Bhagini Nivedita Sahakari Bank Ltd Pune Pune Maharashtra MICR CODE

Find MICR Codes for Bhagini Nivedita Sahakari Bank Ltd Pune Pune Maharashtra

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MICR Code	411272002
Bank	Bhagini Nivedita Sahakari Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Narayan Peth
Contact	24458632
Bank Details	Bhagini Nivedita Sahakari Bank Ltd Narayan Peth BNSB0000002

Location	Pune, Pune
City	Pune
District	Pune
State	Maharashtra
Pincode	411030
Country	IN
Address	Sancheti chambers,opp.vijay talkies,laxmi road,pune 411030

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 411272002 for Narayan Peth 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 411272002 of Bhagini Nivedita Sahakari Bank Ltd, Narayan Peth branch makes the system almost error free and faster. Use of Bhagini Nivedita Sahakari Bank Ltd MICR codes for Narayan Peth branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Bhagini Nivedita Sahakari Bank Ltd are available with micr code -

>>Narayan Peth >>Rtgsho

MICR code for Bhagini Nivedita Sahakari Bank Ltd Narayan Peth

Bhagini Nivedita Sahakari Bank Ltd MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Bhagini Nivedita Sahakari Bank Ltd MICR code for Narayan Peth 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. 411272002 is the MICR code of Bhagini Nivedita Sahakari Bank Ltd for Narayan Peth branch. MICR code for Narayan Peth 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 Bhagini Nivedita Sahakari Bank Ltd Narayan Peth is presented in the table alongside.

Use of Bhagini Nivedita Sahakari Bank Ltd MICR code for Narayan Peth branch in pune

The MICR code 411272002 is used in RBI cheque clearing process to identify the branch Narayan Peth and Bhagini Nivedita Sahakari Bank Ltd 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 Bhagini Nivedita Sahakari Bank Ltd is typically in either of these two font’s: E-138 and CMC-7.

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