Arvind Bank Nagpur Head Office Maharashtra MICR CODE

Find MICR Codes for Arvind Bank Nagpur Head Office 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 Rtgsho
Contact 7112-222710
Bank Details Arvind Sahakari Bank Ltd Rtgsho ARBL0000001
Location Nagpur, Head Office
City Nagpur
District Head Office
State Maharashtra
Pincode
Country IN
Address Main road katol, tah-katol, dist-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 0 for Rtgsho 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 Arvind Sahakari Bank Ltd, Rtgsho branch makes the system almost error free and faster. Use of Arvind Sahakari Bank Ltd MICR codes for Rtgsho 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 -

>>Rtgsho

MICR code for Arvind Bank Rtgsho

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 Rtgsho 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 Arvind Bank for Rtgsho branch. MICR code for Rtgsho 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 Rtgsho is presented in the table alongside.

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

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