Central Bank Panchwad Satara Maharashtra MICR CODE

Find MICR Codes for Central Bank Panchwad Satara Maharashtra

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MICR Code	-NA-
Bank	Central Bank Of India
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Panchwad
Contact	02167-285222
Bank Details	Central Bank Of India Panchwad CBIN0281165

Location	Panchwad, Satara
City	Panchwad
District	Satara
State	Maharashtra
Pincode	415513
Country	IN
Address	Deepak building, at & post panchwad, taluka - wai, dist-satara, maharashtra-415513

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 Panchwad 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, Panchwad branch makes the system almost error free and faster. Use of Central Bank Of India MICR codes for Panchwad branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Central Bank Of India are available with micr code -

>>Panchwad

MICR code for Central Bank Panchwad

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 Panchwad 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 Panchwad branch. MICR code for Panchwad 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 Panchwad is presented in the table alongside.

Use of Central Bank Of India MICR code for Panchwad branch in panchwad

The MICR code 0 is used in RBI cheque clearing process to identify the branch Panchwad 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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