Apna Sahakari Bank Mumbai Greater Bombay Maharashtra MICR CODE

Find MICR Codes for Apna Sahakari Bank Mumbai Greater Bombay Maharashtra

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MICR Code	400098010
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	Powai
Contact	022 25703097/ 25702614
Bank Details	Apna Sahakari Bank Ltd Powai ASBL0000010

Location	Mumbai, Greater Bombay
City	Mumbai
District	Greater Bombay
State	Maharashtra
Pincode	400076
Country	IN
Address	Daffodil, 1st floor, hiranandani garden, powai, mumbai 400076

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 400098010 for Powai 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 400098010 of Apna Bank, Powai branch makes the system almost error free and faster. Use of Apna Bank MICR codes for Powai branch, makes the characters readable even if there are other marks and stamps on it.

A total of 28 branches of Apna Sahakari Bank Ltd are available with micr code -

>>Administration Office >>Andheri >>Bhandup >>Borivli >>Charkop >>Chembur >>Dadar (W) >>Dadasaheb Sarfare Chowk >>Dharavi >>Dindoshi >>Dr Ambedkar Road >>Ghatkopar >>Ghatkoper West >>Goragoan West >>Jogeshwari >>Kurla >>Lower Parel >>Malad (E) >>Malad (W) >>Mulund (E) >>Mulund West >>Naigaon >>Parel Main >>Powai >>Pratiksha Nagar >>Treasury >>Vashi >>Vikhroli (E)

MICR code for Apna Sahakari Bank Powai

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 Powai 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. 400098010 is the MICR code of Apna Sahakari Bank for Powai branch. MICR code for Powai 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 Powai is presented in the table alongside.

Use of Apna Bank MICR code for Powai branch in mumbai

The MICR code 400098010 is used in RBI cheque clearing process to identify the branch Powai 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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