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Abhyudaya Bank Nagpur Nagpur Maharashtra MICR CODE

Find MICR Codes for Abhyudaya Bank Nagpur Nagpur Maharashtra

MICR Code:
Bank: Abhyudaya Co-Op Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Nagpur
Contact: 071-22244715
Bank Details: Abhyudaya Co-Op Bank Ltd Nagpur ABHY0065112
Location: Nagpur, Nagpur
City: Nagpur
District: Nagpur
State: Maharashtra
Pincode: 440001
Country: IN
Address: Bhagvan house, ground floor, wardha road, wardha road, nagpur wardha road, nagpur
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 440211251 for Nagpur 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 440211251 of Abhyudaya Co-Op Bank, Nagpur branch makes the system almost error free and faster. Use of Abhyudaya Co-Op Bank MICR codes for Nagpur 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 -

>>C.A. Road Nagpur >>Nagpur

MICR code for Abhyudaya Bank Nagpur

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 Nagpur 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. 440211251 is the MICR code of Abhyudaya Co-Operative Bank for Nagpur branch. MICR code for Nagpur 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 Nagpur is presented in the table alongside.

Use of Abhyudaya Co-Op Bank MICR code for Nagpur branch in nagpur

The MICR code 440211251 is used in RBI cheque clearing process to identify the branch Nagpur 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.