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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 Malegaon Bk
Contact 9822870567
Bank Details The Baramati Sahakari Bank Limited Malegaon Bk BARA0000034
Location Baramati, Pune
City Baramati
District Pune
State Maharashtra
Pincode 413115
Country IN
Address Plot no. 66, raje amarsinh colony, malegaon bk. Tal.baramati, dist.pune 413115
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 413606509 for Malegaon Bk 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 413606509 of Baramati Sahakari Bank, Malegaon Bk branch makes the system almost error free and faster. Use of Baramati Sahakari Bank MICR codes for Malegaon Bk 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 -

>>Baramati >>Jalochi >>Malegaon Bk >>Textile Park

MICR code for Baramati Bank Malegaon Bk

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 Malegaon Bk 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. 413606509 is the MICR code of Baramati Bank Limitrd for Malegaon Bk branch. MICR code for Malegaon Bk 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 Malegaon Bk is presented in the table alongside.

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

The MICR code 413606509 is used in RBI cheque clearing process to identify the branch Malegaon Bk 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.