Abhyudaya Bank Panvel Raigad Maharashtra MICR CODE

Find MICR Codes for Abhyudaya Bank Panvel Raigad Maharashtra

Bank Abhyudaya Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kamothe
Contact 65298847
Bank Details Abhyudaya Co-Op Bank Ltd Kamothe ABHY0065045
Location Panvel, Raigad
City Panvel
District Raigad
State Maharashtra
Pincode 410206
Country IN
Address Dharti complex, shop no.7,8,9310 & 11, plot no. 60/61, sector 18, kamothe ii, panvel-
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 400065045 for Kamothe 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 400065045 of Abhyudaya Co-Op Bank, Kamothe branch makes the system almost error free and faster. Use of Abhyudaya Co-Op Bank MICR codes for Kamothe branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Abhyudaya Co-Op Bank Ltd are available with micr code -

>>Kamothe >>Khanda Colony (Panvel Br) >>Old Panvel >>Ulwe

MICR code for Abhyudaya Bank Kamothe

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 Kamothe 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. 400065045 is the MICR code of Abhyudaya Co-Operative Bank for Kamothe branch. MICR code for Kamothe 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 Kamothe is presented in the table alongside.

Use of Abhyudaya Co-Op Bank MICR code for Kamothe branch in panvel

The MICR code 400065045 is used in RBI cheque clearing process to identify the branch Kamothe 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.