Ahmednagar District Central Co-Op Bank madhevadgaon MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Ahmednagar District Central Co-Operative Bank Ltd MICR codes list for madhevadgaon, one can further search by branch name specified in the table. You can find MICR codes for all Ahmednagar District Central Co-Op Bank madhevadgaon branches.
Ahmednagar District Central Co-Op Bank MICR code is a character recognition technology used by banks in the processing of cheques. Ahmednagar District Central Co-Operative Bank Ltd MICR code for madhevadgaon branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Ahmednagar District Central Co-Op Bank branches in madhevadgaon, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.
In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Ahmednagar District Central Co-Op Bank madhevadgaon branch, sprinted 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. Thus MICR code for Ahmednagar District Central Co-Operative Bank Ltd madhevadgaon branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Ahmednagar District Central Co-Op Bank MICR codes for madhevadgaon branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!