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Akola DCC Bank Akola Akola Maharashtra MICR CODE

Find MICR Codes for Akola DCC Bank Akola Akola Maharashtra

MICR Code
Bank The Akola District Central Co-operative Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kanshivani Branch
Contact
Bank Details The Akola District Central Co-operative Bank Kanshivani Branch ADCC0000015
Location Akola, Akola
City Akola
District Akola
State Maharashtra
Pincode 444102
Country IN
Address The akola district central coop. Bank ltd., branch kanshivani, at. Po. Kanshivani, tq. Dist. Akola 444102
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 444831015 for Kanshivani Branch 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 444831015 of Akola District Bank, Kanshivani Branch branch makes the system almost error free and faster. Use of Akola District Bank MICR codes for Kanshivani Branch branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Akola DCC Bank Kanshivani Branch

Akola DCC Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Akola District Bank MICR code for Kanshivani Branch 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. 444831015 is the MICR code of Akola District Co-Op Bank for Kanshivani Branch branch. MICR code for Kanshivani Branch 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 Akola District Bank Kanshivani Branch is presented in the table alongside.

Use of Akola District Bank MICR code for Kanshivani Branch branch in akola

The MICR code 444831015 is used in RBI cheque clearing process to identify the branch Kanshivani Branch and Akola District 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 Akola District Co-Op Bank is typically in either of these two font’s: E-138 and CMC-7.