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Abhyudaya Bank Aurangabad Aurangabad Maharashtra MICR CODE

Find MICR Codes for Abhyudaya Bank Aurangabad Aurangabad Maharashtra

MICR Code:
Bank: Abhyudaya Co-Op Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Aurangabad
Contact: 0240-2346043
Bank Details: Abhyudaya Co-Op Bank Ltd Aurangabad ABHY0065113
Location: Aurangabad, Aurangabad
City: Aurangabad
District: Aurangabad
State: Maharashtra
Pincode: 431001
Country: IN
Address: Amdani chambers, ground floor, new gulmandi road, dalal wadi, aurangabad- 431 001.
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 431065003 for Aurangabad 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 431065003 of Abhyudaya Co-Op Bank, Aurangabad branch makes the system almost error free and faster. Use of Abhyudaya Co-Op Bank MICR codes for Aurangabad branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Abhyudaya Co-Op Bank Ltd are available with micr code -

>>Aurangabad >>Garkheda

MICR code for Abhyudaya Bank Aurangabad

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 Aurangabad 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. 431065003 is the MICR code of Abhyudaya Co-Operative Bank for Aurangabad branch. MICR code for Aurangabad 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 Aurangabad is presented in the table alongside.

Use of Abhyudaya Co-Op Bank MICR code for Aurangabad branch in aurangabad

The MICR code 431065003 is used in RBI cheque clearing process to identify the branch Aurangabad 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.