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 Shivaji Nagar 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. 400805003 is the MICR code of Ambarnath Jaihind Coop Bank Limited for Shivaji Nagar branch. MICR code for Shivaji Nagar 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 Shivaji Nagar is presented in the table alongside.
The MICR code 400805003 is used in RBI cheque clearing process to identify the branch Shivaji Nagar 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.