Central Bank Pune Pune Maharashtra MICR CODE

Find MICR Codes for Central Bank Pune Pune Maharashtra

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MICR Code
Bank Central Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Asset Recovery Branch Pune
Contact 020-26131611
Bank Details Central Bank Of India Asset Recovery Branch Pune CBIN0283743
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 411001
Country IN
Address 317, m.g.road, pune camp, maharashtra - 411001
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 Asset Recovery Branch 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 Central Bank Of India, Asset Recovery Branch Pune branch makes the system almost error free and faster. Use of Central Bank Of India MICR codes for Asset Recovery Branch Pune branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Central Bank Asset Recovery Branch Pune

Central Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Central Bank Of India MICR code for Asset Recovery Branch 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 Central Bank India for Asset Recovery Branch Pune branch. MICR code for Asset Recovery Branch 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 Central Bank Of India Asset Recovery Branch Pune is presented in the table alongside.

Use of Central Bank Of India MICR code for Asset Recovery Branch Pune branch in pune

The MICR code 0 is used in RBI cheque clearing process to identify the branch Asset Recovery Branch Pune and Central Bank Of India 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 Central Bank India is typically in either of these two font’s: E-138 and CMC-7.

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