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AP Mahesh Bank Hyderabad Hyderabad Andhra Pradesh MICR CODE

Find MICR Codes for AP Mahesh Bank Hyderabad Hyderabad Andhra Pradesh

MICR Code
Bank The A.P. Mahesh Co-Op Urban Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Monda Market
Contact 040-23437136
Bank Details The A.P. Mahesh Co-Op Urban Bank Ltd Monda Market APMC0000013
Location Hyderabad, Hyderabad
City Hyderabad
District Hyderabad
State Andhra Pradesh
Pincode 500003
Country IN
Address 7-1-753, 1st floor, opp: old jail, market street, secunderabad - 500 003
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 500142013 for Monda Market 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 500142013 of AP Mahesh Co Op Bank, Monda Market branch makes the system almost error free and faster. Use of AP Mahesh Co Op Bank MICR codes for Monda Market branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for AP Mahesh Bank Monda Market

AP Mahesh Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. AP Mahesh Co Op Bank MICR code for Monda Market 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. 500142013 is the MICR code of AP Mahesh Co Op Urban Bank for Monda Market branch. MICR code for Monda Market 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 AP Mahesh Co Op Bank Monda Market is presented in the table alongside.

Use of AP Mahesh Co Op Bank MICR code for Monda Market branch in hyderabad

The MICR code 500142013 is used in RBI cheque clearing process to identify the branch Monda Market and AP Mahesh 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 AP Mahesh Co Op Urban Bank is typically in either of these two font’s: E-138 and CMC-7.