The Ahmednagar Merchant Cooperative Bank Ahmednagar Ahmedangar Maharashtra MICR CODE

Find MICR Codes for The Ahmednagar Merchant Cooperative Bank Ahmednagar Ahmedangar Maharashtra

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MICR Code
Bank The Ahmednagar Merchant Cooperative Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Dalmandai
Contact
Bank Details The Ahmednagar Merchant Cooperative Bank Dalmandai AMDN0000101
Location Ahmednagar, Ahmedangar
City Ahmednagar
District Ahmedangar
State Maharashtra
Pincode 414001
Country IN
Address Anand complex,dalmandai branch,ahmednagar-414001
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 0 for Dalmandai 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 0 of Ahmednagar Merchant Cooperative Bank, Dalmandai branch makes the system almost error free and faster. Use of Ahmednagar Merchant Cooperative Bank MICR codes for Dalmandai 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 Dalmandai

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 Dalmandai 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. 0 is the MICR code of Ahmednagar Merchant Co Op Bank for Dalmandai branch. MICR code for Dalmandai 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 Dalmandai is presented in the table alongside.

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

The MICR code 0 is used in RBI cheque clearing process to identify the branch Dalmandai 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.

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