Pandharpur Bank Pune Pune Maharashtra MICR CODE

Find MICR Codes for Pandharpur Bank Pune Pune Maharashtra

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MICR Code
Bank The Pandharpur Urban Coop Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kothrud Pune
Contact 25454398
Bank Details The Pandharpur Urban Coop Bank Ltd Kothrud Pune PUCB0000015
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 411038
Country IN
Address 3079/1a,paud road,kothrud,pune,411038
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 Kothrud 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 Pandharpur Urban Bank, Kothrud Pune branch makes the system almost error free and faster. Use of Pandharpur Urban Bank MICR codes for Kothrud Pune branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of The Pandharpur Urban Coop Bank Ltd are available with micr code -

>>Chinchwad >>Kothrud Pune >>Narhe Ambegaon >>Sinhagad Road Pune

MICR code for Pandharpur Bank Kothrud Pune

Pandharpur Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Pandharpur Urban Bank MICR code for Kothrud 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 Pandharpur Urban Coop Bank for Kothrud Pune branch. MICR code for Kothrud 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 Pandharpur Urban Bank Kothrud Pune is presented in the table alongside.

Use of Pandharpur Urban Bank MICR code for Kothrud Pune branch in pune

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

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