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Abhyudaya Bank Panvel Thane Maharashtra MICR CODE

Find MICR Codes for Abhyudaya Bank Panvel Thane Maharashtra

MICR Code:
Bank: Abhyudaya Co-Op Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Ghansoli
Contact: 27549124
Bank Details: Abhyudaya Co-Op Bank Ltd Ghansoli ABHY0065044
Location: Panvel, Thane
City: Panvel
District: Thane
State: Maharashtra
Pincode: 410701
Country: IN
Address: Shree manoshi complex, plot no.5& 6, sector-3, ghansoli, navi mumbai ghansoli- 410 701.
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 400065044 for Ghansoli 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 400065044 of Abhyudaya Co-Op Bank, Ghansoli branch makes the system almost error free and faster. Use of Abhyudaya Co-Op Bank MICR codes for Ghansoli 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 -

>>Ghansoli

MICR code for Abhyudaya Bank Ghansoli

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 Ghansoli 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. 400065044 is the MICR code of Abhyudaya Co-Operative Bank for Ghansoli branch. MICR code for Ghansoli 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 Ghansoli is presented in the table alongside.

Use of Abhyudaya Co-Op Bank MICR code for Ghansoli branch in panvel

The MICR code 400065044 is used in RBI cheque clearing process to identify the branch Ghansoli 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.