Indusind Bank Pune Pune Maharashtra MICR CODE

Find MICR Codes for Indusind Bank Pune Pune Maharashtra

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MICR Code
Bank Indusind Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Pune Ghole Road
Contact 20-25511053
Bank Details Indusind Bank Ltd Pune Ghole Road INDB0001879
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode
Country IN
Address Indusind bank ground floor venkatesh meher plot no 549 ghole roadoff jm road pune
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 411234035 for Pune Ghole Road 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 411234035 of Indus Bank, Pune Ghole Road branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Pune Ghole Road branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indusind Bank Pune Ghole Road

Indusind Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Indus Bank MICR code for Pune Ghole Road 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. 411234035 is the MICR code of Indusind Bank for Pune Ghole Road branch. MICR code for Pune Ghole Road 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 Indus Bank Pune Ghole Road is presented in the table alongside.

Use of Indus Bank MICR code for Pune Ghole Road branch in pune

The MICR code 411234035 is used in RBI cheque clearing process to identify the branch Pune Ghole Road and Indus 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 Indusind Bank is typically in either of these two font’s: E-138 and CMC-7.

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