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 Fergussion College Campus Pune
Contact 020-25650136
Bank Details Central Bank Of India Fergussion College Campus Pune CBIN0011019
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 411004
Country IN
Address Fergusson college campus, fc road, pune 411004
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 411016013 for Fergussion College Campus 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 411016013 of Central Bank Of India, Fergussion College Campus Pune branch makes the system almost error free and faster. Use of Central Bank Of India MICR codes for Fergussion College Campus Pune branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Central Bank Fergussion College Campus 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 Fergussion College Campus 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. 411016013 is the MICR code of Central Bank India for Fergussion College Campus Pune branch. MICR code for Fergussion College Campus 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 Fergussion College Campus Pune is presented in the table alongside.

Use of Central Bank Of India MICR code for Fergussion College Campus Pune branch in pune

The MICR code 411016013 is used in RBI cheque clearing process to identify the branch Fergussion College Campus 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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