The Ahmednagar Merchant Cooperative Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Ahmednagar Merchant Cooperative Bank MICR code for Chitale Road 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 Ahmednagar Merchant Co Op Bank for Chitale Road branch. MICR code for Chitale Road 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 Ahmednagar Merchant Cooperative Bank Chitale Road is presented in the table alongside.
The MICR code 0 is used in RBI cheque clearing process to identify the branch Chitale Road and Ahmednagar Merchant Cooperative 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 Ahmednagar Merchant Co Op Bank is typically in either of these two font’s: E-138 and CMC-7.