Rajgurunagar Bank Rajgurunagar Pune Maharashtra MICR CODE

Find MICR Codes for Rajgurunagar Bank Rajgurunagar Pune Maharashtra

Bank
State
District
City
Branch
Address
MICR Code: 411164301
Bank: Rajgurunagar Sahkari Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Bajar Peth
Contact: Mr. Ashok Oswal
Bank Details: Rajgurunagar Sahkari Bank Ltd Bajar Peth RSBL0000003
Location: Rajgurunagar, Pune
City: Rajgurunagar
District: Pune
State: Maharashtra
Pincode: 410505
Country: IN
Address: 319,320 Pune-Nashik Highway, Rajgurunagar Tal. Khed Dist Pune 410505
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 411164301 for Bajar Peth 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 411164301 of Rajgurunagar Bank, Bajar Peth branch makes the system almost error free and faster. Use of Rajgurunagar Bank MICR codes for Bajar Peth branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Rajgurunagar Sahkari Bank Ltd are available with micr code -

>>Bajar Peth >>Head Office >>Kadus >>Tilak Chowk

MICR code for Rajgurunagar Bank Bajar Peth

Rajgurunagar Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Rajgurunagar Bank MICR code for Bajar Peth 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. 411164301 is the MICR code of Rajgurunagar Sahkari Bank for Bajar Peth branch. MICR code for Bajar Peth 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 Bank Bajar Peth is presented in the table alongside.

Use of Rajgurunagar Bank MICR code for Bajar Peth branch in rajgurunagar

The MICR code 411164301 is used in RBI cheque clearing process to identify the branch Bajar Peth and Rajgurunagar 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 Sahkari Bank is typically in either of these two font’s: E-138 and CMC-7.