Indian Bank Pune Pune Maharashtra MICR CODE

Find MICR Codes for Indian Bank Pune Pune Maharashtra

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MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Wanowrie Pune
Contact 0 9923592765
Bank Details Indian Bank Wanowrie Pune IDIB000W014
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 411040
Country IN
Address 1st floor vishal enclave tatya tope society kedari garden junction wanwadi pune - 411 040
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 Wanowrie 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, Wanowrie Pune branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Wanowrie Pune branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indian Bank Wanowrie 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 Wanowrie 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 Wanowrie Pune branch. MICR code for Wanowrie 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 Wanowrie Pune is presented in the table alongside.

Use of Indian Bank MICR code for Wanowrie Pune branch in pune

The MICR code 0 is used in RBI cheque clearing process to identify the branch Wanowrie 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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