Apna Sahakari Bank Kolhapur Kolhapur Maharashtra MICR CODE

Find MICR Codes for Apna Sahakari Bank Kolhapur Kolhapur Maharashtra

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MICR Code	416098005
Bank	Apna Sahakari Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Phule Wadi
Contact	0231 2631717
Bank Details	Apna Sahakari Bank Ltd Phule Wadi ASBL0000034

Location	Kolhapur, Kolhapur
City	Kolhapur
District	Kolhapur
State	Maharashtra
Pincode	416010
Country	IN
Address	Plot no.359, mahatma phule hsg.soc., phulewadi, kolhapur 416010

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 416098005 for Phule Wadi 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 416098005 of Apna Bank, Phule Wadi branch makes the system almost error free and faster. Use of Apna Bank MICR codes for Phule Wadi branch, makes the characters readable even if there are other marks and stamps on it.

A total of 7 branches of Apna Sahakari Bank Ltd are available with micr code -

>>Kshirsagar >>Laxmipuri >>Phule Wadi >>Rajarampuri >>Sadar Bazar >>Shivaji Peth >>Timber Market

MICR code for Apna Sahakari Bank Phule Wadi

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 Phule Wadi 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. 416098005 is the MICR code of Apna Sahakari Bank for Phule Wadi branch. MICR code for Phule Wadi 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 Phule Wadi is presented in the table alongside.

Use of Apna Bank MICR code for Phule Wadi branch in kolhapur

The MICR code 416098005 is used in RBI cheque clearing process to identify the branch Phule Wadi 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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