Mahanagar Bank Pune Pune Maharashtra MICR CODE

Find MICR Codes for Mahanagar Bank Pune Pune Maharashtra

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MICR Code	41109614
Bank	Mahanagar Co-Op Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Wakad
Contact	020 20276474
Bank Details	Mahanagar Co-Op Bank Ltd Wakad MCBL0960074

Location	Pune, Pune
City	Pune
District	Pune
State	Maharashtra
Pincode	411057
Country	IN
Address	Tulja bhavani plaza, thergaon road, s. No. 17/4, wakad, pune 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 41109614 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 41109614 of Mahanagar Co Op Bank, Wakad branch makes the system almost error free and faster. Use of Mahanagar Co Op Bank MICR codes for Wakad branch, makes the characters readable even if there are other marks and stamps on it.

A total of 12 branches of Mahanagar Co-Op Bank Ltd are available with micr code -

>>Alephata >>Bhosari >>Lohagaon >>Market Yard >>Navi Sangvi >>Pune >>Raviwar Peth >>Shirur >>Talwade >>Wagholi >>Wakad >>Yerawada

MICR code for Mahanagar Bank Wakad

Mahanagar Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Mahanagar Co Op 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. 41109614 is the MICR code of Mahanagar Cooperative 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 Mahanagar Co Op Bank Wakad is presented in the table alongside.

Use of Mahanagar Co Op Bank MICR code for Wakad branch in pune

The MICR code 41109614 is used in RBI cheque clearing process to identify the branch Wakad and Mahanagar Co Op 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 Mahanagar Cooperative Bank is typically in either of these two font’s: E-138 and CMC-7.

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