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Abhyudaya Bank Pune Pune Maharashtra MICR CODE

Find MICR Codes for Abhyudaya Bank Pune Pune Maharashtra

Bank Abhyudaya Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Wagholi Pune
Bank Details Abhyudaya Co-Op Bank Ltd Wagholi Pune ABHY0065109
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 412207
Country IN
Address 620, pune nagar road, wagholi, tal.haveli, pune-412207
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 411065012 for Wagholi Pune 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 411065012 of Abhyudaya Co-Op Bank, Wagholi Pune branch makes the system almost error free and faster. Use of Abhyudaya Co-Op Bank MICR codes for Wagholi Pune branch, makes the characters readable even if there are other marks and stamps on it.

A total of 11 branches of Abhyudaya Co-Op Bank Ltd are available with micr code -

>>Baner Road Pune >>Deccan Gymkhana Pune >>Dhankawadi Pune >>Laxmi Road Pune >>Nana Peth Pune >>Paud Phata Pune >>Pimpri Pune >>Pune Service Branch >>Sinhagad Road Pune >>Wagholi Pune >>Yerwada Pune

MICR code for Abhyudaya Bank Wagholi Pune

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 Wagholi Pune 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. 411065012 is the MICR code of Abhyudaya Co-Operative Bank for Wagholi Pune branch. MICR code for Wagholi Pune 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 Wagholi Pune is presented in the table alongside.

Use of Abhyudaya Co-Op Bank MICR code for Wagholi Pune branch in pune

The MICR code 411065012 is used in RBI cheque clearing process to identify the branch Wagholi Pune 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.