Let Others Know
×

Abhyudaya Bank Nashik Nasik Maharashtra MICR CODE

Find MICR Codes for Abhyudaya Bank Nashik Nasik Maharashtra

MICR Code:
Bank: Abhyudaya Co-Op Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Ambad
Contact: 0253-2399714/514
Bank Details: Abhyudaya Co-Op Bank Ltd Ambad ABHY0065117
Location: Nashik, Nasik
City: Nashik
District: Nasik
State: Maharashtra
Pincode: 422008
Country: IN
Address: Sho no.1-5, lotus plaza, trimurti chowk, ambad-link road, cidco, new nashik nashik-422008
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 422065003 for Ambad 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 422065003 of Abhyudaya Co-Op Bank, Ambad branch makes the system almost error free and faster. Use of Abhyudaya Co-Op Bank MICR codes for Ambad branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of Abhyudaya Co-Op Bank Ltd are available with micr code -

>>Ambad >>Indira Nagar Nashik >>Nashik >>Nashik Road >>Panchavati Nashik

MICR code for Abhyudaya Bank Ambad

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 Ambad 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. 422065003 is the MICR code of Abhyudaya Co-Operative Bank for Ambad branch. MICR code for Ambad 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 Ambad is presented in the table alongside.

Use of Abhyudaya Co-Op Bank MICR code for Ambad branch in nashik

The MICR code 422065003 is used in RBI cheque clearing process to identify the branch Ambad 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.