Corporation Bank Pune Pune Maharashtra MICR CODE

Find MICR Codes for Corporation Bank Pune Pune Maharashtra

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MICR Code	411017006
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 Shivajinagar
Contact	020-25530593
Bank Details	Corporation Bank Pune Shivajinagar CORP0000690

Location	Pune, Pune
City	Pune
District	Pune
State	Maharashtra
Pincode	411005
Country	IN
Address	Lic of india bldg,off.,shivaji nagar,pune 411005

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 411017006 for Pune Shivajinagar 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 411017006 of Corp Bank, Pune Shivajinagar branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Pune Shivajinagar 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 -

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MICR code for Corporation Bank Pune Shivajinagar

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 Shivajinagar 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. 411017006 is the MICR code of Corporation Bank for Pune Shivajinagar branch. MICR code for Pune Shivajinagar 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 Shivajinagar is presented in the table alongside.

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

The MICR code 411017006 is used in RBI cheque clearing process to identify the branch Pune Shivajinagar 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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