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 Model Colony
Contact 020 - 25653211
Bank Details Canara Bank Pune Model Colony CNRB0000262
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 411016
Country IN
Address Chinar heights, i floor,1010,, deep bunglow chowk model cly, shivajinagar, pune 411 016
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 411015009 for Pune Model Colony 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 411015009 of Canara Bank, Pune Model Colony branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Pune Model Colony branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank Pune Model Colony

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 Model Colony 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. 411015009 is the MICR code of Canara Bank for Pune Model Colony branch. MICR code for Pune Model Colony 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 Model Colony is presented in the table alongside.

Use of Canara Bank MICR code for Pune Model Colony branch in pune

The MICR code 411015009 is used in RBI cheque clearing process to identify the branch Pune Model Colony 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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