Apna Sahakari Bank Nashik Nashik Maharashtra MICR CODE

Find MICR Codes for Apna Sahakari Bank Nashik Nashik 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 Satpur Nashik
Contact
Bank Details Apna Sahakari Bank Ltd Satpur Nashik ASBL0000047
Location Nashik, Nashik
City Nashik
District Nashik
State Maharashtra
Pincode 422007
Country IN
Address Shop no.2-5, rahul prasad chs, abb circle corner. Opp. Hotal emerald park, mahatma nagar, satpur, nashik 422007
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 Satpur Nashik 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, Satpur Nashik branch makes the system almost error free and faster. Use of Apna Bank MICR codes for Satpur Nashik 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 -

>>Satpur Nashik

MICR code for Apna Sahakari Bank Satpur Nashik

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 Satpur Nashik 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 Satpur Nashik branch. MICR code for Satpur Nashik 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 Satpur Nashik is presented in the table alongside.

Use of Apna Bank MICR code for Satpur Nashik branch in nashik

The MICR code 0 is used in RBI cheque clearing process to identify the branch Satpur Nashik 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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