AU Bank Suryapet Suryapet Telangana MICR CODE

Find MICR Codes for AU Bank Suryapet Suryapet Telangana

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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 Kodad
Contact 0
Bank Details AU Small Finance Bank Limited Kodad AUBL0004755
Location Suryapet, Suryapet
City Suryapet
District Suryapet
State Telangana
Pincode 508213
Country IN
Address Ground floor 12 143 5 4, suryapet road, srinivasa nagar, near hp petrol bunk
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 Kodad 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, Kodad branch makes the system almost error free and faster. Use of AU Small Finance Bank MICR codes for Kodad branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of AU Small Finance Bank Limited are available with micr code -

>>Kodad >>Suryapet

MICR code for AU Bank Kodad

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 Kodad 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 Kodad branch. MICR code for Kodad 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 Kodad is presented in the table alongside.

Use of AU Small Finance Bank MICR code for Kodad branch in suryapet

The MICR code 0 is used in RBI cheque clearing process to identify the branch Kodad 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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