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 Mafco Ltd.Pune
Contact 20-25657158
Bank Details Central Bank Of India Mafco Ltd.Pune CBIN0010656
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 411016
Country IN
Address Mafco ltd.pune,gokhale nagar, dist- pune, maharashtra-411016
MICR Code
Bank Central Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mafco Ltd.Pune
Contact 020-25657158
Bank Details Central Bank Of India Mafco Ltd.Pune CBIN0284662
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 411016
Country IN
Address 58,janawadi pune - 411016
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 Mafco Ltd.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, Mafco Ltd.Pune branch makes the system almost error free and faster. Use of Central Bank Of India MICR codes for Mafco Ltd.Pune branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Central Bank Mafco Ltd.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 Mafco Ltd.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 Mafco Ltd.Pune branch. MICR code for Mafco Ltd.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 Mafco Ltd.Pune is presented in the table alongside.

Use of Central Bank Of India MICR code for Mafco Ltd.Pune branch in pune

The MICR code 0 is used in RBI cheque clearing process to identify the branch Mafco Ltd.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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