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 Pune Camp Ii
Contact 0
Bank Details Canara Bank Pune Camp Ii CNRB0015324
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 411001
Country IN
Address Parmar chambers connaught road pune pune 411 001
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 411015057 for Pune Camp Ii 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 411015057 of Canara Bank, Pune Camp Ii branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Pune Camp Ii branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank Pune Camp Ii

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 Pune Camp Ii 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. 411015057 is the MICR code of Canara Bank for Pune Camp Ii branch. MICR code for Pune Camp Ii 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 Pune Camp Ii is presented in the table alongside.

Use of Canara Bank MICR code for Pune Camp Ii branch in pune

The MICR code 411015057 is used in RBI cheque clearing process to identify the branch Pune Camp Ii 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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