Andhra Pradesh Co-Op Bank Hyderabad Hyderabad Andhra Pradesh MICR CODE

Find MICR Codes for Andhra Pradesh Co-Op Bank Hyderabad Hyderabad Andhra Pradesh

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MICR Code
Bank The Andhra Pradesh State Co-op Bank Ltd.
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Moulali
Contact
Bank Details The Andhra Pradesh State Co-op Bank Ltd. Moulali APBL0000120
Location Hyderabad, Hyderabad
City Hyderabad
District Hyderabad
State Andhra Pradesh
Pincode 500027
Country IN
Address Plot no. 17, ecil x roads, hyderabaderabad-62
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 0 for Moulali 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 0 of Andhra Pradesh State Co-Op Bank, Moulali branch makes the system almost error free and faster. Use of Andhra Pradesh State Co-Op Bank MICR codes for Moulali branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Andhra Pradesh Co-Op Bank Moulali

Andhra Pradesh Co-Op Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Andhra Pradesh State Co-Op Bank MICR code for Moulali 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. 0 is the MICR code of Andhra Pradesh State Bank for Moulali branch. MICR code for Moulali 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 Andhra Pradesh State Co-Op Bank Moulali is presented in the table alongside.

Use of Andhra Pradesh State Co-Op Bank MICR code for Moulali branch in hyderabad

The MICR code 0 is used in RBI cheque clearing process to identify the branch Moulali and Andhra Pradesh State 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 Andhra Pradesh State Bank is typically in either of these two font’s: E-138 and CMC-7.

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