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Abhyudaya Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Abhyudaya Bank Mumbai Mumbai Maharashtra

MICR Code:
Bank: Abhyudaya Co-Op Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Naupada
Contact: 25393534/25447077
Bank Details: Abhyudaya Co-Op Bank Ltd Naupada ABHY0065040
Location: Mumbai, Mumbai
City: Mumbai
District: Mumbai
State: Maharashtra
Pincode: 400602
Country: IN
Address: Neelkanth tower, ram maruti road, naupada, thane (w)-400602
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 400065040 for Naupada 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 400065040 of Abhyudaya Co-Op Bank, Naupada branch makes the system almost error free and faster. Use of Abhyudaya Co-Op Bank MICR codes for Naupada branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Abhyudaya Bank Naupada

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 Naupada 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. 400065040 is the MICR code of Abhyudaya Co-Operative Bank for Naupada branch. MICR code for Naupada 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 Naupada is presented in the table alongside.

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

The MICR code 400065040 is used in RBI cheque clearing process to identify the branch Naupada 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.