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 Khanda Colony (Panvel Br) 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. 400065061 is the MICR code of Abhyudaya Co-Operative Bank for Khanda Colony (Panvel Br) branch. MICR code for Khanda Colony (Panvel Br) 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 Khanda Colony (Panvel Br) is presented in the table alongside.
The MICR code 400065061 is used in RBI cheque clearing process to identify the branch Khanda Colony (Panvel Br) 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.