Pavana Bank Pune Pune Maharashtra MICR CODE

Find MICR Codes for Pavana Bank Pune Pune Maharashtra

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MICR Code	-NA-
Bank	Pavana Sahakari Bank Limited
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Bhosari
Contact	20-8537085782
Bank Details	Pavana Sahakari Bank Limited Bhosari PSBL0000004

Location	Pune, Pune
City	Pune
District	Pune
State	Maharashtra
Pincode	411039
Country	IN
Address	Hira plaza,near sant dynaneshwar hospital,pune nashik road,bhosari,pune -411039

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 Bhosari 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 Pavana Sahakari Bank, Bhosari branch makes the system almost error free and faster. Use of Pavana Sahakari Bank MICR codes for Bhosari branch, makes the characters readable even if there are other marks and stamps on it.

A total of 23 branches of Pavana Sahakari Bank Limited are available with micr code -

>>Akurdi >>Alandi >>Bhosari >>Chikhali >>Chimbali Phata >>Chinchwad >>Dapodi >>Dehugaon >>Induri >>Kalewadi >>Kamshet >>Kasarwadi >>Marunjinere >>Pashan >>Pimpri >>Ravet >>Rtgsho >>Shikrapur >>Somatne Phata >>Spine Road >>Vadgaon Maval >>Wagholi >>Wakad

MICR code for Pavana Bank Bhosari

Pavana Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Pavana Sahakari Bank MICR code for Bhosari 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 Pavana Bank for Bhosari branch. MICR code for Bhosari 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 Pavana Sahakari Bank Bhosari is presented in the table alongside.

Use of Pavana Sahakari Bank MICR code for Bhosari branch in pune

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

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