Bhagini Nivedita Sahakari Bank Ltd Pune Pune Maharashtra MICR CODE

Find MICR Codes for Bhagini Nivedita Sahakari Bank Ltd Pune Pune Maharashtra

MICR Code
Bank Bhagini Nivedita Sahakari Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Rtgsho
Contact 20-25447619
Bank Details Bhagini Nivedita Sahakari Bank Ltd Rtgsho BNSB0000001
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 411004
Country IN
Address Nivedita bahavan,cts no.34/7,final plot no 35/7b,prabhat road,lane no.8,erandwane,pune - 411004
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 Rtgsho 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 Bhagini Nivedita Sahakari Bank Ltd, Rtgsho branch makes the system almost error free and faster. Use of Bhagini Nivedita Sahakari Bank Ltd MICR codes for Rtgsho branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Bhagini Nivedita Sahakari Bank Ltd are available with micr code -

>>Narayan Peth >>Rtgsho

MICR code for Bhagini Nivedita Sahakari Bank Ltd Rtgsho

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

Use of Bhagini Nivedita Sahakari Bank Ltd MICR code for Rtgsho branch in pune

The MICR code 0 is used in RBI cheque clearing process to identify the branch Rtgsho and Bhagini Nivedita Sahakari Bank Ltd 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 Bhagini Nivedita Sahakari Bank Ltd is typically in either of these two font’s: E-138 and CMC-7.

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