Ambarnath Jaihind Coop Bank Limited Neral Raigad Maharashtra MICR CODE

Find MICR Codes for Ambarnath Jaihind Coop Bank Limited Neral Raigad Maharashtra

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MICR Code
Bank Ambarnath Jaihind Coop Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Neral Branch
Contact 238788
Bank Details Ambarnath Jaihind Coop Bank Ltd Neral Branch AJHC0001018
Location Neral, Raigad
City Neral
District Raigad
State Maharashtra
Pincode 410101
Country IN
Address Shop no.4 to 7,ashirwad building,matheran road,lokmanya tilak chowk,neral,taluka karjat dist-410101
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 400805017 for Neral Branch 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 400805017 of Ambarnath Jaihind Coop Bank Limited, Neral Branch branch makes the system almost error free and faster. Use of Ambarnath Jaihind Coop Bank Limited MICR codes for Neral Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Ambarnath Jaihind Coop Bank Ltd are available with micr code -

>>Neral Branch

MICR code for Ambarnath Jaihind Coop Bank Limited Neral Branch

Ambarnath Jaihind Coop Bank Limited MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Ambarnath Jaihind Coop Bank Limited MICR code for Neral Branch 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. 400805017 is the MICR code of Ambarnath Jaihind Coop Bank Limited for Neral Branch branch. MICR code for Neral Branch 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 Ambarnath Jaihind Coop Bank Limited Neral Branch is presented in the table alongside.

Use of Ambarnath Jaihind Coop Bank Limited MICR code for Neral Branch branch in neral

The MICR code 400805017 is used in RBI cheque clearing process to identify the branch Neral Branch and Ambarnath Jaihind Coop Bank Limited 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 Ambarnath Jaihind Coop Bank Limited is typically in either of these two font’s: E-138 and CMC-7.

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