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Abhyudaya Bank Nashik Nasik Maharashtra MICR CODE

Find MICR Codes for Abhyudaya Bank Nashik Nasik Maharashtra

MICR Code
Bank Abhyudaya Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Nashik
Contact 0253-2232031/32
Bank Details Abhyudaya Co-Op Bank Ltd Nashik ABHY0065115
Location Nashik, Nasik
City Nashik
District Nasik
State Maharashtra
Pincode 422005
Country IN
Address Shop no. 3 & 4 & office no.4,5 & 6 lucky palace apartments, canara corner, sharanpur trimbak road, nashik 422 005
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 422065002 for Nashik 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 422065002 of Abhyudaya Co-Op Bank, Nashik branch makes the system almost error free and faster. Use of Abhyudaya Co-Op Bank MICR codes for Nashik branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of Abhyudaya Co-Op Bank Ltd are available with micr code -

>>Ambad >>Indira Nagar Nashik >>Nashik >>Nashik Road >>Panchavati Nashik

MICR code for Abhyudaya Bank Nashik

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 Nashik 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. 422065002 is the MICR code of Abhyudaya Co-Operative Bank for Nashik branch. MICR code for Nashik 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 Nashik is presented in the table alongside.

Use of Abhyudaya Co-Op Bank MICR code for Nashik branch in nashik

The MICR code 422065002 is used in RBI cheque clearing process to identify the branch Nashik 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.