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AU Bank Jaipur Jaipur Rajasthan MICR CODE

Find MICR Codes for AU Bank Jaipur Jaipur Rajasthan

MICR Code:
Bank: AU Small Finance Bank Limited
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Chakwada
Contact: 0
Bank Details: AU Small Finance Bank Limited Chakwada AUBL0002412
Location: Jaipur, Jaipur
City: Jaipur
District: Jaipur
State: Rajasthan
Pincode:
Country: IN
Address: Main bus stand chakwada 303005
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 303765022 for Chakwada 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 303765022 of AU Small Finance Bank, Chakwada branch makes the system almost error free and faster. Use of AU Small Finance Bank MICR codes for Chakwada branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for AU Bank Chakwada

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 Chakwada 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. 303765022 is the MICR code of AU Finance Bank for Chakwada branch. MICR code for Chakwada 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 Chakwada is presented in the table alongside.

Use of AU Small Finance Bank MICR code for Chakwada branch in jaipur

The MICR code 303765022 is used in RBI cheque clearing process to identify the branch Chakwada 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.