Apna Sahakari Bank Ratnagiri Ratnagiri Maharashtra MICR CODE

Find MICR Codes for Apna Sahakari Bank Ratnagiri 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 Ratnagiri
Contact 0
Bank Details Apna Sahakari Bank Ltd Ratnagiri ASBL0000078
Location Ratnagiri, Ratnagiri
City Ratnagiri
District Ratnagiri
State Maharashtra
Pincode 415612
Country IN
Address Navakr plaza, 1 st floor, a wing, shop no 14,115,116 ratnagiri kolhapur highway, maruti mandir circle ratnagiri 415 612
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 415098051 for Ratnagiri 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 415098051 of Apna Bank, Ratnagiri branch makes the system almost error free and faster. Use of Apna Bank MICR codes for Ratnagiri 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 -

>>Ratnagiri

MICR code for Apna Sahakari Bank Ratnagiri

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 Ratnagiri 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. 415098051 is the MICR code of Apna Sahakari Bank for Ratnagiri branch. MICR code for Ratnagiri 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 Ratnagiri is presented in the table alongside.

Use of Apna Bank MICR code for Ratnagiri branch in ratnagiri

The MICR code 415098051 is used in RBI cheque clearing process to identify the branch Ratnagiri 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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