AU Bank Akola Akola Maharashtra MICR CODE

Find MICR Codes for AU Bank Akola Akola Maharashtra

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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	Necklace Road Akola
Contact	0
Bank Details	AU Small Finance Bank Limited Necklace Road Akola AUBL0004518

Location	Akola, Akola
City	Akola
District	Akola
State	Maharashtra
Pincode	444001
Country	IN
Address	1st floor,ratanlal plot,necklace road,near sharda udyog, at and post akola,mh,pin 444001

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 Necklace Road Akola 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, Necklace Road Akola branch makes the system almost error free and faster. Use of AU Small Finance Bank MICR codes for Necklace Road Akola 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 -

>>Akola Necklace Road >>Akot >>Necklace Road Akola

MICR code for AU Bank Necklace Road Akola

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 Necklace Road Akola 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 Necklace Road Akola branch. MICR code for Necklace Road Akola 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 Necklace Road Akola is presented in the table alongside.

Use of AU Small Finance Bank MICR code for Necklace Road Akola branch in akola

The MICR code 0 is used in RBI cheque clearing process to identify the branch Necklace Road Akola 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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