AU Bank Katni Katni Madhya Pradesh MICR CODE

Find MICR Codes for AU Bank Katni Katni Madhya Pradesh

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MICR Code	-NA-
Bank	AU Small Finance Bank Limited
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Madhav Nagar Katni
Contact	0
Bank Details	AU Small Finance Bank Limited Madhav Nagar Katni AUBL0004408

Location	Katni, Katni
City	Katni
District	Katni
State	Madhya Pradesh
Pincode	483501
Country	IN
Address	Upper ground floor, samdariya city market, madhavnagar, katni

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 Madhav Nagar Katni 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, Madhav Nagar Katni branch makes the system almost error free and faster. Use of AU Small Finance Bank MICR codes for Madhav Nagar Katni branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of AU Small Finance Bank Limited are available with micr code -

>>Barhi >>Katnijabalpur Road >>Madhav Nagar Katni

MICR code for AU Bank Madhav Nagar Katni

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 Madhav Nagar Katni 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 Madhav Nagar Katni branch. MICR code for Madhav Nagar Katni 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 Madhav Nagar Katni is presented in the table alongside.

Use of AU Small Finance Bank MICR code for Madhav Nagar Katni branch in katni

The MICR code 0 is used in RBI cheque clearing process to identify the branch Madhav Nagar Katni 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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