The Akola Urban Cooperative Bank Limited Akola Telhara Maharashtra MICR CODE

Find MICR Codes for The Akola Urban Cooperative Bank Limited Akola Telhara Maharashtra

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MICR Code
Bank The Akola Urban Cooperative Bank Limited
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Telhara
Contact 7258-231876
Bank Details The Akola Urban Cooperative Bank Limited Telhara TAUB0001013
Location Akola, Telhara
City Akola
District Telhara
State Maharashtra
Pincode
Country IN
Address Main road,near bus stand,besides adcc bank,telhara
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 Telhara 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 Akola Urban Bank Ltd, Telhara branch makes the system almost error free and faster. Use of Akola Urban Bank Ltd MICR codes for Telhara branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of The Akola Urban Cooperative Bank Limited are available with micr code -

>>Telhara

MICR code for The Akola Urban Cooperative Bank Limited Telhara

The Akola Urban Cooperative Bank Limited MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Akola Urban Bank Ltd MICR code for Telhara 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 Akola Urban Cooperative Bank Limited for Telhara branch. MICR code for Telhara 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 Akola Urban Bank Ltd Telhara is presented in the table alongside.

Use of Akola Urban Bank Ltd MICR code for Telhara branch in akola

The MICR code 0 is used in RBI cheque clearing process to identify the branch Telhara and Akola Urban 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 The Akola Urban Cooperative Bank Limited is typically in either of these two font’s: E-138 and CMC-7.

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