Rajgurunagar Bank Chakan Pune Maharashtra MICR CODE

Find MICR Codes for Rajgurunagar Bank Chakan Pune Maharashtra

Bank
State
District
City
Branch
Address
MICR Code: 411164283
Bank: Rajgurunagar Sahkari Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Chakan
Contact: Mr. Ankush Kohinkar
Bank Details: Rajgurunagar Sahkari Bank Ltd Chakan RSBL0000004
Location: Chakan, Pune
City: Chakan
District: Pune
State: Maharashtra
Pincode: 410501
Country: IN
Address: Aiswarya Icon, Ambethan Chowk, Chakan, Taluka-Khed, District-Pune, 410501
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 411164283 for Chakan 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 411164283 of Rajgurunagar Bank, Chakan branch makes the system almost error free and faster. Use of Rajgurunagar Bank MICR codes for Chakan 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 -

>>Chakan

MICR code for Rajgurunagar Bank Chakan

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 Chakan 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. 411164283 is the MICR code of Rajgurunagar Sahkari Bank for Chakan branch. MICR code for Chakan 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 Chakan is presented in the table alongside.

Use of Rajgurunagar Bank MICR code for Chakan branch in chakan

The MICR code 411164283 is used in RBI cheque clearing process to identify the branch Chakan 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.

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