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Pandharpur Bank Modnimb Solapur Maharashtra MICR CODE

Find MICR Codes for Pandharpur Bank Modnimb Solapur Maharashtra

MICR Code
Bank The Pandharpur Urban Coop Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Modnimb
Contact 230225
Bank Details The Pandharpur Urban Coop Bank Ltd Modnimb PUCB0000004
Location Modnimb, Solapur
City Modnimb
District Solapur
State Maharashtra
Pincode 413301
Country IN
Address Datta nagar,station road,modnimb,413301
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 Modnimb 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 Pandharpur Urban Bank, Modnimb branch makes the system almost error free and faster. Use of Pandharpur Urban Bank MICR codes for Modnimb branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of The Pandharpur Urban Coop Bank Ltd are available with micr code -

>>Modnimb

MICR code for Pandharpur Bank Modnimb

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

Use of Pandharpur Urban Bank MICR code for Modnimb branch in modnimb

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