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	Somatne Phata
Contact	20-8237085792
Bank Details	Pavana Sahakari Bank Limited Somatne Phata PSBL0000009

Location	Pune, Pune
City	Pune
District	Pune
State	Maharashtra
Pincode	410506
Country	IN
Address	Shop no 120 -124,trimurti complex,gat no-167,parandwadi road somatane phata,tal.mawal,dist.pune -410506

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 Somatne Phata 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, Somatne Phata branch makes the system almost error free and faster. Use of Pavana Sahakari Bank MICR codes for Somatne Phata 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 Somatne Phata

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 Somatne Phata 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 Somatne Phata branch. MICR code for Somatne Phata 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 Somatne Phata is presented in the table alongside.

Use of Pavana Sahakari Bank MICR code for Somatne Phata branch in pune

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