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Abhyudaya Bank Chakan Pune Maharashtra MICR CODE

Find MICR Codes for Abhyudaya Bank Chakan Pune Maharashtra

MICR Code:
Bank: Abhyudaya Co-Op Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Chakan Branch
Contact: 02135-252001
Bank Details: Abhyudaya Co-Op Bank Ltd Chakan Branch ABHY0065116
Location: Chakan, Pune
City: Chakan
District: Pune
State: Maharashtra
Pincode: 410501
Country: IN
Address: Anand building, main bazar peth, near chakan s.t. Stand, old pune nashik road, chakan, dist pune 410 501
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.

Search Abhyudaya Bank MICR Codes in pune

You can search through MICR Codes of Maharashtra branches in chakan of District pune in Maharashtra State by using the search box or you can browse through the table using the conrols at the bottom.

Abhyudaya Co-Op Bank Ltd branches with micr codes are available in 3 cities-

>>Chakan >>Pune >>Talegaon Dabhade

How to find MICR codes for Abhyudaya Bank in chakan?

Abhyudaya Bank chakan MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Abhyudaya Co-Op Bank MICR codes list for chakan, one can further search by branch name specified in the table. You can find MICR codes for all Abhyudaya Bank chakan branches.

Abhyudaya Co-Op Bank MICR code in chakan

Abhyudaya Bank MICR code is a character recognition technology used by banks in the processing of cheques. Abhyudaya Co-Op Bank MICR code for chakan branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Abhyudaya Co-Operative Bank branches in chakan, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Abhyudaya Co-Operative Bank MICR code for chakan branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Abhyudaya Bank chakan branch, sprinted 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. Thus MICR code for Abhyudaya Co-Op Bank chakan branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Abhyudaya Co-Operative Bank MICR codes for chakan branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!