Indian Bank Pune Pune Maharashtra MICR CODE

Find MICR Codes for Indian Bank Pune Pune Maharashtra

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MICR Code	411019018
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Wakad
Contact	7743870985
Bank Details	Indian Bank Wakad IDIB000W016

Location	Pune, Pune
City	Pune
District	Pune
State	Maharashtra
Pincode	411057
Country	IN
Address	Sector 40, plot no sdc 1-2, shop no 17,18,19 legacy square, opp kaveri nagar police colony, wakad, pune, maharastra, pin-411057

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 411019018 for Wakad 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 411019018 of Indian Bank, Wakad branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Wakad 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 Wakad

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 Wakad 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. 411019018 is the MICR code of Indian Bank for Wakad branch. MICR code for Wakad 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 Wakad is presented in the table alongside.

Use of Indian Bank MICR code for Wakad branch in pune

The MICR code 411019018 is used in RBI cheque clearing process to identify the branch Wakad 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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