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Abhyudaya Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Abhyudaya Bank Mumbai Mumbai Maharashtra

Bank Abhyudaya Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mobile Bank
Contact 27892444
Bank Details Abhyudaya Co-Op Bank Ltd Mobile Bank ABHY0065017
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400703
Country IN
Address Abhyudaya bank bldg., sector 17, vashi, navi mumbai-400703
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 400065017 for Mobile Bank 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 400065017 of Abhyudaya Co-Op Bank, Mobile Bank branch makes the system almost error free and faster. Use of Abhyudaya Co-Op Bank MICR codes for Mobile Bank branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Abhyudaya Bank Mobile Bank

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 Mobile Bank 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. 400065017 is the MICR code of Abhyudaya Co-Operative Bank for Mobile Bank branch. MICR code for Mobile Bank 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 Mobile Bank is presented in the table alongside.

Use of Abhyudaya Co-Op Bank MICR code for Mobile Bank branch in mumbai

The MICR code 400065017 is used in RBI cheque clearing process to identify the branch Mobile Bank 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.