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Baramati Bank Baramati Pune Maharashtra MICR CODE

Find MICR Codes for Baramati Bank Baramati Pune Maharashtra

MICR Code:
Bank: The Baramati Sahakari Bank Limited
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Baramati
Contact: 227701
Bank Details: The Baramati Sahakari Bank Limited Baramati BARA0000100
Location: Baramati, Pune
City: Baramati
District: Pune
State: Maharashtra
Pincode:
Country: IN
Address: Bhigwan chowk, baramati, dist pune 413102
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 413606101 for Baramati 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 413606101 of Baramati Sahakari Bank , Baramati branch makes the system almost error free and faster. Use of Baramati Sahakari Bank MICR codes for Baramati branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of The Baramati Sahakari Bank Limited are available with micr code -

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MICR code for Baramati Bank Baramati

Baramati Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Baramati Sahakari Bank MICR code for Baramati 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. 413606101 is the MICR code of Baramati Bank Limitrd for Baramati branch. MICR code for Baramati 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 Baramati Sahakari Bank Baramati is presented in the table alongside.

Use of Baramati Sahakari Bank MICR code for Baramati branch in baramati

The MICR code 413606101 is used in RBI cheque clearing process to identify the branch Baramati and Baramati Sahakari 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 Baramati Bank Limitrd is typically in either of these two font’s: E-138 and CMC-7.