IFSC code for Ahmednagar Merchants Co-operative Bank, Aurangabad, Aurangabad, Maharashtra
Updated on: Sunday, December 1, 2024
IFSC CODE
AMDN0000108
Ahmednagar Merchants Co-operative Bank
Aurangabad, Aurangabad, Maharashtra
Address
Plot No.30,friends Colony,konkanwadi,station Road,aurangabad-431001
Ahmednagar Merchants Co-operative Bank
Aurangabad, Aurangabad, Maharashtra
Address
Plot No.30,friends Colony,konkanwadi,station Road,aurangabad-431001
Bank Details
IFSC Code
AMDN0000108
MICR Code
431240082
Bank Code
(Based on IFSC)
AMDN
Bank Code
(Based on MICR)
240
Contact
+912402354818
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IFSC Code of Ahmednagar Merchants Co-operative Bank
Every Ahmednagar Merchants Co-operative Bank branch in India has a unique Ahmednagar Merchants Co-operative Bank IFSC Code. Ahmednagar Merchants Co-operative Bank IFSC Code enables Ahmednagar Merchants Co-operative Bank account holders to send and receive money electronically. Ahmednagar Merchants Co-operative Bank IFSC Code is assigned by RBI (Reserve Bank of India) to each branch as it helps in carrying out RTGS and NEFT transactions smoothly.
Benefits of IFSC Code
Unique Identification: IFSC code helps in unique identification of all banks and their respective branches.
Smooth Fund Transfer: IFSC code enables convenient and hassle-free transfer of funds from one bank account to another.
Monitoring Transactions: IFSC code is used by RBI to keep track of all the bank transactions. It lowers the chances of discrepancy.
Format of Ahmednagar Merchants Co-operative Bank IFSC Code AMDN0000108
The IFSC code of all accounts in the same branch of the bank is standard. It is an 11 digit alphanumeric code.
The first four letters of the code, i.e., AMDN, denotes the name of the bank which is Ahmednagar Merchants Co-operative Bank.
The fifth character is 0.
The last six digits of the code, i.e., 000108, represents the branch which is Ahmednagar Merchants Co-operative Bank
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MICR Code of Ahmednagar Merchants Co-operative Bank
Every Ahmednagar Merchants Co-operative Bank branch in India has a unique Ahmednagar Merchants Co-operative Bank MICR Code. MICR code for Ahmednagar Merchants Co-operative Bank can be found on a cheque leaf and bank passbook. It is a 9 digit code printed on the last line of a cheque leaf. One can also find MICR code on the website of Ahmednagar Merchants Co-operative Bank. MICR code is used for faster and secure processing of cheques.
Benefits of MICR Code
High Level of Security: The use of magnetic ink ensures MICR characters are readable even if a document is obscured by marks.
Authentication of Docs: MICR code authenticates the originality and legality of paper based docs. in the banking system.
Faster Processing: There is no manual input and hence the processing of MICR information is fast and errors are reduced.