Central Bank Ahmedabad Ahmedabad Gujarat MICR CODE

Find MICR Codes for Central Bank Ahmedabad Ahmedabad Gujarat

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MICR Code
Bank Central Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ahmedabad Stock Exchange Branch
Contact
Bank Details Central Bank Of India Ahmedabad Stock Exchange Branch CBIN0283183
Location Ahmedabad, Ahmedabad
City Ahmedabad
District Ahmedabad
State Gujarat
Pincode 380015
Country IN
Address Kamdhenu complex, near panjara pole, ambawadi, ahmedabad 380 015
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 380016037 for Ahmedabad Stock Exchange Branch 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 380016037 of Central Bank Of India, Ahmedabad Stock Exchange Branch branch makes the system almost error free and faster. Use of Central Bank Of India MICR codes for Ahmedabad Stock Exchange Branch branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Central Bank Ahmedabad Stock Exchange Branch

Central Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Central Bank Of India MICR code for Ahmedabad Stock Exchange Branch 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. 380016037 is the MICR code of Central Bank India for Ahmedabad Stock Exchange Branch branch. MICR code for Ahmedabad Stock Exchange Branch 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 Central Bank Of India Ahmedabad Stock Exchange Branch is presented in the table alongside.

Use of Central Bank Of India MICR code for Ahmedabad Stock Exchange Branch branch in ahmedabad

The MICR code 380016037 is used in RBI cheque clearing process to identify the branch Ahmedabad Stock Exchange Branch and Central Bank Of India 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 Central Bank India is typically in either of these two font’s: E-138 and CMC-7.

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