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 Viman Nagar
Contact 020-26634291
Bank Details Corporation Bank Pune Viman Nagar CORP0000739
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 411014
Country IN
Address Vimannagar,mehta house,g floor,pune-411014
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 411017009 for Pune Viman Nagar 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 411017009 of Corp Bank, Pune Viman Nagar branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Pune Viman Nagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Corporation Bank Pune Viman Nagar

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 Viman Nagar 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. 411017009 is the MICR code of Corporation Bank for Pune Viman Nagar branch. MICR code for Pune Viman Nagar 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 Viman Nagar is presented in the table alongside.

Use of Corp Bank MICR code for Pune Viman Nagar branch in pune

The MICR code 411017009 is used in RBI cheque clearing process to identify the branch Pune Viman Nagar 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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