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Abhyudaya Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Abhyudaya Bank Mumbai Mumbai Maharashtra

MICR Code
Bank Abhyudaya Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Vashi
Contact 27892458/2410
Bank Details Abhyudaya Co-Op Bank Ltd Vashi ABHY0065016
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400705
Country IN
Address Abhyudaya bank bldg., sector 17, vashi, navi mumbai-400705
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 400065016 for Vashi 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 400065016 of Abhyudaya Co-Op Bank, Vashi branch makes the system almost error free and faster. Use of Abhyudaya Co-Op Bank MICR codes for Vashi branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Abhyudaya Bank Vashi

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 Vashi 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. 400065016 is the MICR code of Abhyudaya Co-Operative Bank for Vashi branch. MICR code for Vashi 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 Vashi is presented in the table alongside.

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

The MICR code 400065016 is used in RBI cheque clearing process to identify the branch Vashi 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.