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Abhyudaya Bank Panvel Raigad Maharashtra MICR CODE

Find MICR Codes for Abhyudaya Bank Panvel Raigad Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	400065050
Bank	Abhyudaya Co-Op Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Old Panvel
Contact	27459656/657
Bank Details	Abhyudaya Co-Op Bank Ltd Old Panvel ABHY0065050

Location	Panvel, Raigad
City	Panvel
District	Raigad
State	Maharashtra
Pincode	410206
Country	IN
Address	Shop no 1 & 2, kanak vithal, plot no.25, old panvel, dist raigad 410 206

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 400065050 for Old Panvel 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 400065050 of Abhyudaya Co-Op Bank, Old Panvel branch makes the system almost error free and faster. Use of Abhyudaya Co-Op Bank MICR codes for Old Panvel branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Abhyudaya Co-Op Bank Ltd are available with micr code -

>>Kamothe >>Khanda Colony (Panvel Br) >>Old Panvel >>Ulwe

MICR code for Abhyudaya Bank Old Panvel

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 Old Panvel 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. 400065050 is the MICR code of Abhyudaya Co-Operative Bank for Old Panvel branch. MICR code for Old Panvel 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 Old Panvel is presented in the table alongside.

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

The MICR code 400065050 is used in RBI cheque clearing process to identify the branch Old Panvel 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.