Vijaya Bank Pune Pune Maharashtra MICR CODE

Find MICR Codes for Vijaya Bank Pune Pune Maharashtra

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MICR Code
Bank Vijaya Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sadashivpet Pune
Contact
Bank Details Vijaya Bank Sadashivpet Pune VIJB0005016
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 411030
Country IN
Address P b no 710, 1159,swojas house, sadashivpet, pune,maharastra, 411030
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 411029002 for Sadashivpet 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 411029002 of Vijaya Bank, Sadashivpet Pune branch makes the system almost error free and faster. Use of Vijaya Bank MICR codes for Sadashivpet Pune branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Vijaya Bank Sadashivpet Pune

Vijaya Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Vijaya Bank MICR code for Sadashivpet 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. 411029002 is the MICR code of Vijaya Bank for Sadashivpet Pune branch. MICR code for Sadashivpet 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 Vijaya Bank Sadashivpet Pune is presented in the table alongside.

Use of Vijaya Bank MICR code for Sadashivpet Pune branch in pune

The MICR code 411029002 is used in RBI cheque clearing process to identify the branch Sadashivpet Pune and Vijaya 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 Vijaya Bank is typically in either of these two font’s: E-138 and CMC-7.

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