AU Bank Mohali Mohali Punjab MICR CODE

Find MICR Codes for AU Bank Mohali Mohali Punjab

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MICR Code	160765009
Bank	AU Small Finance Bank Limited
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Mohali Phase
Contact	0-8288003343
Bank Details	AU Small Finance Bank Limited Mohali Phase AUBL0002522

Location	Mohali, Mohali
City	Mohali
District	Mohali
State	Punjab
Pincode
Country	IN
Address	3373,sector 40d chandigarh

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 160765009 for Mohali Phase 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 160765009 of AU Small Finance Bank, Mohali Phase branch makes the system almost error free and faster. Use of AU Small Finance Bank MICR codes for Mohali Phase branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of AU Small Finance Bank Limited are available with micr code -

>>Chandigarh Zirakpur >>Mohali Phase >>Mohali Sec

MICR code for AU Bank Mohali Phase

AU Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. AU Small Finance Bank MICR code for Mohali Phase 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. 160765009 is the MICR code of AU Finance Bank for Mohali Phase branch. MICR code for Mohali Phase 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 AU Small Finance Bank Mohali Phase is presented in the table alongside.

Use of AU Small Finance Bank MICR code for Mohali Phase branch in mohali

The MICR code 160765009 is used in RBI cheque clearing process to identify the branch Mohali Phase and AU Small Finance 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 AU Finance Bank is typically in either of these two font’s: E-138 and CMC-7.

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