Bassein Catholic Bank Fatimanagar Pune Maharashtra MICR CODE

Find MICR Codes for Bassein Catholic Bank Fatimanagar Pune Maharashtra

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MICR Code
Bank Bassein Catholic Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Pune
Contact Not Available Yet
Bank Details Bassein Catholic Co-Op Bank Ltd Pune BACB0000112
Location Fatimanagar, Pune
City Fatimanagar
District Pune
State Maharashtra
Pincode 411013
Country IN
Address Showroom no. B, c wing, kpct megha commercial complex, fatimanagar, wanavadi, pune - 411 013
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 Pune 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 Bassein Catholic Co-Op Bank, Pune branch makes the system almost error free and faster. Use of Bassein Catholic Co-Op Bank MICR codes for Pune branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Bassein Catholic Co-Op Bank Ltd are available with micr code -

>>Pune

MICR code for Bassein Catholic Bank Pune

Bassein Catholic Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Bassein Catholic Co-Op Bank MICR code for Pune 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 Bassein Catholic Co-Operative Bank for Pune branch. MICR code for Pune 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 Bassein Catholic Co-Op Bank Pune is presented in the table alongside.

Use of Bassein Catholic Co-Op Bank MICR code for Pune branch in fatimanagar

The MICR code 0 is used in RBI cheque clearing process to identify the branch Pune and Bassein Catholic Co-Op 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 Bassein Catholic Co-Operative Bank is typically in either of these two font’s: E-138 and CMC-7.

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