The Ajara Urban Co Op Bank Ltd Ajara Kolhapur Kolhapur Maharashtra MICR CODE

Find MICR Codes for The Ajara Urban Co Op Bank Ltd Ajara Kolhapur Kolhapur Maharashtra

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MICR Code
Bank The Ajara Urban Co op Bank Ltd Ajara
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Rankala
Contact
Bank Details The Ajara Urban Co op Bank Ltd Ajara Rankala AJAR0000024
Location Kolhapur, Kolhapur
City Kolhapur
District Kolhapur
State Maharashtra
Pincode 416012
Country IN
Address C.s.no.3131a,a ward babujamal darga road,kolhapur.pin -416012
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 Rankala 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 Ajara Bank, Rankala branch makes the system almost error free and faster. Use of Ajara Bank MICR codes for Rankala branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of The Ajara Urban Co op Bank Ltd Ajara are available with micr code -

>>Bindu Chowk >>Phulewadi >>Pratibhanagar >>Rankala

MICR code for The Ajara Urban Co Op Bank Ltd Ajara Rankala

The Ajara Urban Co Op Bank Ltd Ajara MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Ajara Bank MICR code for Rankala 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 The Ajara Urban Co Op Bank Ltd Ajara for Rankala branch. MICR code for Rankala 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 Ajara Bank Rankala is presented in the table alongside.

Use of Ajara Bank MICR code for Rankala branch in kolhapur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Rankala and Ajara 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 The Ajara Urban Co Op Bank Ltd Ajara is typically in either of these two font’s: E-138 and CMC-7.

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