Baramati Bank Nira Pune Maharashtra MICR CODE

Find MICR Codes for Baramati Bank Nira Pune Maharashtra

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MICR Code	413006503
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	Nira
Contact	242477
Bank Details	The Baramati Sahakari Bank Limited Nira BARA0000008

Location	Nira, Pune
City	Nira
District	Pune
State	Maharashtra
Pincode	412102
Country	IN
Address	Ashish plaza,baramati nira road,nira tal-purandhar 412102,dist.pune

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 413006503 for Nira 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 413006503 of Baramati Sahakari Bank, Nira branch makes the system almost error free and faster. Use of Baramati Sahakari Bank MICR codes for Nira 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 -

>>Nira

MICR code for Baramati Bank Nira

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 Nira 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. 413006503 is the MICR code of Baramati Bank Limitrd for Nira branch. MICR code for Nira 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 Nira is presented in the table alongside.

Use of Baramati Sahakari Bank MICR code for Nira branch in nira

The MICR code 413006503 is used in RBI cheque clearing process to identify the branch Nira 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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