IDBI Pune Pune Maharashtra MICR CODE

Find MICR Codes for IDBI Pune Pune Maharashtra

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MICR Code	411291001
Bank	Idbi Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Pune
Contact	020-2553110 fax: 020-25537834
Bank Details	Idbi Bank Ltd Pune IBKL0007SBC

Location	Pune, Pune
City	Pune
District	Pune
State	Maharashtra
Pincode	411005
Country	IN
Address	Shivajirao bhosale sahakari bank ltd.94a, sangita samruti narwir, tanajiwadi, shivaji nagar, tanaji wadi, 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 411291001 for Pune 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 411291001 of IDBI Bank, Pune branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Pune branch, makes the characters readable even if there are other marks and stamps on it.

A total of 90 branches of Idbi Bank Ltd are available with micr code -

MICR code for IDBI Pune

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Pune 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. 411291001 is the MICR code of IDBI for Pune branch. MICR code for Pune 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 IDBI Bank Pune is presented in the table alongside.

Use of IDBI Bank MICR code for Pune branch in pune

The MICR code 411291001 is used in RBI cheque clearing process to identify the branch Pune and IDBI 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 IDBI is typically in either of these two font’s: E-138 and CMC-7.

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