The Ahmednagar Merchant Cooperative Bank Ahmednagar Ahmedangar Maharashtra MICR CODE

Find MICR Codes for The Ahmednagar Merchant Cooperative Bank Ahmednagar Ahmedangar Maharashtra

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MICR Code	-NA-
Bank	The Ahmednagar Merchant Cooperative Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Kapad Bazar
Contact
Bank Details	The Ahmednagar Merchant Cooperative Bank Kapad Bazar AMDN0000103

Location	Ahmednagar, Ahmedangar
City	Ahmednagar
District	Ahmedangar
State	Maharashtra
Pincode	414001
Country	IN
Address	Mission compound,kapad bazar,ahmednagar -414001

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.

The Ahmednagar Merchant Cooperative Bank »
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Kapad Bazar (0)

How does MICR code 0 for Kapad Bazar 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 Ahmednagar Merchant Cooperative Bank, Kapad Bazar branch makes the system almost error free and faster. Use of Ahmednagar Merchant Cooperative Bank MICR codes for Kapad Bazar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 8 branches of The Ahmednagar Merchant Cooperative Bank are available with micr code -

>>Chitale Road >>Dalmandai >>Gulmohar Road >>Kapad Bazar >>Market Yard >>Midc >>Rtgsho >>Tarakpur

MICR code for The Ahmednagar Merchant Cooperative Bank Kapad Bazar

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 Kapad Bazar 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 Kapad Bazar branch. MICR code for Kapad Bazar 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 Kapad Bazar is presented in the table alongside.

Use of Ahmednagar Merchant Cooperative Bank MICR code for Kapad Bazar branch in ahmednagar

The MICR code 0 is used in RBI cheque clearing process to identify the branch Kapad Bazar 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.

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