AP Mahesh Bank Hyderabad Hyderabad Andhra Pradesh MICR CODE

Find MICR Codes for AP Mahesh Bank Hyderabad Hyderabad Andhra Pradesh

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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 Begumbazar
Contact 040-23437131
Bank Details The A.P. Mahesh Co-Op Urban Bank Ltd Begumbazar APMC0000002
Location Hyderabad, Hyderabad
City Hyderabad
District Hyderabad
State Andhra Pradesh
Pincode 500012
Country IN
Address 14-7-30&31,1st floor,begum bazar,hyderabad 500012
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 500142002 for Begumbazar 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 500142002 of AP Mahesh Co Op Bank, Begumbazar branch makes the system almost error free and faster. Use of AP Mahesh Co Op Bank MICR codes for Begumbazar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for AP Mahesh Bank Begumbazar

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 Begumbazar 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. 500142002 is the MICR code of AP Mahesh Co Op Urban Bank for Begumbazar branch. MICR code for Begumbazar 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 Begumbazar is presented in the table alongside.

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

The MICR code 500142002 is used in RBI cheque clearing process to identify the branch Begumbazar 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.

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