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Akola DCC Bank Akola Akola Maharashtra MICR CODE

Find MICR Codes for Akola DCC Bank Akola Akola Maharashtra

MICR Code
Bank The Akola District Central Co-operative Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Shri Rajeshwar Branch Akola
Contact
Bank Details The Akola District Central Co-operative Bank Shri Rajeshwar Branch Akola ADCC0000004
Location Akola, Akola
City Akola
District Akola
State Maharashtra
Pincode 444002
Country IN
Address The akola district central coop. Bank ltd., jai hind chowk, old city, akola. 444002
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 444831005 for Shri Rajeshwar Branch Akola 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 444831005 of Akola District Bank, Shri Rajeshwar Branch Akola branch makes the system almost error free and faster. Use of Akola District Bank MICR codes for Shri Rajeshwar Branch Akola branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Akola DCC Bank Shri Rajeshwar Branch Akola

Akola DCC Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Akola District Bank MICR code for Shri Rajeshwar Branch Akola 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. 444831005 is the MICR code of Akola District Co-Op Bank for Shri Rajeshwar Branch Akola branch. MICR code for Shri Rajeshwar Branch Akola 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 Akola District Bank Shri Rajeshwar Branch Akola is presented in the table alongside.

Use of Akola District Bank MICR code for Shri Rajeshwar Branch Akola branch in akola

The MICR code 444831005 is used in RBI cheque clearing process to identify the branch Shri Rajeshwar Branch Akola and Akola District 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 Akola District Co-Op Bank is typically in either of these two font’s: E-138 and CMC-7.