Indian Bank Pune Pune Maharashtra MICR CODE

Find MICR Codes for Indian Bank Pune Pune Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	411019005
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Sadashivpet
Contact	020 24470259
Bank Details	Indian Bank Sadashivpet IDIB000S001

Location	Pune, Pune
City	Pune
District	Pune
State	Maharashtra
Pincode	411030
Country	IN
Address	1025 bcd sadashivpeth opp. Shivaji mandir 411030

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 411019005 for Sadashivpet 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 411019005 of Indian Bank, Sadashivpet branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Sadashivpet branch, makes the characters readable even if there are other marks and stamps on it.

A total of 22 branches of Indian Bank are available with micr code -

>>Command Hospital Pune >>Deccan Gymkhana >>Ind Msme Pune >>Ind Retail Pune >>Kalyani Nagar >>Kharadi >>Mcb Deccan Gymkhana >>Mcb Deccan Gymkhanapune >>Microsate Branch Pune >>Nanapeth >>Nibm Kondwa >>Pimpale Saudagar >>Pune >>Pune Cantonment >>Pune City >>Pune Dhanori >>Pune P N P >>Rmpc >>Sadashivpet >>Vadgaon Budruk >>Wakad >>Wanowrie Pune

MICR code for Indian Bank Sadashivpet

Indian Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Indian Bank MICR code for Sadashivpet 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. 411019005 is the MICR code of Indian Bank for Sadashivpet branch. MICR code for Sadashivpet 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 Indian Bank Sadashivpet is presented in the table alongside.

Use of Indian Bank MICR code for Sadashivpet branch in pune

The MICR code 411019005 is used in RBI cheque clearing process to identify the branch Sadashivpet and Indian 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 Indian Bank is typically in either of these two font’s: E-138 and CMC-7.

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