Indusind Bank Pune Pune Maharashtra MICR CODE

Find MICR Codes for Indusind Bank Pune Pune Maharashtra

MICR Code
Bank Indusind Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bhandarkar Road Pune
Contact 25651391
Bank Details Indusind Bank Ltd Bhandarkar Road Pune INDB0000746
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 411004
Country IN
Address Plot no 148a bilwakunj apartment nr bhandarkar institute bhandarkar road pune 411004 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 411234011 for Bhandarkar Road Pune 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 411234011 of Indus Bank, Bhandarkar Road Pune branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Bhandarkar Road Pune branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indusind Bank Bhandarkar Road Pune

Indusind Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Indus Bank MICR code for Bhandarkar Road Pune 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. 411234011 is the MICR code of Indusind Bank for Bhandarkar Road Pune branch. MICR code for Bhandarkar Road Pune 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 Indus Bank Bhandarkar Road Pune is presented in the table alongside.

Use of Indus Bank MICR code for Bhandarkar Road Pune branch in pune

The MICR code 411234011 is used in RBI cheque clearing process to identify the branch Bhandarkar Road Pune and Indus 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 Indusind Bank is typically in either of these two font’s: E-138 and CMC-7.

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