Indian Bank Pune Pune Maharashtra MICR CODE

Find MICR Codes for Indian Bank Pune Pune Maharashtra

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MICR Code	-NA-
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Ind Msme Pune
Contact	7219616232
Bank Details	Indian Bank Ind Msme Pune IDIB000I057

Location	Pune, Pune
City	Pune
District	Pune
State	Maharashtra
Pincode	411039
Country	IN
Address	54, progress house 1st floor, old pune mumbai road, shivaji nagar, pune, maharashtra, pin-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 0 for Ind Msme 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 0 of Indian Bank, Ind Msme Pune branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Ind Msme Pune branch, makes the characters readable even if there are other marks and stamps on it.

A total of 22 branches of Indian Bank are available with micr code -

>>Command Hospital Pune >>Deccan Gymkhana >>Ind Msme Pune >>Ind Retail Pune >>Kalyani Nagar >>Kharadi >>Mcb Deccan Gymkhana >>Mcb Deccan Gymkhanapune >>Microsate Branch Pune >>Nanapeth >>Nibm Kondwa >>Pimpale Saudagar >>Pune >>Pune Cantonment >>Pune City >>Pune Dhanori >>Pune P N P >>Rmpc >>Sadashivpet >>Vadgaon Budruk >>Wakad >>Wanowrie Pune

MICR code for Indian Bank Ind Msme Pune

Indian Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Indian Bank MICR code for Ind Msme 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. 0 is the MICR code of Indian Bank for Ind Msme Pune branch. MICR code for Ind Msme 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 Indian Bank Ind Msme Pune is presented in the table alongside.

Use of Indian Bank MICR code for Ind Msme Pune branch in pune

The MICR code 0 is used in RBI cheque clearing process to identify the branch Ind Msme Pune and Indian 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 Indian Bank is typically in either of these two font’s: E-138 and CMC-7.

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