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Abhyudaya Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Abhyudaya Bank Mumbai Mumbai Maharashtra

Bank Abhyudaya Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Abhyudaya Nagar
Contact 24701134/24702643/24713947
Bank Details Abhyudaya Co-Op Bank Ltd Abhyudaya Nagar ABHY0065002
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400033
Country IN
Address Sahakar sadhana, dattaram lad marg, kalachowky, mumbai-400033
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 400065002 for Abhyudaya Nagar 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 400065002 of Abhyudaya Co-Op Bank, Abhyudaya Nagar branch makes the system almost error free and faster. Use of Abhyudaya Co-Op Bank MICR codes for Abhyudaya Nagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Abhyudaya Bank Abhyudaya Nagar

Abhyudaya Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Abhyudaya Co-Op Bank MICR code for Abhyudaya Nagar 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. 400065002 is the MICR code of Abhyudaya Co-Operative Bank for Abhyudaya Nagar branch. MICR code for Abhyudaya Nagar 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 Abhyudaya Co-Op Bank Abhyudaya Nagar is presented in the table alongside.

Use of Abhyudaya Co-Op Bank MICR code for Abhyudaya Nagar branch in mumbai

The MICR code 400065002 is used in RBI cheque clearing process to identify the branch Abhyudaya Nagar and Abhyudaya Co-Op 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 Abhyudaya Co-Operative Bank is typically in either of these two font’s: E-138 and CMC-7.