Ap Mahesh Bank Hyderabad Hyderabad Andhra Pradesh MICR CODE

Find MICR Codes for Ap Mahesh Bank Hyderabad Hyderabad Andhra Pradesh

Bank
State
District
City
Branch
Address
MICR Code: 500142005
Bank: The A.P. Mahesh Co-Op Urban Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Shamsheergunj
Contact: 040-23437116
Bank Details: The A.P. Mahesh Co-Op Urban Bank Ltd Shamsheergunj APMC0000005
Location: Hyderabad, Hyderabad
City: Hyderabad
District: Hyderabad
State: Andhra Pradesh
Pincode: 500253
Country: IN
Address: 18-4-568, Main Road, Shamsheergunj, Hyderabad - 500 253
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 500142005 for Shamsheergunj 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 500142005 of Ap Mahesh Co Op Bank, Shamsheergunj branch makes the system almost error free and faster. Use of Ap Mahesh Co Op Bank MICR codes for Shamsheergunj branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Ap Mahesh Bank Shamsheergunj

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 Shamsheergunj 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. 500142005 is the MICR code of Ap Mahesh Co Op Urban Bank for Shamsheergunj branch. MICR code for Shamsheergunj 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 Shamsheergunj is presented in the table alongside.

Use of Ap Mahesh Co Op Bank MICR code for Shamsheergunj branch in hyderabad

The MICR code 500142005 is used in RBI cheque clearing process to identify the branch Shamsheergunj 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.