Ahmedabad Mercantile Bank Rakanpur Gandhinagar Gujarat MICR CODE

Find MICR Codes for Ahmedabad Mercantile Bank Rakanpur Gandhinagar Gujarat

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MICR Code	380066030
Bank	Ahmedabad Mercantile Co-Op Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Rakanpur
Contact	268166
Bank Details	Ahmedabad Mercantile Co-Op Bank Ltd Rakanpur AMCB0660034

Location	Rakanpur, Gandhinagar
City	Rakanpur
District	Gandhinagar
State	Gujarat
Pincode	382721
Country	IN
Address	Dhiv complex-4, nr.kothari way bridge, kothari char rasta, rakanpur, po.santej, ta.kalol, dist.gandhinagar, gujarat-382721

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 380066030 for Rakanpur 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 380066030 of Ahmedabad Mercantile Co-Op Bank, Rakanpur branch makes the system almost error free and faster. Use of Ahmedabad Mercantile Co-Op Bank MICR codes for Rakanpur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Ahmedabad Mercantile Co-Op Bank Ltd are available with micr code -

>>Rakanpur

MICR code for Ahmedabad Mercantile Bank Rakanpur

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 Rakanpur 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. 380066030 is the MICR code of Ahmedabad Mercantile Bank for Rakanpur branch. MICR code for Rakanpur 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 Rakanpur is presented in the table alongside.

Use of Ahmedabad Mercantile Co-Op Bank MICR code for Rakanpur branch in rakanpur

The MICR code 380066030 is used in RBI cheque clearing process to identify the branch Rakanpur 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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