SBI Pune Pune Maharashtra MICR CODE

Find MICR Codes for SBI Pune Pune Maharashtra

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MICR Code	411002060
Bank	State Bank Of India
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	College Of Engineering Shivaji Nagar
Contact	Ip-121381, 020- 25541768
Bank Details	State Bank Of India College Of Engineering Shivaji Nagar SBIN0010431

Location	Pune, Pune
City	Pune
District	Pune
State	Maharashtra
Pincode	411005
Country	IN
Address	Near sangam bridge, pune pin 411005

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.

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College Of Engineering Shivaji Nagar (411002060)

How does MICR code 411002060 for College Of Engineering Shivaji Nagar 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 411002060 of State Bank Of India, College Of Engineering Shivaji Nagar branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for College Of Engineering Shivaji Nagar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 128 branches of State Bank Of India are available with micr code -

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MICR code for SBI College Of Engineering Shivaji Nagar

SBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. State Bank Of India MICR code for College Of Engineering Shivaji Nagar 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. 411002060 is the MICR code of SBI Bank for College Of Engineering Shivaji Nagar branch. MICR code for College Of Engineering Shivaji Nagar 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 State Bank Of India College Of Engineering Shivaji Nagar is presented in the table alongside.

Use of State Bank Of India MICR code for College Of Engineering Shivaji Nagar branch in pune

The MICR code 411002060 is used in RBI cheque clearing process to identify the branch College Of Engineering Shivaji Nagar and State Bank Of India 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 SBI Bank is typically in either of these two font’s: E-138 and CMC-7.

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