Central Bank Pune Pune Maharashtra MICR CODE

Find MICR Codes for Central Bank Pune Pune Maharashtra

MICR Code
Bank Central Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Institute Of Management Development And Rese
Contact 20-25653646
Bank Details Central Bank Of India Institute Of Management Development And Rese CBIN0020655
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 411001
Country IN
Address Fergusson college campus,b.m.c.c road,, dist- pune, maharashtra
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 Institute Of Management Development And Rese 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 Central Bank Of India, Institute Of Management Development And Rese branch makes the system almost error free and faster. Use of Central Bank Of India MICR codes for Institute Of Management Development And Rese branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Central Bank Institute Of Management Development And Rese

Central Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Central Bank Of India MICR code for Institute Of Management Development And Rese 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 Central Bank India for Institute Of Management Development And Rese branch. MICR code for Institute Of Management Development And Rese 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 Central Bank Of India Institute Of Management Development And Rese is presented in the table alongside.

Use of Central Bank Of India MICR code for Institute Of Management Development And Rese branch in pune

The MICR code 0 is used in RBI cheque clearing process to identify the branch Institute Of Management Development And Rese and Central Bank Of India 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 Central Bank India is typically in either of these two font’s: E-138 and CMC-7.

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