Baramati Bank Daund Pune Maharashtra MICR CODE

Find MICR Codes for Baramati Bank Daund Pune Maharashtra

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MICR Code	413606476
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	Daund
Contact	264959
Bank Details	The Baramati Sahakari Bank Limited Daund BARA0000004

Location	Daund, Pune
City	Daund
District	Pune
State	Maharashtra
Pincode	413801
Country	IN
Address	City centre building, sahakar chowk, daund, dist.pune413801

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 413606476 for Daund 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 413606476 of Baramati Sahakari Bank, Daund branch makes the system almost error free and faster. Use of Baramati Sahakari Bank MICR codes for Daund branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of The Baramati Sahakari Bank Limited are available with micr code -

>>Daund

MICR code for Baramati Bank Daund

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 Daund 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. 413606476 is the MICR code of Baramati Bank Limitrd for Daund branch. MICR code for Daund 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 Daund is presented in the table alongside.

Use of Baramati Sahakari Bank MICR code for Daund branch in daund

The MICR code 413606476 is used in RBI cheque clearing process to identify the branch Daund 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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