Apna Sahakari Bank Khed Ratnagiri Maharashtra MICR CODE

Find MICR Codes for Apna Sahakari Bank Khed Ratnagiri 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 Khed
Contact 0
Bank Details Apna Sahakari Bank Ltd Khed ASBL0000079
Location Khed, Ratnagiri
City Khed
District Ratnagiri
State Maharashtra
Pincode 415722
Country IN
Address Shop no 6,7,14 and 15, groung floor, mukadam landmark, bulding no 1, survey no 22 a1, hissa no 2a/1/2 kked ratnagiri 415709
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 98000 for Khed 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 98000 of Apna Bank, Khed branch makes the system almost error free and faster. Use of Apna Bank MICR codes for Khed 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 -

>>Khed

MICR code for Apna Sahakari Bank Khed

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 Khed 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. 98000 is the MICR code of Apna Sahakari Bank for Khed branch. MICR code for Khed 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 Khed is presented in the table alongside.

Use of Apna Bank MICR code for Khed branch in khed

The MICR code 98000 is used in RBI cheque clearing process to identify the branch Khed 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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