Apna Sahakari Bank Gargoti Kolhapur Maharashtra MICR CODE

Find MICR Codes for Apna Sahakari Bank Gargoti Kolhapur Maharashtra

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MICR Code
Bank Apna Sahakari Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Gargoti
Contact 02324 221476
Bank Details Apna Sahakari Bank Ltd Gargoti ASBL0000041
Location Gargoti, Kolhapur
City Gargoti
District Kolhapur
State Maharashtra
Pincode 416209
Country IN
Address S.s.no.1277, vani galli, gargoti, tal.bhudargad, kolhapur 416209
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 Gargoti 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 Apna Bank, Gargoti branch makes the system almost error free and faster. Use of Apna Bank MICR codes for Gargoti branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Apna Sahakari Bank Ltd are available with micr code -

>>Gargoti

MICR code for Apna Sahakari Bank Gargoti

Apna Sahakari Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Apna Bank MICR code for Gargoti 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 Apna Sahakari Bank for Gargoti branch. MICR code for Gargoti 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 Apna Bank Gargoti is presented in the table alongside.

Use of Apna Bank MICR code for Gargoti branch in gargoti

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

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