Let Others Know
×
LinkedIn
Email
WhatsApp

Abhyudaya Bank Bhayandar Thane Maharashtra MICR CODE

Find MICR Codes for Abhyudaya Bank Bhayandar Thane Maharashtra

MICR Code
Bank Abhyudaya Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bhayandar
Contact 28140964
Bank Details Abhyudaya Co-Op Bank Ltd Bhayandar ABHY0065046
Location Bhayandar, Thane
City Bhayandar
District Thane
State Maharashtra
Pincode 401101
Country IN
Address Shop no. 7,8,9,&107 to 111 on gr. Floor & 1st floor. Malhar arcade, coddev village, navghar phatak road, bhayandar (e), dist. Thane, 401101
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 400065046 for Bhayandar 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 400065046 of Abhyudaya Co-Op Bank, Bhayandar branch makes the system almost error free and faster. Use of Abhyudaya Co-Op Bank MICR codes for Bhayandar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Abhyudaya Co-Op Bank Ltd are available with micr code -

>>Bhayandar

MICR code for Abhyudaya Bank Bhayandar

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 Bhayandar 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. 400065046 is the MICR code of Abhyudaya Co-Operative Bank for Bhayandar branch. MICR code for Bhayandar 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 Bhayandar is presented in the table alongside.

Use of Abhyudaya Co-Op Bank MICR code for Bhayandar branch in bhayandar

The MICR code 400065046 is used in RBI cheque clearing process to identify the branch Bhayandar 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.