MICR Code Bank
Find MICR code for The Ahmednagar Merchant Cooperative Bank branches in India for NEFT and RTGS transfer

The Ahmednagar Merchant Cooperative Bank MICR CODE

Find MICR Codes for The Ahmednagar Merchant Cooperative Bank

Selected Bank + -

  

Selected State + -

  

Selected District + -

  

Selected City + -

  

Selected Branch + -

  
  1. The Ahmednagar Merchant Cooperative Bank »
  2. Maharashtra »
  3. ahmedangar »
  4. ahmednagar »
  5. chitale road

Find MICR Codes for The Ahmednagar Merchant Cooperative Bank

MICR Code: -NA-
Bank: The Ahmednagar Merchant Cooperative Bank
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Chitale Road
Contact:
Bank Details: The Ahmednagar Merchant Cooperative Bank Chitale Road AMDN0000105
Location: Ahmednagar, Ahmedangar
City: Ahmednagar
District: Ahmedangar
State: Maharashtra
Pincode: 414001
Country: IN
Address: Choupati karanja,chitale road,ahmednagar -414001

How does MICR code for 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 of Ahmednagar Merchant Cooperative Bank, branch makes the system almost error free and faster. Use of Ahmednagar Merchant Cooperative Bank MICR codes for branch, makes the characters readable even if there are other marks and stamps on it.

A total of 8 branches of The Ahmednagar Merchant Cooperative Bank are available with micr code

>>Chitale Road >>Dalmandai >>Gulmohar Road >>Kapad Bazar >>Market Yard >>Midc >>Rtgsho >>Tarakpur

MICR code for The Ahmednagar Merchant Cooperative Bank

The Ahmednagar Merchant Cooperative Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Ahmednagar Merchant Cooperative Bank MICR code for 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. is the MICR code of Ahmednagar Merchant Co Op Bank for branch. MICR code for 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 Ahmednagar Merchant Cooperative Bank is presented in the table alongside.

Use of Ahmednagar Merchant Cooperative Bank MICR code for branch in ahmednagar

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