Corporation Bank Pune Pune Maharashtra MICR CODE

Find MICR Codes for Corporation Bank Pune Pune Maharashtra

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MICR Code
Bank Corporation Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Pune Pimple Saudagar
Contact 020-27206161
Bank Details Corporation Bank Pune Pimple Saudagar CORP0001214
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 411027
Country IN
Address Shubhashree wood club house, pimple saudagar
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 411017019 for Pune Pimple Saudagar 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 411017019 of Corp Bank, Pune Pimple Saudagar branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Pune Pimple Saudagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Corporation Bank Pune Pimple Saudagar

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 Pimple Saudagar 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. 411017019 is the MICR code of Corporation Bank for Pune Pimple Saudagar branch. MICR code for Pune Pimple Saudagar 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 Pimple Saudagar is presented in the table alongside.

Use of Corp Bank MICR code for Pune Pimple Saudagar branch in pune

The MICR code 411017019 is used in RBI cheque clearing process to identify the branch Pune Pimple Saudagar 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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