Canara Bank Pune Pune Maharashtra MICR CODE

Find MICR Codes for Canara Bank Pune Pune Maharashtra

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MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Pachvati Pashan Pune
Contact 020-25886260
Bank Details Canara Bank Pachvati Pashan Pune CNRB0002811
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 411008
Country IN
Address Panchavati township (ssb),plot no.1, s no.36/1/1a & 37/,1/1a, madhukunj chs,pan- chavati,pashan, pune 411008
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 411015026 for Pachvati Pashan 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 411015026 of Canara Bank, Pachvati Pashan Pune branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Pachvati Pashan Pune branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank Pachvati Pashan Pune

Canara Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Canara Bank MICR code for Pachvati Pashan 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. 411015026 is the MICR code of Canara Bank for Pachvati Pashan Pune branch. MICR code for Pachvati Pashan 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 Canara Bank Pachvati Pashan Pune is presented in the table alongside.

Use of Canara Bank MICR code for Pachvati Pashan Pune branch in pune

The MICR code 411015026 is used in RBI cheque clearing process to identify the branch Pachvati Pashan Pune and Canara 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 Canara Bank is typically in either of these two font’s: E-138 and CMC-7.

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