Ahmedabad Mercantile Bank Ahmedabad Ahmedabad Gujarat MICR CODE

Find MICR Codes for Ahmedabad Mercantile Bank Ahmedabad Ahmedabad Gujarat

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MICR Code
Bank Ahmedabad Mercantile Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Paldi
Contact 079-26621189
Bank Details Ahmedabad Mercantile Co-Op Bank Ltd Paldi AMCB0660009
Location Ahmedabad, Ahmedabad
City Ahmedabad
District Ahmedabad
State Gujarat
Pincode 380007
Country IN
Address Nr. Fatehnagar bus stand, paldi, ahmedabad-380007
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 380066009 for Paldi 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 380066009 of Ahmedabad Mercantile Co-Op Bank, Paldi branch makes the system almost error free and faster. Use of Ahmedabad Mercantile Co-Op Bank MICR codes for Paldi branch, makes the characters readable even if there are other marks and stamps on it.

A total of 30 branches of Ahmedabad Mercantile Co-Op Bank Ltd are available with micr code -

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MICR code for Ahmedabad Mercantile Bank Paldi

Ahmedabad Mercantile Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Ahmedabad Mercantile Co-Op Bank MICR code for Paldi 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. 380066009 is the MICR code of Ahmedabad Mercantile Bank for Paldi branch. MICR code for Paldi 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 Ahmedabad Mercantile Co-Op Bank Paldi is presented in the table alongside.

Use of Ahmedabad Mercantile Co-Op Bank MICR code for Paldi branch in ahmedabad

The MICR code 380066009 is used in RBI cheque clearing process to identify the branch Paldi and Ahmedabad Mercantile 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 Ahmedabad Mercantile Bank is typically in either of these two font’s: E-138 and CMC-7.

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