Baramati Bank Pune Pune Maharashtra MICR CODE

Find MICR Codes for Baramati Bank Pune Pune Maharashtra

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MICR Code	411606008
Bank	The Baramati Sahakari Bank Limited
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Chakan
Contact	249112
Bank Details	The Baramati Sahakari Bank Limited Chakan BARA0000019

Location	Pune, Pune
City	Pune
District	Pune
State	Maharashtra
Pincode	410501
Country	IN
Address	Baravkar chamber,1 floor,pune-nashik highway,ambethan chowk,chakan,dist.pune-410501

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 411606008 for Chakan 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 411606008 of Baramati Sahakari Bank, Chakan branch makes the system almost error free and faster. Use of Baramati Sahakari Bank MICR codes for Chakan branch, makes the characters readable even if there are other marks and stamps on it.

A total of 15 branches of The Baramati Sahakari Bank Limited are available with micr code -

>>Bhosari >>Chakan >>Chinchwad >>Dhankawadi >>Hadapsar >>Hinjewadi >>Kondhawa >>Kothrud >>Laxmi Road >>Navi Sangvi >>Pune Nagar Road >>Rtgsho >>Shirur >>Sinhgad Road >>Talegaon

MICR code for Baramati Bank Chakan

Baramati Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Baramati Sahakari Bank MICR code for Chakan 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. 411606008 is the MICR code of Baramati Bank Limitrd for Chakan branch. MICR code for Chakan 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 Baramati Sahakari Bank Chakan is presented in the table alongside.

Use of Baramati Sahakari Bank MICR code for Chakan branch in pune

The MICR code 411606008 is used in RBI cheque clearing process to identify the branch Chakan and Baramati Sahakari 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 Baramati Bank Limitrd is typically in either of these two font’s: E-138 and CMC-7.

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