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Abhyudaya Bank Ahmednagar Ahmednagar Maharashtra MICR CODE

Find MICR Codes for Abhyudaya Bank Ahmednagar Ahmednagar Maharashtra

MICR Code:
Bank: Abhyudaya Co-Op Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Ahmednagar
Contact: 022 24140961
Bank Details: Abhyudaya Co-Op Bank Ltd Ahmednagar ABHY0065126
Location: Ahmednagar, Ahmednagar
City: Ahmednagar
District: Ahmednagar
State: Maharashtra
Pincode: 414003
Country: IN
Address: Sai midas touch, shop no. 7 and 8, plot no. 101 slash 86, nagar manmad road, savedi road, ahmednagar 414003
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 414065001 for Ahmednagar 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 414065001 of Abhyudaya Co-Op Bank, Ahmednagar branch makes the system almost error free and faster. Use of Abhyudaya Co-Op Bank MICR codes for Ahmednagar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Abhyudaya Co-Op Bank Ltd are available with micr code -

>>Ahmednagar

MICR code for Abhyudaya Bank Ahmednagar

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 Ahmednagar 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. 414065001 is the MICR code of Abhyudaya Co-Operative Bank for Ahmednagar branch. MICR code for Ahmednagar 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 Ahmednagar is presented in the table alongside.

Use of Abhyudaya Co-Op Bank MICR code for Ahmednagar branch in ahmednagar

The MICR code 414065001 is used in RBI cheque clearing process to identify the branch Ahmednagar 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.