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Abhyudaya Bank Panvel Raigad Maharashtra MICR CODE

Find MICR Codes for Abhyudaya Bank Panvel Raigad Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	400065061
Bank	Abhyudaya Co-Op Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Khanda Colony (Panvel Br)
Contact
Bank Details	Abhyudaya Co-Op Bank Ltd Khanda Colony (Panvel Br) ABHY0065061

Location	Panvel, Raigad
City	Panvel
District	Raigad
State	Maharashtra
Pincode	410206
Country	IN
Address	Shop no.30 to 33, ground floor, shreeji sangh, sector - 7, plot no. 15/16 khanda colony, panvel 410206

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 400065061 for Khanda Colony (Panvel Br) 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 400065061 of Abhyudaya Co-Op Bank, Khanda Colony (Panvel Br) branch makes the system almost error free and faster. Use of Abhyudaya Co-Op Bank MICR codes for Khanda Colony (Panvel Br) 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 Khanda Colony (Panvel Br)

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 Khanda Colony (Panvel Br) 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. 400065061 is the MICR code of Abhyudaya Co-Operative Bank for Khanda Colony (Panvel Br) branch. MICR code for Khanda Colony (Panvel Br) 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 Khanda Colony (Panvel Br) is presented in the table alongside.

Use of Abhyudaya Co-Op Bank MICR code for Khanda Colony (Panvel Br) branch in panvel

The MICR code 400065061 is used in RBI cheque clearing process to identify the branch Khanda Colony (Panvel Br) 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.