Arvind Bank Nagpur Gandhibag Maharashtra MICR CODE

Find MICR Codes for Arvind Bank Nagpur Gandhibag Maharashtra

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MICR Code
Bank Arvind Sahakari Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Gandhibag
Contact 712-222714
Bank Details Arvind Sahakari Bank Ltd Gandhibag ARBL0000005
Location Nagpur, Gandhibag
City Nagpur
District Gandhibag
State Maharashtra
Pincode
Country IN
Address C.a. Road, gandhibag, near adarsh vidya mandir, nagpur
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 440823002 for Gandhibag 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 440823002 of Arvind Sahakari Bank Ltd, Gandhibag branch makes the system almost error free and faster. Use of Arvind Sahakari Bank Ltd MICR codes for Gandhibag branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Arvind Sahakari Bank Ltd are available with micr code -

>>Gandhibag

MICR code for Arvind Bank Gandhibag

Arvind Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Arvind Sahakari Bank Ltd MICR code for Gandhibag 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. 440823002 is the MICR code of Arvind Bank for Gandhibag branch. MICR code for Gandhibag 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 Arvind Sahakari Bank Ltd Gandhibag is presented in the table alongside.

Use of Arvind Sahakari Bank Ltd MICR code for Gandhibag branch in nagpur

The MICR code 440823002 is used in RBI cheque clearing process to identify the branch Gandhibag and Arvind Sahakari Bank Ltd 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 Arvind Bank is typically in either of these two font’s: E-138 and CMC-7.

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