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The Ajara Urban Co Op Bank Ltd Ajara Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for The Ajara Urban Co Op Bank Ltd Ajara Mumbai Mumbai Maharashtra

MICR Code
Bank The Ajara Urban Co op Bank Ltd Ajara
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Borivali
Contact
Bank Details The Ajara Urban Co op Bank Ltd Ajara Borivali AJAR0000016
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode
Country IN
Address Shri ganesh hsg soc.plot no 59,r ward,goarai,mhada world bank project,borivali w mumbai
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 Borivali 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 Ajara Bank, Borivali branch makes the system almost error free and faster. Use of Ajara Bank MICR codes for Borivali branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of The Ajara Urban Co op Bank Ltd Ajara are available with micr code -

>>Borivali >>Deliel Road

MICR code for The Ajara Urban Co Op Bank Ltd Ajara Borivali

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

Use of Ajara Bank MICR code for Borivali branch in mumbai

The MICR code 0 is used in RBI cheque clearing process to identify the branch Borivali and Ajara 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 The Ajara Urban Co Op Bank Ltd Ajara is typically in either of these two font’s: E-138 and CMC-7.