICR code for Standard Chartered Bank Mg Road Branch branches in India for NEFT and RTGS transfer

Standard Chartered Bank Mg Road Branch MICR CODE

Find MICR Codes for Standard Chartered Bank Mg Road Branch

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  1. Standard Chartered Bank »
  2. Maharashtra »
  3. greater bombay »
  4. mumbai »
  5. mg road branch (90rd) clearing code 222

Find MICR Codes for Standard Chartered Bank Mg Road Branch

MICR Code: -NA-
Bank: Standard Chartered Bank
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Mg Road Branch (90Rd) Clearing Code 222
Contact: 22683301
Bank Details: Standard Chartered Bank Mg Road Branch (90Rd) Clearing Code 222 SCBL0036001
Location: Mumbai, Greater Bombay
City: Mumbai
District: Greater Bombay
State: Maharashtra
Pincode: 400001
Country: IN
Address: 90, m. G. Road, mumbai - 400 001

How does MICR code for mg road branch 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 SCB, mg road branch branch makes the system almost error free and faster. Use of SCB MICR codes for mg road branch branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Standard Chartered Bank mg road branch

Standard Chartered Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. SCB MICR code for mg road branch 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 Standard Chartered Bank for mg road branch branch. MICR code for mg road branch 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 SCB mg road branch is presented in the table alongside.

Use of SCB MICR code for mg road branch branch in mumbai

The MICR code is used in RBI cheque clearing process to identify the branch mg road branch and SCB 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 Standard Chartered Bank is typically in either of these two font’s: E-138 and CMC-7.