AU Bank Panna Panna Madhya Pradesh MICR CODE

Find MICR Codes for AU Bank Panna Panna Madhya Pradesh

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MICR Code
Bank AU Small Finance Bank Limited
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Adarsh Nagar Panna
Contact 0
Bank Details AU Small Finance Bank Limited Adarsh Nagar Panna AUBL0005292
Location Panna, Panna
City Panna
District Panna
State Madhya Pradesh
Pincode 488001
Country IN
Address First floor, 3, adarsh nagar, near bti square, panna, madhya pradesh - 488001
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 0 for Adarsh Nagar Panna 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 0 of AU Small Finance Bank, Adarsh Nagar Panna branch makes the system almost error free and faster. Use of AU Small Finance Bank MICR codes for Adarsh Nagar Panna branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of AU Small Finance Bank Limited are available with micr code -

>>Adarsh Nagar Panna

MICR code for AU Bank Adarsh Nagar Panna

AU Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. AU Small Finance Bank MICR code for Adarsh Nagar Panna 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. 0 is the MICR code of AU Finance Bank for Adarsh Nagar Panna branch. MICR code for Adarsh Nagar Panna 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 AU Small Finance Bank Adarsh Nagar Panna is presented in the table alongside.

Use of AU Small Finance Bank MICR code for Adarsh Nagar Panna branch in panna

The MICR code 0 is used in RBI cheque clearing process to identify the branch Adarsh Nagar Panna and AU Small Finance 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 AU Finance Bank is typically in either of these two font’s: E-138 and CMC-7.

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