Rajgurunagar Bank Pune Khed Maharashtra MICR CODE

Find MICR Codes for Rajgurunagar Bank Pune Khed Maharashtra

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

A total of 1 branches of Rajgurunagar Sahkari Bank Ltd are available with micr code -

MICR code for Rajgurunagar Bank

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

Use of Rajgurunagar Sahkari Bank MICR code for branch in pune

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

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