AU Bank Sahibzada Ajit Singh Nagar Sahibzada Ajit Singh Nagar Punjab MICR CODE

Find MICR Codes for AU Bank Sahibzada Ajit Singh Nagar Sahibzada Ajit Singh Nagar Punjab

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MICR Code	160765002
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	Mohaliphase No. Vii
Contact	0
Bank Details	AU Small Finance Bank Limited Mohaliphase No. Vii AUBL0002384

Location	Sahibzada Ajit Singh Nagar, Sahibzada Ajit Singh Nagar
City	Sahibzada Ajit Singh Nagar
District	Sahibzada Ajit Singh Nagar
State	Punjab
Pincode	160062
Country	IN
Address	Scf 20 phase no vii sas nagar mohali punjab 160059

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 160765002 for Mohaliphase No. Vii 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 160765002 of AU Small Finance Bank, Mohaliphase No. Vii branch makes the system almost error free and faster. Use of AU Small Finance Bank MICR codes for Mohaliphase No. Vii branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of AU Small Finance Bank Limited are available with micr code -

>>Mohaliphase No. Vii

MICR code for AU Bank Mohaliphase No. Vii

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 Mohaliphase No. Vii 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. 160765002 is the MICR code of AU Finance Bank for Mohaliphase No. Vii branch. MICR code for Mohaliphase No. Vii 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 Mohaliphase No. Vii is presented in the table alongside.

Use of AU Small Finance Bank MICR code for Mohaliphase No. Vii branch in sahibzada ajit singh nagar

The MICR code 160765002 is used in RBI cheque clearing process to identify the branch Mohaliphase No. Vii 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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