Corporation Bank Pune Pune Maharashtra MICR CODE

Find MICR Codes for Corporation Bank Pune Pune Maharashtra

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MICR Code	411017005
Bank	Corporation Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Pune Karvenagar
Contact	020-25411212
Bank Details	Corporation Bank Pune Karvenagar CORP0000503

Location	Pune, Pune
City	Pune
District	Pune
State	Maharashtra
Pincode	411052
Country	IN
Address	Sai ganesh complex, p.o.karvenagar-pune,411052

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 411017005 for Pune Karvenagar 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 411017005 of Corp Bank, Pune Karvenagar branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Pune Karvenagar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 25 branches of Corporation Bank are available with micr code -

>>Army Public School Pune >>Bhugaon >>Chakan >>Markal >>Pargaon Tarf Khed >>Pune Aundh >>Pune Aundh >>Pune Baner >>Pune Bhosari >>Pune Caps >>Pune Cms Core >>Pune Deccan Ghymkhana >>Pune Hadapsar >>Pune Hq.Southern Command >>Pune Karvenagar >>Pune Kondhwa >>Pune Main >>Pune Navipeth >>Pune Pimple Saudagar >>Pune Sarasbaug >>Pune Shivajinagar >>Pune Somwarpet >>Pune Viman Nagar >>Wanewadi >>Zonal Office Pune

MICR code for Corporation Bank Pune Karvenagar

Corporation Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Corp Bank MICR code for Pune Karvenagar 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. 411017005 is the MICR code of Corporation Bank for Pune Karvenagar branch. MICR code for Pune Karvenagar 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 Corp Bank Pune Karvenagar is presented in the table alongside.

Use of Corp Bank MICR code for Pune Karvenagar branch in pune

The MICR code 411017005 is used in RBI cheque clearing process to identify the branch Pune Karvenagar and Corp 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 Corporation Bank is typically in either of these two font’s: E-138 and CMC-7.

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